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The Business Of Mining: Profits, Losses, Hobbies and Businesses

Everyone can deduct all of the ordinary and necessary expenses of conducting a trade or business. But how can anyone hope to refute the IRS’s labeling of their activity as a hobby or, probably more importantly, hope to achieve the label of a tax business?

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Idaho-Maryland Mine—History Restarted


It was late October 1850, and, as the story goes, George McKnight was rushing along trying to round up his cows when he stumbled. He was not a happy man as he kicked the fist-sized rock in disgust. The disgust changed quickly to interest...

2003 California State Gold Panning Championships


Saturday, August 30, and Sunday, August 31, were big days for gold panners in California. This was the O.K. Corral shootout for gold panning, and left standing after two days of intense competition were the champions. One hundred ninety-five panners went for the titles in six divisions.

Ask The Experts—Using classifiers


Q: I would like to know how to use a classifier when I dump my gravel into my sluice box. I would also like to know what sizes classifiers come in. I know that they are in sizes like -3/4. What does the “minus” in the size mean? Thanks for any help you can give me.

Cedros Island, Mexico


Cedros Island, 134 square miles in area, lies in the Pacific Ocean, 14 miles off the west coast of Baja California. It is 265 miles south of Ensenada and 340 miles south of San Diego. It is one of the few Mexican islands that is inhabited, with the fishing village of Puerto Cedros having a population of 400.

"New" Gold Rush Has Arrived


Gold mining is garnering national attention as the economy slows and more Americans look for a way to make ends meet.

Dredging The Outside Bend


This stringer was where it was not supposed to be, and it contained nuggets that were not supposed to be there.

Ask the Experts—What is barite used for?


QCould you inform me as to what “barite” is used for? Where can I locate a company that mines barite?

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