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State taxes narrowly targeting mineral production include severance taxes, mining license taxes, and extraction excise taxes. [58] [59] Extraction taxes on gold mining in the nine major western gold-mining states (in descending order of gold production) are: Nevada – 5% net [60] [61] Alaska – 7% net [62] Utah – 2.6% gross [63]
Gold pans and shovels are commonly allowed, but sluice boxes and suction dredges may be prohibited in some areas. [12] [13] There are public mining areas in many states, and prospecting may allow one to stake a gold placer claim or other type of mining claim in certain areas. Some public lands have been set aside for recreational gold panning.
LSTA, a Texas-based company that also owns precious metals dealers U.S. Gold Bureau and WholesaleCoinsDirect.com, operates a highest-rated, Class 3 vault that serves as the depository’s initial location. Planning for a permanent home for the Texas Bullion Depository began in 2018, at a site in Leander, Texas that should be completed in 2019.
Texas Precious Metals, based in Shiner, Texas, is one of the largest precious metals dealers in the United States. [ 3 ] [ 4 ] The company reported annual revenues of $180.1 million in 2013 [ 1 ] and $153.2 million in 2014. [ 2 ]
Aug. 9—AUSTIN — The Railroad Commission of Texas issued a total of 772 original drilling permits in July 2023. The total includes 681 to drill new oil or gas wells, 6 to re-enter plugged ...
The Chaffee law of 1869 and the placer law of 1871 were combined into the General Mining Act of 1872. The mining law of 1866 had given discoverers rights to stake mining claims to extract gold, silver, cinnabar (the principal ore of mercury) and copper. When Congress passed the General Mining Act of 1872, the wording was changed to "or other ...
Sep. 11—AUSTIN — The Railroad Commission of Texas issued a total of 820 original drilling permits in August 2023, according to a press release. The total includes 710 to drill new oil or gas ...
Midway Receives Another Key Permit for Pan Gold Project, White Pine County, Nevada DENVER--(BUSINESS WIRE)-- Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-MKT) announces ...