How To Prepare Your Gold Mining Business

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Gold's over $1,100 an ounce now! So it's time to go find some. This is a primer on how to set up a gold mine on a pristine mountaintop in, say, Peru.

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Gold's over $1,100 an ounce now! So it's time to go find some. This is a primer on how to set up a gold mine on a pristine mountaintop in, say, Peru.

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A standard gold pan is an item that no gold prospector can do without. Regardless of whether you are a weekend prospector or you operate huge placer mining operation, a quality gold pan is invaluable for sampling different areas to prospect.

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The gold sector could see a supply crunch on the horizon as investment capital flows into other metals, according to a report from EY. The report from the research firm shows that value of merger and acquisitions in the mining sector increased 15% in 2017; however, the number of transactions declined by 6% last years.

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Gold prospectors who want to start a gold mine have choices to make when beginning to create a mining operation. Besides choosing to rent a gold mine lease or pan for gold on public lands, a miner can claim land and start a gold mine on undeclared land.