Change In Tax Laws Benefitted Gold Miners 1934

Gold was considered money that you dug out of the ground and provided liquidity for the markets during the depression. Canada had changed its tax burden specifically for the gold miners May 2, 1934 to encourage development in this sector. It was seen as a strategic advantage by the time of the geopolitical conflict. If there's a collapse of a currency somewhere in the world, you can bet that gold will be seen as a strategic asset.

When you read articles from the era, the reporter covering the story always stated that the mine produced said amount of money in dollars. Not in ounces of gold. Or that the ore contained so many dollars. Processing rates were tiny, between 75tpd - 100tpd.

The nice thing about looking back at these articles are the opinions of the miners themselves, running very familiar names which hadn't changed in 70 years. Any article you look at will always have a huge spread in the paper and opinions from the miners themselves.

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