Interested in small gold mining business ideas? If YES, here is how to start a gold mining business with no money and no experience. How much does it cost to start up?
How To Start A Gold Mining Company
How To Set Up Your Own Gold Mine – Starting A Gold Prospecting Business
The value of gold keeps rising even while faced
with economic crisis. Many individuals and companies are interested in starting
their own gold mining business because of its continued popularity. This is more
eminent in countries where there are gold to mine. Businessmen and women are urged
to start gold mining business due to the fact that it is much cheaper to produce,
and they will gain more money once they’ve sell it. Some find it easier investing in gold mining stocks and companies.
Just like other types of businesses, gold mining investment opportunities are truthfully risky business to establish. Though the income is high,
many are still doubtful of opening this kind of business since there’s a huge possibility
that it will not succeed. This is a good reason why it is important to give yourself
time to think about it before deciding to have your own gold mining business
Since this business isn’t one you just
jump into anyhow, when looking for how to get into the gold mining business, it is necessary that you check if it is possible to establish
it in your country. Most of the large companies you see today doing this kind of
business choose to mine in other countries where there’s gold available. So, if
you want to have your own gold mining company, you need to do your researches appropriately.
Gold prospectors who want to start a gold mine
have choices to make when beginning to create a mining operation. In fact, we were
made to understand that 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.
Gold mining operations range from tiny to gigantic. Definitely, location and size
of the operation will determine how a miner will start a gold mine. All these must be captured in even a small scale gold mining business proposal.
Now, let us underline the things to do:
1. Prospect the site with a shovel and pan.
It is necessary that you record the concentrations of naturally occurring gold in
the gold ore on the claim. You are to dig where exposed bedrock is on the claim
and where waterways collect gold in the beds of the river or stream around the inside
bend of a corner in the water. Prospecting accurately will increase the amount of
gold you pull from the claim per hour of work.
2. You are to set up mining equipment that compliments
the geography of the area. Though water is an important feature of many gold mines,
some experts said it is not needed for separating the gold from the ore. Necessary
things as sluice boxes and shakers can run by either water or air. You just develop
the right mine for your site.
3. Ensure you provide living quarters for the
miners and power the housing with a generator that can power the electrical mining
equipment as well. You should know that the larger the gold mine the more power,
equipment and housing you will need. If you can, ensure you separate the living
quarters from the mill site. Why? So as to avoid contaminating the water supply
with human byproducts.
4. Excavate gold ore from the most productive
sampling sites on the claim and collect the ore near the mining equipment. When
enough ore has been stored to run a complete shift of mining operations you can
begin to separate the gold from the ore and make money with a gold mine.
5. You should store pure gold and highly concentrated
gold ore in separate containers for further processing. Actually, the processing
of gold is the most time consuming task; eliminating all the debris from the gold
can be better managed at a later time. You should process the ore until all that
is left is heavy black sand and gold; then store it for cleaning at a later time..
In conclusion, you should note that you might
take some pounding from stronger competitors. In fact, you might make a business
mistake or even face intricate gold business challenges like a change in government policy.
Watch out for my next post on small scale gold mining business plan
But hey, don’t give up. Stay strong!