Mineral Tax for Placer Gold Mines

If you operate a placer gold mine, you file and pay mineral tax annually using the Placer Gold Mine Tax Return. You pay tax on the total sales of minerals from the placer gold mines you operate, unless you qualify for an exemption.

You’re operating a placer gold mine if both:

  1. Substantially all of the minerals produced are placer minerals
  2. Gold accounts for the majority of the value of the placer minerals

Tax Rate

The tax rate is 0.5% of your proportionate share of mineral product sold.