Foreignowned mines operate royaltyfree under outdated US
Jan 21, 20150183;32;Take, for example, the case of Cortez Mine in Nevada, one of the biggest gold mines in the U.S. Owned by Canadas Barrick Gold, it produced 1.3 million ounces of gold in 2013. With gold averaging $1,400 an ounce that year, thats a value of more than $1.8 billion. It paid nothing in royalties to the federal government.