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These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.
For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.
Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.
In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.
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Thursday, July 31, 2008
First Stump Delivery Arrives on Schedule
Comtex
VANCOUVER, BC, Jul 31, 2008 (MARKET WIRE via COMTEX) ----Klondike Silver Corp. (TSX-V: KS) is pleased to announce the arrival of the first delivery of lead-zinc-silver material from its Stump Property in the Yukon to its wholly owned milling complex located in Sandon, B.C. Approximately 2500 to 3000 tons of material from the Stump will be delivered and processed over the next three months.
Four bulk samples, collectively comprising approximately 80 tons of galena-rich material, were extracted from the Stump in 2007 and returned values as high as 42% Pb and 47 oz/ton Ag (head grades reported from the mill are listed on Table 1). The concentrate is currently stored at the Sandon mill.
Table 1: Head Grades for Stump Bulk Sample ------------------------------------------------------------------------- Klondike Silver Corp. BULK SAMPLE: STUMP PROPERTY, YUKON ------------------------------------------------------------------------- Mill Run at Sandon, BC - Sept/Oct 2007 ------------------------------------------------------------------------- Lens Sample Tonnage Pb Ag Ag Zn (short tonnes) (%) (g/tonne) (oz/tonne) (%) ------------------------------------------------------------------------- B 2459 Head sample 8.7 39.87 1578 46.03 0.38 Lot B ------------------------------------------------------------------------- C 2464 Head sample 31.5 37.41 1416 41.30 0.37 Lot C ------------------------------------------------------------------------- E 2456 Head sample 27.0 39.32 1559 45.47 1.34 Lot E ------------------------------------------------------------------------- F 2461 Head sample 13.5 42.62 1612 47.02 0.30 Lot F ------------------------------------------------------------------------- Totals 80.7 -------------------------------------------------------------------------
Klondike Silver recently entered into an agreement with a smelter (see news release dated July 14, 2008) to process the concentrate once the entire shipment has been milled.
The Stump property is wholly owned by Klondike Silver, subject to a net smelter return royalty. It is road accessible and hosts silver-lead veins that are part of a large mineral camp which includes the former Ketza gold mine, 5 km to the west.
About Klondike Silver
Klondike Silver Corp. has assembled a quality portfolio of silver and silver-rich poly-metallic properties in historic mineral districts of North America, and is applying advanced exploration technologies to add value to these core assets.
Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by a team with a stellar track record of discovery and development in Canada.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Distributed by Filing Services Canada and retransmitted by Marketwire
CONTACT INFORMATION Corporate Inquiries: Kevin Hull or Alan Campbell (604) 685-2222 Email: Email Contact Or visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox interviews with our Company President. AGORACOM Investor Relations Email: Email Contact Website: http://www.agoracom.com/ir/KlondikeSilver Klondike Silver Corp. #711-675 West Hastings Street Vancouver, B.C. CANADA V6B 1N2 TELEPHONE: (604) 685-2222 FAX: (604) 685-3764 www.klondikesilver.com
SOURCE: Klondike Silver Corp.
http://www2.marketwire.com/mw/emailprcntct?id=5C2B70DAE398598D http://www.klondikesilver.com http://www2.marketwire.com/mw/emailprcntct?id=011F533218F83A0C http://www.agoracom.com/ir/KlondikeSilver http://www.klondikesilver.com
Copyright 2008 Market Wire, All rights reserved.
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