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A Joint Venture
Manager
Golden Cycle Gold Corporation
Since 1998, CC&V employees have donated over 30,000 hours of volunteer work to more than 50 community organizations. More than $2.5 million in cash has been donated to schools, local community organizations, and local charities since 1994. These donations range from support of Little League Baseball to support of renovation of existing ball fields and support facilities. The CC&V Team has supported the construction of the Victor Community Center, the Cresson Elementary School computer lab in Cripple Creek, and Flight for Life Helicopter facilities. Over the years we have been pleased to support the Hilltop Rehab and Wellness Center with donations that have replaced an outdated water heater, reroofed the facility, updated the residents living areas, and corrected drainage issues at the facility. CC&V has also been a major contributor to the Pikes Peak Regional Medical Center, which is expected to open in 2007. Contributions from CC&V have been leveraged to bring in substantial grant funds to get the project off the ground.
We are particularly proud of our partnership with the Southern Teller County Focus Group to preserve historical sites throughout the mining district and provide public access to some of those areas. A trail system has been developed by the Focus Group on CC&V property. The Focus Group is responsible for maintenance of the trails and for signage that provides valuable information regarding the historical and modern mining in the area.
CC&V has saved and relocated: the Cresson Mine Headframe to the Victor Gold Bowl, the Cresson Ore Sorting House to the Independence Site, the Gold Sovereign Headframe to the Cripple Creek District Museum, the Deadwood Headframe and Joe Dandy Headframe and ore sorting house, both now above Cripple Creek. The Independence Mine and Mill site has been placed on the National Register of Historic Places, as well as significant examples of mining equipment at the Lowell Thomas Museum in Victor and other locations throughout the area. In addition, CC&V refurbished and provided access to the American Eagles mine site from Victor
For the past few years, CC&V staffed the Victor Lowell Thomas Museum in Victor during the summer. Under a grant matched by CC&V, we have been able to clean and reorganize the exhibits, and conduct a structural survey of the historic museum building. Annually, CC&V sponsors the Gold Camp Christmas Project, and comprehensively supports Victor’s Gold Rush Days. We sponsor the Teller County Fair, and support the 4-H kids at the Fremont County and Teller County livestock auctions.
For more than 100 years, gold in the Cripple Creek Mining District has supported communities. For more than 20 years, the Cripple Creek & Victor Gold Mining Company has helped to support the local communities by being an active part of them.
TAXES
CC&V pays three major types of taxes in additional to federal corporate income taxes. CC&V pays state and local sales and use taxes, property (surface) taxes, and a net proceed or "mineral severance" tax. The latter is an income tax intended to produce monies paid to the State for the purpose of assisting communities that may have impacts from mineral and/or energy operations in their area. Most individuals and businesses pay only the first two types of taxes.
Taxes paid to the State of Colorado for 2005 totaled $873,000 for sales, use, and severance taxes. CC&V’s operations contribute $1.5 million to Teller County for property taxes and net proceeds tax. Based on the annual payroll, CC&V's employees are estimated to provide in excess of $1 million each year to Colorado in the form of income taxes, and more to the local and state treasuries from individual sales and property taxes.
PO Box 191, Victor, CO 80860 719-689-4022 info@ccvgoldmining.com