'gold Rush' Star Parker Schnabel Reveals Biggest Problem With Industry
“Luckily we had a lot of good years with him and I’ve tried my best to keep things positive and know that … so that’s good,” Parker told People after his grandfather's death. It was more of a personal thing than it was a business problem,” he continued. When he was growing up, Parker Schnabel viewed himself as “a pretty typical Alaskan kid”. “For about five years our family hardly had to buy any meat. I was pretty proud of that.” Then, in his teens, his attitude shifted, says The Times.
Parker and Dakota Fred mined 191 ounces and 163 ounces, respectively, worth over a quarter-million dollars each. This was a large success in comparison to the first season, where no team recovered more than 50 ounces of gold. With a smaller company you are more valuable because they have less people, every person is an integral part of the operation to keep it running. You can normally negotiate for a larger percentage since there are less miners on-site.
Start out in road construction and learn everything you can about every piece of equipment they have there. You might start off at the bottom but if you show real interest, you’ll be taught how to run equipment because it’s in everyone’s best interest to have well rounded employees with a wide variety of abilities. Once the initial phase of data parker schnabel is over, the next stage is to work out how this complex operation can be improved. Some conclusions may be obvious and intuitive, others more surprising and innovative. Coming up with solutions that have never been tried before will involve lateral thinking and bringing in techniques and strategies from outside the world of gold mining. Parker Schnabel traveled up to the Klondike at the age of 18 and leased land from the famed miner Tony Beets.
The right candidate need have no prior experience of gold mining – and may never have worked on an industrial site at all. Right after graduating from high school, he went home to work on the family business. Then, when his grandfather stepped down from his position, Parker became the head of daily operations. Parker grew up working for his grandfather and he started operating heavy machinery at an early age as well.
Even so, turning a profit is all about logistics and, in the Klondike, they're “terrible”, says The Times. To get one ounce of gold worth around $1,500 “you need to dig up enough dirt and trucks to fill roughly half of an Olympic-size swimming pool”. Schnabel spends $2m on fuel alone and has to work against the clock because this far north the season is short. “To make money, you need to make a string of good decisions day in and day out. But a couple of bad ones might finish you.” Fans of the Discovery Channel reality show Gold Rush are no strangers to Schnabel's standing as “a connoisseur of dirt”.
While the Hoffman crew does go to Guyana for season 4 a year later, given the low probability of profitability, Hoffman chose not to pursue the venture for season 3. Parker's crew exceeded his 7,000 goal at Scribner Creek, mining 7,427.25 ounces (worth nearly $9 million). Rick Ness mined 1,105 ounces, worth $1.3 million, and beat his 1,000 ounce season goal. Tony Beets fell short of his 6,000 ounce goal, mining just under 4,400 ounces.