‘Gold Rush’: Parker Schnabel Takes Big Gamble That May Have Long-Term Ramifications

The road to the end of the Gold Rush season continues to have its twists, turns, and potholes. Parker Schnabel was happy with the plants running, banking more than $23 million thus far. However, when you’re also burning through millions in operating costs he needed high yields. The gold numbers have dropped in recent weeks, and the mining prodigy was on the verge to take a big gamble. Tony Beets has also been riding high with a $19 million haul with his 6,500-ounce goal in reach. A point of frustration remained on his son Mike, who had run into nonstop issues getting the Trommel going at Paradise Hill. The piece of equipment seemed snake bitten.