‘Gold Rush’: Why Parker Schnabel Never Felt Bad for Todd Hoffman

by Jonathan Howard

When it comes to mining out on the Yukon Gold Rush stars don’t have a lot of time for feelings.

Parker Schnabel is young, but he has a wealth of experience in mining. There are older and arguably more experienced miners out there, but not many are as successful as Schnabel. He knows that there are sacrifices one has to make to be successful. So, when other miners don’t make that sacrifice, he doesn’t feel bad.

One of those miners was Todd Hoffman. Hoffman made a good run digging for gold. There was a time a few years ago when he decided to try things away from the Yukon. It didn’t work out well for him. In 2017, Schnabel was asked by Starcasm if he felt for Todd. The Gold Rush star did not dance around the question.

“Not really. You know, he left a very successful season in the Yukon. There’s a reason that we all come up here to mine. There’s a lot of gold up here. You know, you can’t always get what you want as far as being close to home and finding all the gold. If it were as simple as that, everybody would be millionaires from gold mining, right? You gotta go where the gold is.”

That’s a bit of his competitive mindset coming out. He isn’t worried about someone else, especially a rival miner.

Parker Explained How He Got So Competitive

From an early age, Parker Schnabel has been a competitive person. It was his experiences as a kid growing up that helped shape his attitudes today. Since he was 15 years old the miner has been involved in the industry. Before that, it was his time as a Boy Scout that helped evolve his competitive nature.

“Probably Derby races at the Cub Scouts,” he said. “You have to take a block of wood and add wheels and weights to it, and I won that.”

I wonder if Schnabel had the same ruthless attitude towards his fellow scouts as he did toward Hoffman in that quote above. If he did, that was a very intense pinewood derby.

While he is trying to outmine everyone, he does have a shared interest with Tony Beets. One piece of ground is producing gold for both mine owners due to a special deal the two struck.

‘Gold Rush’ Schnabel Royalty Deal with Beets

Schnabel and Beets struck a deal on a piece of ground “by the airstrip.” What happens is this: Schnabel is mining the land. Beets owns the land. So, Parker pays a 15% royalty on the first 1500 ounces of gold. Then it goes up after that.

While it is a strange and tough deal for Schnabel, every ounce helps the Gold Rush star.