Long-Term Reclamation Liability and Retirement Obligation Asset

6 Months Ended

Jun. 30, 2013

Long-Term Reclamation Liability and Retirement Obligation Asset [Abstract]

Long-Term Reclamation Liability and Retirement Obligation Asset

4.  Long-Term Reclamation Liability and Retirement Obligation Asset

Following is a reconciliation of the aggregate reclamation liability associated with our reclamation plan for our mining projects:

	June 30,		December 31,
	2013		2012
Long-term reclamation liability - beginning of period	$	4,597,156	$	2,007,605
Additional obligations incurred		-		2,405,314
Accretion of reclamation liability		146,413		184,237
Long-term reclamation liability - end of period	$	4,743,569	$	4,597,156

Following is a reconciliation of the aggregate retirement obligation asset associated with our reclamation plan for our mining projects:

	June 30,			December 31,
	2013			2012
Retirement obligation asset - beginning of period	$	2,803,318		$	825,481
Additional obligations incurred		-			2,405,314
Amortization of retirement obligation asset		(414,180	)		(427,477	)
Retirement obligation asset - end of period	$	2,389,138		$	2,803,318