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NEWMONT <br /> GOLDCORR <br /> • Ancillary areas <br /> • Viewshed Conservation areas <br /> • Mobilization and de-mobilization of equipment <br /> • Indirect Costs (e.g., Public liability, contractor's performance bond, overhead and <br /> profit, regulator management fee, and contingency) <br /> The reclamation liability for the life of mine build out has been calculated using the Standard <br /> Reclamation Cost Estimator (SRCE). Output from the SRCE is attached to this narrative. Cripple <br /> Creek and Victor Gold Mine Company, Inc. (CC&V) will provide the Division with an annual <br /> financial warranty update at the end of October each year. This update will provide an estimated <br /> financial warranty for the following years planned disturbance. The financial warranty updated will <br /> include; updated unit costs, labor costs, and material costs. Additionally, CC&V will use the <br /> Closure and Reclamation technical template (CRTT) to prorate the full build in SRCE to reflect <br /> the following years year's liability. This is consistent with the incremental bonding approach <br /> previously used by CC&V and accepted by the Division of Reclamation, Mining and Safety <br /> (DRMS), and is consistent with the Mined Land Reclamation Act and Rules and Regulations. The <br /> financial warranty estimate has been developed to support this approach. <br /> The general approach for cost estimating involved calculating the areas and volumes for particular <br /> facilities using either direct measurements from software programs (e.g., AutoCAD and <br /> Minesight), constructing cross-sections before and after reclamation, measuring from aerial <br /> photos using a polar planimeter, or simple computations involving lengths, widths, and heights. <br /> Using the volumes and areas determined as above, earthmoving and reclamation equipment <br /> were selected based on productivities developed for the specific project involved using such <br /> resources as the Caterpillar Performance Handbook, time study information, and professional <br /> engineering judgment, where appropriate. <br /> For most facilities the basic outline of reclamation involves the following sequential steps: (1) <br /> grading, slope reduction, re-contouring with dozers or scrapers; (2) replacing growth medium to <br /> a depth of approximately six inches; (3) preparing a seed-bed by scarifying or ripping; (4) <br /> revegetation consisting of fertilizing, seeding, and mulching; and (5) planting trees and shrubs on <br /> north- and east-facing slopes. <br /> 2 PROJECT FINANCIAL WARRANTY REQUIREMENTS <br /> To ensure that the Cresson Project is reclaimed, CC&V will post an appropriate financial warranty, <br /> the amount of which has been computed in accordance with the practices used in previously <br /> submitted financial warranty computations. Costs developed are in year 2019 dollars. The <br /> financial warranty calculations include those items requiring reclamation at the Cresson Project <br /> and the appropriate DRMS administration fees. Thereafter, the financial warranty will be reviewed <br /> Cripple Creek&Victor Gold Mining Company Exhibit L <br /> Cresson Project Amendment 13 <br /> 2 <br />