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0 COLORADO <br /> �/ Division of Reclamation, <br /> �L� Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman Street,Room 215 <br /> Denver,CO 80203 <br /> December 31, 2019 <br /> Jack Nielsen/Sara A. Glinatsis <br /> Sunrise Mining LLC <br /> P.O. Box 2134 <br /> Monument, CO 80132 <br /> RE: May Idaho Mine Complex; Permit File M-1981-185—Acceptance of Financial <br /> Warranty Release <br /> Dear Mr. Nielsen <br /> On November 19, 2019, the Division of Reclamation, Mining and Safety (Division) approved the <br /> surety reduction (SR02)for the May Day Idaho Mine Complex. The surety was reduced by <br /> $86,921.00, resulting in a required financial warranty of$117,641.00. The Division currently <br /> holds five separate Certificates of Deposit, totaling $204,562.00. <br /> Pursuant to Rule 4.2.1(1), all Financial Warranties shall be set and maintained at a level which <br /> reflects the actual current cost of fulfilling the requirements of the Reclamation Plan; and for <br /> Designated Mining Operations, fulfilling the applicable requirements of the reclamation and <br /> Environmental Protection Plans during site closure and reclamation. Therefore, the Division, at <br /> this moment, can only release the following Certificates of Deposit totaling $67,114.00: Bond <br /> No. 00000028438, Bond No. 24457, and Bond No. 26089. In order to release the remaining <br /> $19,807.00, the Operator will need to provide a replacement financial warranty. Upon an <br /> acceptance of a financial warranty in the amount of$7,521.00, the Division will release Bond <br /> No. 26393, in the amount of$27,328.00. The details of the Certificates of Deposit held by the <br /> Division are listed below: <br /> Bond Type Bond Number Bond Amount Bond Issuer <br /> Certificate of Deposit 00000028438 $5,460.00 First National Bank of Durango <br /> Certificate of Deposit 24457 $5,421.00 First National Bank of Durango <br /> Certificate of Deposit 26089 $56,233.00 First National Bank of Durango <br /> Certificate of Deposit 26393 $27,328.00 First National Bank of Durango <br /> Certificate of Deposit 26560 $110,120.00 First National Bank of Durango <br /> OF cOi,. <br /> v, gra ,o <br /> 1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 https://mining.state.co.us * t(r_ 7 *, <br /> Jared Polis, Governor I Dan Gibbs, Executive Director I Virginia Brannon, Director # a <br /> �,��876: <br />