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EXHIBIT 19 <br />BONDING REDUCTION SCHEDULE for TR-54 <br />Reduction in Monitoring Requirements <br />Monitoring requirements for the Golden Eagle Mining permit have been significantly <br />reduced by a series of technical revisions since the closure of the Golden Eagle Mine. <br />Technical Revision-46 reduced the frequency and extent of subsidence monitoring and <br />TR-48 terminated subsidence monitoring. Technical Rivision-44, 53, and 54 have <br />significantly reduced the water monitoring requirement. <br />The Golden Eagle Reclamation bond contained an allowance in the determination of the <br />bonding amount for continued monitoring during the reclamation liability period. This <br />allowance should be reduced as a result of the above referenced permit revisions. At <br />closure, subsidence surveys were costing $3,000 per year, water monitoring $1,500 per <br />quarter, and laboratory analysis $4,000 per year. <br />Estimated Bonding Reduction for reduced Monitoring Requirements <br />ACTIVITY UNIT COST DURATION TOTAL BONll <br /> REDUCTION REDUCTION <br />• Subsidence Monitoring $3,000/yr. 5 yrs. $15,000 <br />Water Monitoring $3,500/yr 5 yrs. $17,500 <br />Laboratory Analysis $3,000/yr. 5 yrs $15,000 <br />TOTAL $47,500 <br />Retained Bond (@15%) $ 7,125 <br />Total Bond Reduction $40,375 <br />TR-54 Exhibit 19-8 (Revised 6/03) <br />• <br />