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ANNUAL REPORT
<br />INSTRiICTIONS
<br />According to C.R.S~11~Q (3 d ~. 34-325-1 16(3)(a), on the anniversary dare of the permit each year,
<br />the operator shall s mrtia [t nip showing the extent of current disturbances ro affected land.
<br />reclamation accom f~t a duneeg_the preceding year, new disturbances that are anticipated to occur
<br />dutins; the upcoming year, an rec a~rya[iori't15at will be performed during the upcoming year. Please attach such
<br />a report and map to enclosed annual report form. (An adequately labeled map that clearly delineates and includes
<br />the above elements may suffice for a written report.)
<br />[f your operation is subj Ict to the provisions of Temporary Cessation as defined in the Act and Rules, you mus[
<br />provide with the AnnualiReport [he following information as required by 2 CCR 407-1, 407-4, and Rules
<br />1.13.7(I)(a):
<br />(i) the conditioi of the operation at the time of cessation;
<br />(ii) what specific measures have been and will be implemented to comply with reclamation, performance
<br />standards and I:nvironm~ntal Protection Plan requirements, if they are part of your approved application; and
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<br />(iii) plans for resumption of mining operations.
<br />Please provide the additional following information with your Annual Report, as applicable:
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<br />(a) Per the requirements of 2 CCR 407-1, 407-4, and Rules I.15(I ), provide an updated statement
<br />regarding the sufficiency of [he value of the Financial Warranty, specifically:
<br />(i) Per~the requirements of 2 CCR 407-I, 407-4, and Rules 1.1 ~(1)(a), provide an updated
<br />statement regarding the sufficiency of the value of the financial warranty. Specifically,
<br />irrevocable letters of credit, Deeds of'frust, and security agreements, self-insurance, salvage
<br />credit, and firs[ priority liens on project related fixtures.
<br />(ii) Perlthe requirements of 2 CCR 407-1, 407-4, and Rules 1.15(1)(b), permits secured with a
<br />Deed of Trust or a Security Agreement, the operator shall submit an update, by a qualified
<br />independent appraiser, indicating any changes in property value, and a statement summarizing
<br />any circumstances which may affect the adequacy of the Deed of Trust, or Securiry,agreement,
<br />-- --and they value of the property subject to either of these instruments. The report shall also provide
<br />proof that there are no past-due property taxes.
<br />(i) Per the requirements of 2 CCR 407-I, 407-4, and Rules 4.7(3), permits secured with an
<br />Irrevocable Le[[er of Credit, the operator shall have the bank provide documentation in the form
<br />of a balance sheet, certified by a Certified Public Accountant, demonstrating that the Letter of
<br />Credit does not exceed ten percent (10%o) of the bank's capital surplus accounts..
<br />(ii) Pei the requirements of 2 CCR 407-1, 407-4, and Rules 4.9.3(c), permits secured by a Firs[
<br />Priority Lien on any fixtures and Equipment, the operator shall provide a report in sufficient
<br />detail to fully describe the condition, value, and location of all pledged fixtures and equipment.
<br />(b) Per the req erements of 2 CCR 407-1, 407-4, and Rules I.1~(I)(c), all monitoring information
<br />required as par{ of the approved permit application, to include the Environmental Protection Plan. (Please
<br />note that if you are not a Designated Mining Operation, you will not have an Environmental Protection
<br />Plan as part of your approved permit.)
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