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• ANNUAL REPORT
<br />INSTRUCTIONS
<br />According to C.:R.S. 34-32-I 16(3), and C.R.S. 34-325-I 16(3)(aj, on the anniversary date of tFe permit each year.
<br />the operator shall submrt a repots and a map showing the extern of currem disturbancea to affected land,
<br />reclamation accomplished to date and during the preoatling year, new disturbances that are anticipated to occur
<br />Burin.; the upcoinin_ year, and reclamation that will be performed during the upcoming year. Please attach such
<br />a report and map to enclosed annual report form. (Ar. adequately labeled map that clearly deli [cares and includes
<br />the alcove elements may suffice for a written reporc.)
<br />If your operation is subject to the provisions of Temporury Cessation as defined in tht: Act and Rules, you must
<br />provide with the. Annual Report the following information as required by 2 CCR 407-I, 407-4, and Rules
<br />1.13.7(I)(a):
<br />(i) the condition of the operation at the time of cessation;
<br />(ii) who[ specific measures have been and will be implemented to comply with reclanta[ion, performance
<br />standards and Environmental Protection Plan requirements, if [hey are part of your approved application; and
<br />(iii) plans for resumption of mining operations.
<br />Please provide the additional following information with your Annual Report, as applicable:
<br />(a) Per the requirements of 2 CCR 407-1, 407-4, and Rules 1.15(1), provide an upd.tted statement
<br />regazding the sufficiency of the value of the 1?financial Warranty, specifically:
<br />(i) Per the requirements of Z CCR 407-1, 407-4, and Rules I.15(1)(a), provi;ie an updated
<br />statement regarding the sufficiency of the value of the financial warranty. Sp::cifically,
<br />irrevocable letters of credit, Deeds of Trust, and security agreements, self-inst.rrance, salvage
<br />credit, and first priority liens on project related fixtures.
<br />(ii) Per the requirements of 2 CCR <107-1, 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, sty 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 Security agreement,
<br />and the value of the property subject to either of these instruments. The report shall also provide
<br />_ -_ - _ proof that there are no past-due propety [axes. -
<br />(i) Per [he requirements of 2 CCR 407-1, 407-4, and Rules 4.7(3), permits secured with an
<br />Irrevocable Letter of Credit, the operator shall have the bank provide documentation in the form
<br />of a balance sheet, certified by a Certified Public Accountant, demonsmating that the Letter of
<br />Credit does not exceed ten percent (10%a) of the bank's capital surplus accounts.
<br />(ii) Per the requirements of 2 CCR 407-1, 407-4, and Rules 4.9.3(c), permits secured by a First
<br />Priority Lien on any fixtures and Equipment, the operator shall provide a rep,rrt in sufficient
<br />detail to fully describe the conditior„ value, and location of all pledged fixtur~:s and equipment.
<br />(b) Per the requirements of 2 CCR 407-1, 407-4, and Rules l.li(1)(c), all monitoring information
<br />required as part of [he approved permit application, to include the Environmental Prctection Plan. (Please
<br />note [fiat if you are not a Designated Mining Operation, you will not have an Environmental Protection
<br />Plan as pan of your approved permit.)
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