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<br />ANNUAL REPORT
<br />INSTRUCTIONS
<br />
<br />According to C.R.S. 34-32-I 16(3), and C~R,S. 34-32.d-I 16(3)(x), on the anniversary date of the permit each year,
<br />the operator'sh'all submit a repori and a map sfjrovvin~ the extent of currenrdisturbarices to affected land,
<br />reclamation accomplished to date and dt~rinadhe-preceding year, new disturbances that are anticipated to occur
<br />during the upcoming year, and reblamation that will be performed during the upcoming year. Please a[tach such
<br />a report and map to enclosed annual reporc form. (An adequately labeled map that clearly delineates and includes
<br />the above elements may suffice for a written report.)
<br />If your operation is subject to [he provisions of Temporary Cessation as defined in the Act and Rules, you must
<br />provide with the Annual Report the following information as required by 2 CCR 407-1, 407-4, and Rules
<br />1.13.7(I)(a):
<br />(i) [he condition 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 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 updated statement
<br />regarding the sufficiency of the value of the Financial Warranty, specifically:
<br />(i) Per the requirements of Z CCR 407-I, 407-4, and Rules 1.15(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 Trust, and security agreements, self-insurance, salvage
<br />credit, and first priority liens on project related fixmres.
<br />(ii) Per the requirements of 2 CCR 407-I, 407-4, and Rules 1.15(I)(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 Security agreement,
<br />and the value of the property subject to ei[>~of these instrtim~nts. The report shall-also provide
<br />proof that there are no past-due property taxes.
<br />(i) Per the 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, demonstrating that the Letter of
<br />Credit does not exceed ten percent (1090) 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 report in sufficient
<br />detail to fully describe the condition, value, and location of all pledged fixtures and equipment.
<br />(b) Per the requirements of 2 CCR 407-1, 407-4, and Rules 1.15(1)(c), all monitoring information
<br />required as part of the approved permit application, to include the Environmental Protection Plan. (Please
<br />note that if you are no[ a Designated Mining Operation, you will not have an Environmental Protection
<br />Plan as part of your approved permit.)
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