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<br />ANNUAL REPORT
<br />INSTRUCTIONS
<br />According to C.R.S. 34-3?-I 16(3), and C.R.S. 34-32.x-116(3)(a), on [he anniversary date of the perrnit each year.
<br />the operator shall submit a report and a map showing the extent of cunt nt disrrrbances to affected land,
<br />reclamation accomplished [o date and during the preceding year, new d'sturbances that are an[icipated'ro occur
<br />during the upcoming year, and reclamation [hat will be performed during the upcoming year. Please attach such
<br />a report and map to enclosed annual report form. (An adequately Iabe]E d map that clearly delineates and includes
<br />the above elements may suffice for a written report.)
<br />If your operation is subject to the provisions of Temporary Cessation as defines in the .4ct and Rules, you must
<br />provide with the Annual Report the following information as required by 2 CC R 407-1, 407-4, and Rules
<br />1.13.7(1)(x): i
<br />(i) the 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 they are I art of ~~our approved application; and
<br />(iii) plans for resumption of mining operations.
<br />Please provide the additional following information with your Annual F,eport, as applicable:
<br />(a) Per the requirements of 2 CCR 407-1, 407-4, and Rules 1. IS(I), provide an updated statement
<br />regarding the sufficiency of the value of the Financial Warranty, specs: ically:
<br />(i) Per the requirements of 2 CCR 407-I, 407-4, and F:ules 1 15(1)(x), provide an updated
<br />staterrfent regarding the sufficiency of the value of the financis,l warranty. Specifically,
<br />irrevocable letters of credit, Deeds of Trust, and security agreements, self-insurance, salvage
<br />credit, and firs[ priority liens on project related fixtures.
<br />(ii) Per the requirements of 2 CCR 407-1, 407-4, and Flules L IS(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 an}' 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 i astrum.nts. The report shall also provide
<br />proof that there are no past-due property taxes.
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<br />(i) Per the requirements of 2 CCR 407-I, 407-4, and F,ules 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 Accogntant, jemonstrating that the Letter of
<br />Credit does no[ exceed ten percent (1090) of the bank's :apical surplus accounts.
<br />(ii) Per the requirements of 2 CCR 407-1, 407-4, and F,ules 4.9.3(c), permits secured by a First
<br />Priority Lien on any fixtures and Equipment, the operator shal. 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 I.I'i(1)(c), all monitoring information
<br />required as part of the approved permit application, to include the Env: ronmental Protection Plan. (Please
<br />note [hat if you are no[ a Designated Mining Operation, you wild no[ have an Environmental Protection
<br />Plan as part of your approved permit.)
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