ASSET RETIREMENT OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 2012

ASSET RETIREMENT OBLIGATIONS

Schedule of change in the balance of the restoration and reclamation liability

Reserve for future restoration and reclamation costs beginning of period	$	4,735,759
Additions and changes in cash flow estimates	656,859
Costs incurred	(879,269		)
Accretion expense	46,743
Reserve for future restoration and reclamation costs at end of period	$	4,560,092