ASSET RETIREMENT OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2013

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	$	4,498,057
Additions and changes in cash flow estimates	272,667
Costs incurred	(489,153		)
Accretion expense	97,435
Reserve for future restoration and reclamation costs at end of period	$	4,379,006