ASSET RETIREMENT OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 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 year	$	4,498,057
Additions and changes in cash flow estimates	584,025
Costs incurred	(933,897		)
Accretion expense	194,870
Reserve for future restoration and reclamation costs, end of period	$	4,343,055