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12. Commitments and Contingencies
 12 Months Ended
Dec. 31, 2012
Commitments And Contingencies  
Commitments and Contingencies

In 2005, AM signed an option agreement that gives AM the exclusive right to explore and develop the San Miguel I and San Miguel II concessions for an annual payment of $50,000, and an option to purchase payment of $100,000 annually.  Total payments will not exceed $1,430,344, reduced by taxes paid.  During the years ended December 31, 2012, 2011, and 2010, $86,956, $186,956, and $186,956, respectively, was paid or accrued and capitalized as mineral rights in accordance with the Company’s accounting policies.

 

From time to time, the Company is assessed fines and penalties by the Mine Safety and Health Administration (“MSHA”).  Using appropriate regulatory channels, management may contest these proposed assessments, and has accrued $0 and$27,503 in other accrued liabilities as of December 31, 2012, and 2011, respectively, related to these settled claims.