Long-Term Reclamation Liability and Retirement Obligation Asset

6 Months Ended

Jun. 30, 2014

Following is a reconciliation of the aggregate reclamation liability associated with our reclamation plan for our mining projects:



	June 30, 2014		December 31, 2013
Long-term reclamation liability — beginning of period	$	5,424,410	$	4,597,156
Additional obligations incurred	—		531,770
Accretion of reclamation liability	171,943		295,484
Long-term reclamation liability — end of period	$	5,596,353	$	5,424,410

Following is a reconciliation of the aggregate retirement obligation asset associated with our reclamation plan for our mining projects:



	June 30, 2014			December 31, 2013
Retirement obligation asset — beginning of period	$	2,491,956		$	2,803,318
Additional obligations incurred	—			531,770
Amortization of retirement obligation asset	(502,810		)	(843,132		)
Retirement obligation asset — end of period	$	1,989,146		$	2,491,956