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Reclamation and Environmental (Tables)
3 Months Ended
Sep. 30, 2016
Environmental Remediation Obligations [Abstract]  
Changes to Asset Retirement Obligation

Changes to the Company’s asset retirement obligations for the three month period ended September 30, 2016 and the year ended June 30, 2016 are as follows:

 

 

 

Three Month Period

 

 

June 30, 2016

 

Balance at beginning of period

 

$

1,402,039

 

 

$

1,294,497

 

Accretion expense

 

 

34,322

 

 

 

147,992

 

Payments

 

 

 

 

 

(161,018

)

Change in estimate of existing obligation

 

 

 

 

 

120,568

 

Balance at end of period

 

$

1,436,361

 

 

$

1,402,039