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OTHER LONG-TERM LIABILITIES AND DEFERRED CREDITS (Tables) | 12 Months Ended
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Dec. 31, 2012
OTHER LONG-TERM LIABILITIES AND DEFERRED CREDITS |
Schedule of other long-term liabilities and deferred credits |
|  | December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
Reserve for future restoration and reclamation costs (Asset Retirement Obligations), net of current portion of $1,160,000 and $1,227,000 in 2012 and 2011, respectively. (Note 2) |  | $ | 3,337,679 |  | $ | 3,508,634 |
Royalties payable |  |  | 500,000 |  |  | 500,000 |
|  | $ | 3,837,679 |  | $ | 4,008,634 |

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