• Filing Date: 2017-03-31
  • Form Type: 10-K
  • Description: Annual report
v3.7.0.1
7. Asset Retirement Obligation
12 Months Ended
Dec. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]  
Asset Retirement Obligation

Changes to the Asset Retirement Obligation balance during 2016 and 2015 are as follows:

 

Asset Retirement Obligation      
   Balance December 31, 2014   $ 147,690  
   Accretion during 2015     5,137  
   Balance December 31, 2015     152,827  
   Accretion during 2016     5,455  
   Balance December 31, 2016   $ 158,282  

 

The Company’s total asset retirement obligation and accrued reclamation costs of $265,782 and $260,327, at December 31, 2016 and 2015, respectively, include reclamation obligations for the Idaho and Montana operations of $107,500.