Do I need to provide financial assurances for my operation once it is approved?

Yes… SMARA requires that each operator provide financial assurances for reclamation of the entire operation in accordance with the approved Reclamation Plan. The assurance is to be in the amount that covers the County’s cost for reclaiming the mine site in the unlikely event that you are unable to complete reclamation. Financial assurances may be in the form of surety bonds, irrevocable letters of credit and certificates of deposit. The financial assurance is to be established and approved prior to initiating operations and is required to undergo a review by the County every year.