VIRGINIA CITY — Low operating costs, progress on debt reduction, strategic ventures and a stock split headlined Comstock Mining Inc.’s third-quarter report, announced Oct. 31 in a stakeholder conference call.
“Our third quarter was focused and productive as we progressed various strategic initiatives, especially the Joint Venture Option Agreement with Tonogold Resources, and consummated land and water sales at high values, and reduced debt,” said Corrado De Gasperis, Comstock executive chairman and CEO, in a statement.
Northern Nevada Business Week: Mining association presents reclamation awards
Special to the NNBW September 12, 2017
The 2017 Nevada Excellence in Mine Reclamation Awards highlighted the annual Nevada Mining Association Convention in South Lake Tahoe on Sept 9.
This year’s winners include:
Comstock Mining, Inc., which received an award for Abandoned Mine Lands Hazard Mitigation for their work in rebuilding of State Route 342 and reclamation of historic mine features near Gold Hill in the historic Comstock District in Storey County.
Kinross Bald Mountain Mine received an award for Concurrent Reclamation and Wildlife Habitat Restorationfor their work in mine site reclamation and mule deer migration corridor in White Pine County.
Newmont Mining Corporation received an award for Leadership in Conservation Planning for their work in developing the Conservation Framework Agreement, which covers 1.5 million acres of sage grouse habitat in Northern Nevada.
Newmont Exploration received an award for Concurrent Exploration Reclamation for their work at the Chevas and High Desert exploration projects in Elko County.
Elko Daily Free Press: Comstock Mining costs at all-time low
By Suzanne Featherston August 1, 2017
VIRGINIA CITY – Comstock Mining, the Nevada-based company that owns the property in the historic Comstock District near Reno, reported record-low costs and hinted at upcoming strategic ventures in third quarter results released Aug. 1.
The news comes in the wake of the company’s refinancing in January, followed by a year of activities designed to “enhance liquidity, accelerate mining activities and strengthen and grow land position and reduce costs,” said Corrado De Gasperis, executive chairman and CEO of Comstock Mining, in a news release.
With general and administrative costs down to $1.6 million, a cash balance of $1 million and long-term debt at $11.4 million, the company is proceeding cautiously.
This excerpt was published with permission granted by the Elko Daily Free Press. The entire article can be accessed at the following link: Read More
Seeking Alpha: Comstock Mining is Poised to Explode
By Jesse Donovan July 20, 2017
Comstock Mining has caught the attention of many investors recently because of the release of metallurgical yield testing from one its projects in Nevada which exceeded the company's expectations.
Comstock is poised to benefit from the location of its mining projects in Nevada, a state known for its mineral deposits and its policies which facilitate mining development.
Nevada is considered to be the most attractive jurisdiction in the United States to invest in mining exploration.
Comstock Mining's projects are located in strategic areas which will facilitate the transport of minerals if the company begins production.
Comstock Mining is in a comfortable financial position which should help the company develop its mining projects without needing to raise significant assets.
Comstock Mining (LODE) is poised to surge based on the convergence of several unique factors. The high metallurgical yields recently identified at the Dayton Resource Area coupled with the state of Nevada's location and mining-friendly policies substantially increase the likelihood that Comstock Mining will succeed in developing one or more lucrative mining projects. Investors searching for an asymmetric risk/reward opportunity should consider Comstock Mining.
This excerpt was published with permission granted by Seeking Alpha. The entire article can be accessed at the following link: Read More
Northern Nevada Development Authority Announces 2nd Certified Site; 98 Acre Industrial Site in Silver Springs NV
98 ACRE SITE AVAILABLE NOW FOR PURCHASE & DEVELOPMENT
AVAILABLE NOW FOR PURCHASE & DEVELOPMENT
98-acre site certified, shovel ready industrial property strategically located in direct vicinity of the world renowned Tahoe Reno Industrial Center as well as key U.S. highway transportation routes and adjacent to the airport in Silver Springs, Nevada. Northern Nevada Development Authority has uploaded a certified site information packet for this property at this link: http://www.nevadacertifiedsites.com/service/98-acre-commercialindustrial-site/