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Comstock Mining, Inc. (LODE)

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 Comstock Mining Inc.    NYSE TICKER SYMBOL (LODE)

 * Invest in a profitable American gold mining company with 3.2 million+ gold equivalent ounces on just 10% of explored property !





Comstock Mining Announces Listing on NYSE Amex : Ticker (LODE)

Jun 8, 2011 16:10:00 (ET)
VIRGINIA CITY, Nev., June 8, 2011 /PRNewswire via COMTEX/ -- Comstock Mining Inc. (the "Company") announced today that its common stock has been approved for listing on the NYSE Amex LLC ("NYSE Amex"). The Company's common stock is expected to begin trading on NYSE Amex under the symbol "LODE" on Friday, June 10, 2011. 

"We welcome Comstock Mining, Inc. to the NYSE Euronext family of listed companies and to NYSE Amex," said Scott Cutler, Executive Vice President, NYSE Euronext. "Comstock and its shareholders will benefit from superior market quality and technology, a broad array of issuer and investor services, and a global brand association. We look forward to building a strong and lasting partnership with the Company and its shareholders." 

The Company received its initial clearance letter on May 26, 2011, completed certain administrative tasks, including interviewing and selecting J. Streicher & Co., LLC as its Designated Market Maker, and final acceptance for listing on June 8. 

"Our clearance and acceptance onto the NYSE Amex marks a key objective of our corporate strategic plan. We believe this listing will raise our investment profile among a broader range of investors, improve our stock liquidity and increase our visibility with current and potential investors. We are extremely pleased to be a part of the NYSE Amex and affirm our commitment towards the highest level of corporate governance for our shareholders," said Corrado De Gasperis, the Company's President and Chief Executive Officer. 




                                                                                                                   Dayton Drilling Finds Highest Grade Mineralization To Date

Results Include One Ounce-Plus Intercept in Hole D11-21


10 feet (3.05 m) grading 1.121 ounces per ton (38.39 g/tonne) gold and 2.279 ounces per ton (78.05 g/tonne) silver, contained in an interval of 135 feet (41.15 m) grading 0.218 ounces per ton (7.47 g/tonne) gold and 0.685 ounces per ton (23.46 g/tonne) silver.

     Comstock Mining Announces Improved, Lower Cost Revolving Credit Facility

Virginia City, NV (February 14, 2014) Comstock Mining Inc. (the “Company”) (NYSE MKT: LODE) announced today that it has entered into a new, lower cost $5 million revolving credit facility (the “Revolving Credit Facility”) with Auramet International, LLC (“AIC”), pursuant to which the Company may borrow up to $5 million outstanding at any one time. The proceeds of the Revolving Credit Facility will be used for working capital, including production ramp up and preparations for expansion of the Lucerne Mine, including targeted drilling on the east side of the Lucerne resource area.

“This financing is consistent with our business plans as we accelerate our mining plan in Lucerne West and prepare for expansion and development drilling of Lucerne East. It is gratifying that our progress to date results in more efficient, flexible capital resources for growing our company and its resource base,” stated Corrado De Gasperis, President & CEO of the Company.

On February 12, 2014, the Company drew down $4.6 million dollars. The Revolving Credit Facility will be repaid through 14 semimonthly cash payments of $357,143 beginning August 8, 2014, and ending February 6, 2015.

“This new facility reflects Comstock’s established production and encouraging growth profile. Auramet is very pleased with the evolution of this business relationship, and the efficient growth that this facility enables,” stated James V. Verraster, III, President and CEO of Auramet.

Comstock Mining: Rich History, Even Brighter Future - October 27, 2014

Comstock Mining Announces 2014 Year End Results - January 29, 2015 NEWS



2015 Outlook

Under our current mine plan, we anticipate doubling the rate of ounces produced when compared to 2013, for both gold and silver, targeting an annual production rate of 40,000 gold equivalent ounces. These increases come with lower costs applicable to mining due to focused cost reduction efforts, as well as lower non-mining operating expenses. Once stabilized at the 40,000 ounce per annum run rate, the operating expenses per ounce mined will be significantly lower. 

The Company expects cash costs per ounce of gold mined of less than $750 and an all in sustaining cash cost of $1,050. The Company updated its financial analysis for the Lucerne Mine and anticipates annual operating expenses, including all mining and processing costs, of less than $24 million per annum, a more than a $7 million reduction over prior year 2013. The Company has also identified $3.5 million of cost reductions in all other non-mining activities, including general and administrative.

Mr. De Gasperis concluded, "Our fourth quarter mine plan is significantly enhanced, with continued good grades, lower strip ratios, lower variation and lower costs. We expect to be cash positive from operations and after capital expenditures in the fourth quarter, our most important measurement. The recent geological expansions and modeling into the east side of Lucerne coupled with the recent permit expansions over that area, position the Company extremely well for continued growth in 2015."

- CEO Corrado DeGasperis



Comstock Mining Inc.

Pure Comstock Silver Medallion


Scott Jolcover, Comstock Mining’s Director of Business Development, proudly presenting Nevada Governor Brian Sandoval Comstock Mining’s  # 1864  ( year Nevada became the Silver State ) 150th Anniversary Medallion made from .9999 Pure Certified Comstock Silver from Comstock Mining’s facility in Gold Hill, Nevada, to be displayed for the State of Nevada on the Governor’s desk.


About Comstock Mining Inc.

Comstock Mining Inc. is a producing, Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. 

The Company continues acquiring additional properties in the district, expanding its footprint and creating opportunities for further exploration, development and mining. The near term goal of our business plan is to deliver stockholder value by validating qualified resources (measured and indicated) and reserves (proven and probable) of at least 3,250,000 gold equivalent ounces from our first two resource areas, Lucerne and Dayton, achieve initial commercial mining and processing operations in the Lucerne Mine with annual production rates of approximately 40,000 gold equivalent ounces and significantly grow the commercial development of our operations through coordinated, district wide plans that are economically feasible and socially responsible. As of January 1, 2015 the company employs around 130 people. Auramet International Inc is the buyer of the gold and silver mined by Comstock Mining.

Comstock Lode History

The Comstock lode district is profoundly historic in that over 400 companies were once involved in a booming mining supply chain, with over 230 mills operating in the district. The area produced almost 200 million ounces of silver and over 8 million ounces of gold in the late 1800s and early 1900s. It was cosmopolitan in a very big way, with the establishment of Virginia City, Silver City and Gold Hill. Nevada and the Comstock played a meaningful role in the Union winning the Civil War, and that facilitated statehood for the Nevada territory.

The boom turned to bust when the old timers stopped mining, and because the claims were so fragmented it was difficult for modern techniques to get traction. There has been some form of mining on the Comstock lode every decade since then, but it wasn’t until we started consolidating the claims in the district that a true, sustainable return to modern mining proved possible.

Since 2003, we have consolidated over 8,000 acres of land, all under one company, representing over 10 square miles. I think that’s what’s most unique — that we are the first company to truly consolidate substantially all of the Comstock under one roof.

Coincidently, we started consolidating all of the available historic data. There’s been so much history and so much previous activity, but it was never effectively consolidated or coordinated. We were able to build on that, combining the history with additional modern techniques like geophysical data analysis, metallurgical analysis, current surface mapping data and prior drill data all into one three-dimensional, geostatistical model. Those efforts resulted in a significantly longer definition of the district, at least for the mineralized strike, from over to 2 miles to almost 6 miles in length, and ultimately, to new discoveries in the center and the southern parts of the district.

- CEO Corrado DeGasperis

Comstock Mining Company Overview:

Contact information for Comstock Mining Inc.
P.O. Box 1118
Virginia City, Nevada 89440

Main: 775.847.5272
Investors: 775.847.0545
Fax: 800.750.5740

Corrado De Gasperis, President, CEO


$94,500,000 market cap as of January 19, 2015
85,000,000 shares outstanding as of January 19, 2015
3,950,000,000 shares authorized

July 9, 2014 share price: $1.59

September 30, 2014 share price: $1.21

  Cost to mine 1 oz of gold.

 Independent Analysis:

Bob Moriarty, 321gold (10/29/10)

"Where over 400 different mining companies once fought to extract high-grade silver and gold ore from the Comstock Lode in Virginia City, Nevada, one company exists today. . .Comstock Mining. Catchy name and no one is going to forget it anytime soon. This company is going to be the Diamond Fields of Voisey's Bay fame. That was the giant find in 1993 that lit the market on fire. The project was sold in 1996 for $4.3 billion. This is the big Kahuna. This is the company that is going to ignite the junior market in this cycle. It will be sold for a lot more than $4.3 billion when it hits the auction block.

Comstock Mining is going to change the mining business in the United States and North America. Maybe the world. John Winfield is self-made. He's rich already and he's not married to doing things the way they have always been done. I went to meet him and his team. He had never heard of either Diamond Fields or Voisey's Bay. That's a good thing. He can think for himself. . .I love the company. This is going to totally change investing in gold and silver stocks. It's a real mining company run by real mining people and it's going to make a lot of people rich."

   Andy Hoffman, Travel Dispatch (03/07/11)

"Comstock Mining has done what most industry observers thought impossible-consolidate claims from one of the most famous silver and gold discoveries in history with over 6,500 acres of property. . .and from what I saw, it would come as no surprise if the activity of the late 1800s Comstock silver and gold rush repeats over the next decade and beyond, only this time with ONE COMPANY controlling the ENTIRE DISTRICT utilizing modern mining methods and management."


 Roger Wiegand, Trader Tracks (11/30/10)

"We just read Robert Moriarty's review of Comstock Mining Inc. We do not normally recommend OTCBB shares but this is an exception. . .visit to read Bob's fine report, Rebirth of the Comstock Lode.

Comstock Mining is trading this morning at about US$3.27. There are 18.9M shares outstanding (90M upon a conversion). . .We have wondered for many years as to why this mining camp had not been reopened. The 321gold story will explain why. Primarily, the property was tied up in extended litigation for many years but has now been resolved. 

We recommend buying the shares for the longer view and do not expect to recommend trading in and out on this one for numerous reasons. That could change, but we don't think so. We recommend buying the shares with no stops. Tuck this one away for the primary upside in the gold, silver and commodities cycle that we think will last many more years."


 Live New York Gold Chart [Kitco Inc.]
Live New York Silver Chart [ Kitco Inc. ]

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Current Price
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Option Chain for LODE
#19868  Sticky Note LODE has 3.2 million gold equivalent oz on lester12483 01/30/15 08:34:33 AM
#19556  Sticky Note ACTUAL ARTICLE FROM COMSTOCK SITE. :-) LODE MAKING ME RICH 09/03/14 05:15:02 PM
#20074   Large institutional investors are still increasing their share lester12483 06/23/15 06:30:42 AM
#20073   Still holding my shares and not selling LODE MAKING ME RICH 06/23/15 01:04:24 AM
#20072   Ditto! Good Post! realtorwsm 06/22/15 07:25:45 PM
#20071   My hope is they will show sustained profitability lester12483 06/22/15 07:26:00 AM
#20070   This junior miner is mining shareholders, nor ore. DumpsterDiver 06/22/15 12:18:19 AM
#20069   OK let's try it another way: LODE Belgie24 06/21/15 10:46:58 PM
#20067   Sorry, billionaires are way too smart to even DumpsterDiver 06/21/15 08:36:58 PM
#20066   Or some billionaire buys the mine. Could happen. lester12483 06/17/15 12:36:48 PM
#20065   Of course this would change the Ball Game realtorwsm 06/16/15 08:53:11 AM
#20064   No argument there. I noticed the same realtorwsm 06/12/15 07:27:34 AM
#20063   If you look at SEC filings, major investment lester12483 06/12/15 07:07:13 AM
#20062   Well not entirely... Hedge fund mgn still obligated realtorwsm 06/11/15 03:57:05 PM
#20061   Very large profits for LODE will come when lester12483 06/11/15 12:33:05 PM
#20060   Really, they had a 3 million sneaky write DumpsterDiver 06/10/15 10:47:15 AM
#20059   I predict a small profit again as the lester12483 06/10/15 10:33:05 AM
#20058   Sorry, this train derailed at route 435. What DumpsterDiver 06/09/15 09:24:40 AM
#20057   Buy now before this train leaves the station. lester12483 06/09/15 08:00:18 AM
#20056   Yep, nothing wrong here, lmao. Who wants the DumpsterDiver 06/08/15 02:48:33 PM
#20055   Sorry, not a webmaster, just a realist. Gasbag DumpsterDiver 06/05/15 12:44:13 PM
#20054   Lester this guy is one of the web realtorwsm 06/05/15 10:46:28 AM
#20053   The company is well managed and mining costs lester12483 06/05/15 07:57:14 AM
#20052   Now if someone could fix the company. Can't DumpsterDiver 06/04/15 08:23:31 PM
#20051   Hurrah for that! realtorwsm 06/02/15 07:53:25 PM
#20050   ROAD IS FIXED !! lester12483 06/02/15 06:34:42 PM
#20048   99.99% rickybobby34 05/26/15 11:49:08 AM
#20047   Anyone know what percentage of the company is baystock1 05/24/15 12:23:45 AM
#20046   Doing everything right? Like mining at a loss. DumpsterDiver 05/22/15 11:14:23 AM
#20045   The time to invest is now. This train lester12483 05/21/15 07:31:09 AM
#20044   If the company came out with more news lester12483 05/19/15 11:38:30 AM
#20043   1 OUNCE OF GOLD = $35 Congo Mining 05/19/15 11:10:01 AM
#20042   the company has potential and will grow as flyboy8 05/18/15 10:46:07 AM
#20041   Not short, just stuck in a company ran DumpsterDiver 05/15/15 04:42:56 PM
#20038   Gold and Silver prices are creeping upward as lester12483 05/14/15 08:10:58 AM
#20035   They haven't showed the first one yet. DumpsterDiver 05/13/15 09:34:29 AM
#20034   When they show a 2nd consecutive quarter of lester12483 05/13/15 08:44:24 AM
#20033   Not profitable, it's a paper shuffling lie. They DumpsterDiver 05/13/15 02:41:25 AM
#20032   Great Post! realtorwsm 05/12/15 06:52:31 PM
#20031   Keep in mind it takes time and a lester12483 05/12/15 02:31:57 PM
#20030   So everything is just great? TMLonggun 05/12/15 02:04:23 PM
#20029   You do know that the NYSE MKT exchange lester12483 05/12/15 01:29:18 PM
#20028   Still listed? Don't guess it will be much DumpsterDiver 05/12/15 01:05:24 PM
#20027   Isn't a write off a perfectly legal business expense? lester12483 05/11/15 02:28:12 PM
#20026   Claiming profits due to a writeoff is a DumpsterDiver 05/11/15 01:39:39 PM
#20025   The company is already profitable. Where have you been? lester12483 05/11/15 01:12:52 PM
#20024   Looks like .50 will happen before these morons DumpsterDiver 05/11/15 12:01:23 PM
#20022   Investors gathering at the mine this week! May lester12483 05/05/15 02:19:42 PM
#20021   A lot of premarket buying and selling going realtorwsm 04/29/15 08:48:10 AM
#20020   They don't care about de-listing. Probably saves them DumpsterDiver 04/28/15 08:57:37 AM
#20019   Low volume = people holding. No big institutional lester12483 04/27/15 01:59:00 PM
#20018   You are Hopeless! realtorwsm 04/26/15 03:32:37 PM