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Comstock Mining, Inc. (LODE)

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Invest in American gold mining company with resources of over 3.2 million gold equivalent ounces on just 10% of explored land holdings in Nevada!

About Comstock Mining Inc.

Comstock Mining Inc. is a 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 surface mining production in 2012. The company is currently evaluating and planning for underground production to begin in 2017-18.

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. Auramet International Inc is the buyer of the gold and silver mined by Comstock Mining. The company mantains very low debt and is a prime target for acquisition.

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    NYSE TICKER SYMBOL (LODE)

Recent Drill Results Lucerne Underground
Comstock Mining Announces Best Intercepts and Widths To-Date
Lucerne Underground Intercepts 0.429 opt Au (14.72 g/t) 1.217 opt Ag (41.73 g/t) over 37 ft (11.2m) - See more at:
Comstock Mining Announces Additional High-Grade Intercepts and Succor Breakthrough
Intercepts 0.823 opt Au (28.23 g/t) over 36.5 ft. and separately 7.500 opt Ag (257.11g/t) over 5 ft. - See more at:
Comstock Mining Announces Additional High-Grade Gold and Silver Intercepts 
Intercepts 0.391 opt Au (13.39 g/t Au) and 1.635 opt Ag (56.06 g/t Ag) over 40 Feet! - See more at:
Comstock Mining Announces Multiple High-Grade Gold and Silver Intercepts
Intercepts 1.269 opt Au (43.50 g/t Au); and separately 7.100 opt Ag (243.40 g/t Ag); both over 5 Feet - See more at:

Recent Drill Results Dayton Resource Area
Of the 408 holes drilled, 245 contained intercepts of 10 feet or more in length with gold grades exceeding or equal to 0.015 ounces per ton (opt.), and with an overall weighted average grade of 0.035 opt Au and 0.323 opt Ag. Out of those same 245 holes, a total of 32 contained intercepts of 10 feet or more in length with an average Au grade exceeding or equal to 0.100 opt Au., and with an overall average weighted grade of 0.148 opt Au and 0.694 opt Ag (Table 2). - See more at:
Table1 and Table2 near the bottom of the page in this link.

Recent News Releases 





 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. 


                                                                                                                                                                                 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






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
E-mail: i[email protected]

 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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News News Alert: Comstock Mining Presenting at the 2017 Vancouver Resource Investment Conference 01/18/2017 06:11:09 PM
#20448  Sticky Note These are some impressive assays. The title is wshaw14 05/02/16 05:56:38 PM
#19868  Sticky Note LODE has 3.2 million gold equivalent oz on lester12483 01/30/15 08:34:33 AM
#21112   I will continue to watch from the sidelines wshaw14 01/18/17 01:53:01 PM
#21111   American Mining and tunneling are doing underground exploration lester12483 01/18/17 01:30:40 PM
#21110   Nice news. As I thought, the tunneling company wshaw14 01/17/17 11:50:08 PM
#21109   Comstock Mining Announces $10.7 million Strategic Refinancing. lester12483 01/17/17 06:34:29 PM
#21108   It's going to be interesting what Corrado says lester12483 01/05/17 07:13:42 PM
#21107   I am not speaking itt of LODE, but wshaw14 01/05/17 12:00:18 PM
#21106   You have to admit that's a very bullish lester12483 01/05/17 10:48:13 AM
#21105   I am still watching LODE but dont expect wshaw14 01/04/17 05:47:15 AM
#21104   2017 will be the year of volitility in lester12483 01/01/17 02:38:34 PM
#21103   Nice move up. It looks like we hit lester12483 12/27/16 04:41:02 AM
#21102   Comstock Mining has very little debt and are lester12483 12/14/16 10:20:59 AM
#21101   Looks like still no news. I will watch wshaw14 12/13/16 05:24:24 PM
#21100   Firstly it doesn't matter how many times you resourceinvest 12/06/16 10:38:30 AM
#21099   Sitting duck for a buyout!! lester12483 12/05/16 08:36:39 PM
#21097   Wow, what a turd!!! Haven't been here, and subsareme 12/01/16 11:47:11 PM
#21096   Not that I have anything against prayer, Double saildone 12/01/16 02:40:25 AM
#21095   This POS needs a lot more than prayers. DumpsterDiver 11/29/16 11:43:36 PM
#21094   Amen and amen. That and the AMT agreement saildone 11/22/16 09:34:23 PM
#21093   Why would anyone buy this POS when they DumpsterDiver 11/21/16 09:52:12 PM
#21092   Buyout coming? Too easy to scoop up this lester12483 11/20/16 06:27:14 PM
#21091   I just can't figure it any other way. realtorwsm 11/20/16 08:15:48 AM
#21090   Good use of your funds, letting them grow saildone 11/19/16 10:08:08 PM
#21089   Good use of your funds, letting them grow saildone 11/19/16 10:07:39 PM
#21088   The word progress cannot be used with this DumpsterDiver 11/19/16 10:00:17 AM
#21087   The progress of that other one is happening realtorwsm 11/17/16 09:43:50 AM
#21086   The progress of that other one is happening realtorwsm 11/17/16 09:27:49 AM
#21085   I don't know about the progress reports. saildone 11/17/16 04:03:02 AM
#21084   Waiting for a buyout. With low debt and lester12483 11/16/16 08:11:11 PM
#21083   Just checking in to see if LODE is wshaw14 11/15/16 10:25:27 PM
#21082   Who would send it to sub-penny...if the realtorwsm 11/12/16 12:23:11 PM
#21081   Are we at risk of this being delisted/removed resourceinvest 11/10/16 01:00:14 PM
#21080   Not much longer here before it's BK or DumpsterDiver 11/10/16 12:10:04 PM
#21079   Thanks. Good luck to you as well. saildone 11/04/16 10:54:58 AM
#21078   Rats jumping ship? DumpsterDiver 11/03/16 05:55:42 PM
#21077   Today's announcement that Bob Kopple has resigned as resourceinvest 11/03/16 01:15:18 PM
#21076   You are correct, I let it get the DumpsterDiver 11/03/16 02:06:51 AM
#21075   Stuckholders. Good one. saildone 11/02/16 09:22:39 PM
#21074   Low debt, perfect time for an acquisition by lester12483 11/02/16 11:31:14 AM
#21073   Where else can one go here? Selling at DumpsterDiver 10/31/16 09:19:39 PM
#21072   And yet. . . . here ye be. saildone 10/31/16 08:44:53 PM
#21071   Nanotechnology pipe dream, it all goes back to DumpsterDiver 10/31/16 10:16:47 AM
#21070   So, I have been learning a bit about saildone 10/29/16 11:46:52 PM
#21069   Yes, it could be the institutions selling that saildone 10/28/16 07:20:37 AM
#21068   Hopium isn't eternal, and too much blinds you DumpsterDiver 10/28/16 01:39:06 AM
#21067   we need a larger company to buy us flyboy8 10/27/16 02:36:02 PM
#21066   What grades are expected from the underground mining Belgie24 10/26/16 10:17:41 PM
#21065   The company has very little debt. Perfect for lester12483 10/26/16 09:43:30 PM
#21064   By the time I visited the site, he saildone 10/26/16 05:04:38 PM
#21063   Won't be anything left to sue, they will DumpsterDiver 10/26/16 01:11:46 PM
#21062   Class action coming. resourceinvest 10/26/16 12:42:40 PM