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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

 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
Bid Ask Day's Range
News News Alert: Amended Statement of Ownership (sc 13g/a) 02/12/2016 11:32:38 AM
#19868  Sticky Note LODE has 3.2 million gold equivalent oz on lester12483 01/30/15 08:34:33 AM
#20287   Noticed same action with Mexus' gold. Lack of realtorwsm 02/12/16 09:59:39 PM
#20286   Anyone know what happened for this to drop stocktrader1 02/12/16 06:35:10 PM
#20285   The 1203 breakout level proved rightNow$1250 geodan 02/11/16 11:27:57 AM
#20284   Then pilling back on driving price from .55 realtorwsm 02/11/16 10:38:48 AM
#20283   Shorts are covering!! realtorwsm 02/11/16 10:35:48 AM
#20282   I perhaps MXSG will be there someday. If realtorwsm 02/10/16 08:08:01 PM
#20281   Funny thing, its 6th most bullish stock today geodan 02/10/16 07:10:49 PM
#20280   Sweet...I'm maxed out with speculatives. But thanks for realtorwsm 02/10/16 06:44:29 PM
#20279   Indeed positive in all 4 Time Frames geodan 02/10/16 06:37:36 PM
#20278   Lode has a more promising rating than RIG, realtorwsm 02/10/16 08:08:51 AM
#20277   Review the 6 month chart on Lode....looks realtorwsm 02/08/16 10:45:12 AM
#20276   O man missed by .4950 ask and had realtorwsm 02/08/16 09:50:18 AM
#20275   You do not appear to be a pro geodan 02/07/16 04:19:34 PM
#20274   Not short, lost enough already. Retraining myself and DumpsterDiver 02/07/16 04:15:09 PM
#20273   Gold Inventory charts, wow! geodan 02/07/16 04:09:20 PM
#20272   Okay so then are your short these stocks geodan 02/07/16 03:58:29 PM
#20271 Trade and close above the resistance, breakout, a realtorwsm 02/06/16 09:16:29 PM
#20270   Good post! realtorwsm 02/06/16 06:20:37 PM
#20269   You're wasting time trying to convince me of realtorwsm 02/06/16 06:19:06 PM
#20268   I didn't hate them to begin with, only DumpsterDiver 02/06/16 04:37:38 PM
#20267   The US Federal Reserve will not allow the lester12483 02/06/16 03:45:00 PM
#20266   Indeed Lester, negative interest rates makes buying gold geodan 02/06/16 03:14:18 PM
#20265   Dumpster-LODE up 15% GDX+5.5%, so LODE went up geodan 02/06/16 03:06:10 PM
#20264   Even as the tech sector collapsed and investors DumpsterDiver 02/06/16 02:14:54 PM
#20263   Negative interest rates in Japan is going to lester12483 02/05/16 08:57:53 PM
#20262   Close but name not same: George Wingfield geodan 02/05/16 08:34:10 PM
#20261   Thanks.. realtorwsm 02/05/16 08:11:37 PM
#20260   Realtor I am not sure what are you TMLonggun 02/05/16 07:36:03 PM
#20259   Thanks TM, Is Winfield of famed Nevada geodan 02/05/16 07:16:33 PM
#20258   It's under "Marketable Securities". The lesson is...and I'm realtorwsm 02/05/16 07:06:08 PM
#20257   Geo if you're bored check out the other TMLonggun 02/05/16 06:37:32 PM
#20256   This is definitely a "back up the truck" realtorwsm 02/05/16 04:33:44 PM
#20255   The company has had its set backs but realtorwsm 02/05/16 04:23:06 PM
#20254   $.4935 15% gain, about time it was noticed. geodan 02/05/16 04:20:46 PM
#20253   Bam! LODE+11%, Gold breakout+Value driving it IMHO geodan 02/05/16 03:26:53 PM
#20252   1158 July Gold, breaks downtrendline. LODE.44 starting to geodan 02/05/16 12:49:08 PM
#20251   Are you in it realtor because you know geodan 02/05/16 12:47:47 PM
#20250   After listening to CC by CEO, Free Mine geodan 02/05/16 12:46:39 PM
#20249   Ditto! realtorwsm 01/28/16 11:11:51 AM
#20248   ComstockAdditional High-Grade Gold and Silver InterceptsIncluding 0.391 Opt geodan 01/28/16 11:09:52 AM
#20247   Well you can't deny that they good and realtorwsm 01/28/16 08:41:31 AM
#20246   You are incorrect, I have not sold a Belgie24 01/28/16 08:07:38 AM
#20245   Earnings Report is out and Comstock beats by realtorwsm 01/28/16 08:02:34 AM
#20244   I maybe incorrect but it sounds like you realtorwsm 01/28/16 07:32:14 AM
#20243   This guy saying MXSG is about to sign Belgie24 01/27/16 10:08:41 PM
#20242   I'm hearing MXSG soon to finalize & announce realtorwsm 01/27/16 08:22:50 PM
#20241   chart looks decent, nice flat base geodan 01/27/16 07:20:02 PM
#20240   Yea I don't know what motivates that guy realtorwsm 01/26/16 06:58:31 PM
#20239   Answered my own question on Dumpsters posts. geodan 01/25/16 06:11:53 PM
#20238   You are welcome Realtor. Lode has some geodan 01/25/16 06:05:10 PM