Comstock Mining Inc

Pure Comstock Silver Nevada Sesquicentennial Medallion This limited edition medallion commemorates Nevada’s Sesquicentennial and is the first substantial minting of Comstock Silver since the Carson City Mint closed in 1893.
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Pure Comstock Silver Nevada Sesquicentennial Medallion
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Comstock Mining Inc
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: 

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