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Comstock Mining Inc are a gold focused junior near-term producer with one mine in development in USA. They have approximately 3Moz. of gold in the reserves and resources category of which 2Moz. are in the measured and indicated category. They have a market capitalisation of ~$81.02M which is a rise of roughly 76% over the last twelve months. As of 06/30/2017 they have ~$11M debt and ~$1.03M cash. They have 204M shares outstanding and trade on the NYSE Mkt Stock Exchange.
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Profitability (by resource)
Future Valuation (Cash Flow & Totals)
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Lost $21 million in 2013, producing 30,000 oz. With cash costs over $1400 per oz. They are giving guidance to lower costs to $750 per oz in 2015, but I have my doubts. I'm projecting $850 per oz based on their 2014 performance.
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
1 Yr Stock Price High ($)
Stock Price Change From 1 Yr High (%)
Stock Price USA 5-Year High ($) (including date)
$4.30 - 11/9/2010
Stock Price USA 5-Year Low ($) (including date)
16 Cents - 3/21/2015
Good management team, but 2016 is going to be an important year for execution.
Local Issues (wag)
Excellent infrastructure. Nevada is mining friendly.
Country of Incorporation
District size (7500 acres and 7 targets) on a past producing property in Nevada.
Significant silver resources. They have already found 25 million oz, although low grade (10 gpt).
Shareholder Friendly (wag)
Ore Grade (wag)
Medium grade (1 gpt) surface mine.
3 meters @ 38 gpt gold and 78 gpt silver.
3/17/2017: Decreased rating from 3 to 2 because they stopped mining.
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