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Comstock Mining Inc.

Comstock Mining Inc. is a producing, Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District. Its near-term goals are to deliver stockholder value by validating qualified resources (Measured and Indicated) and reserves (Proven and Probable) of at least 3,250,000 oz Au eq from its first two resource areas, Lucerne and Dayton, to achieve initial commercial mining and processing operations in the Lucerne mine with annual production rates of approximately 40 Koz Au eq and to significantly grow the commercial development of its operations through coordinated, district-wide plans that are economically feasible and socially responsible.

Expert Comments:

Marco Rodriguez, Stonegate Capital Partners (7/29/15)
"Comstock Mining Inc. issued news today that it had amended its joint venture agreement with Northern Comstock LLC, which will simplify its capital structure. We view this announcement very positively, as it eliminates Comstock's complex capital structure and thus removes what we believed to be an overhang on the stock to institutional investors. While the agreement is subject to consent from the majority of preferred shareholders before August 26, 2015, we note that the company has already received positive indications of approval from the majority of shareholders."

Heiko Ihle, Rodman & Renshaw (7/21/15)
"We are reiterating our Buy rating and $2.10/share price target on Comstock Mining Inc. . .we note that management has been able to successfully outline and deliver on planned mining and non-mining cost reductions as development work at both Lucerne and Dayton pave the way for future production growth."

Marco Rodriguez, Stonegate Capital Partners (7/21/15)
"Given the gold price backdrop, Comstock Mining Inc. has taken positive steps to lower costs; at the start of FY/15, the company set a goal of reducing expenses by $5M. It met this goal and has now stepped up the target expense reduction for FY/15 to $10M."

SADIF Research (7/15/15)
"Comstock Mining Inc. is a high-quality company with. . .strong business growth. . .when compared to its second-closest peer, Gold Resource Corp., the company shows similar undervaluation and is equally likely to outperform the market. . .Comstock currently has an overall long-term investment attractiveness rating of 90, placing it above the average of 50 for U.S.-listed companies. . .and first when compared to ten of its closest peers. . .Comstock's stock rates as an above-average investment."

Heiko Ihle, Rodman & Renshaw (7/13/15)
"Comstock Mining Inc. owns and operates the historic Comstock mine. . .we highlight that the strip ratio at the mine fell to 1:1, compared with an average strip ratio of 4.8:1 in 2014. . .we believe a continued lower strip ratio should lower overall costs of mining. Given the firm's sizable land package and focus on optimizing both costs and grades, we are assuming coverage with a Buy rating."

Heiko Ihle, H.C. Wainwright & Co. (7/8/15)
"Comstock Mining Inc. announced preliminary Q2/15 results. For the quarter, the company produced 5,400 oz Au eq. . .nominally lower than Q1/15 production. . .we attribute the slightly decreased gold-equivalent production to lower gold and silver grades. . .for the quarter, cash costs fell to $615/oz, which we believe should be sustainable going forward. . .as Comstock moves toward the completion of rerouting SR-342. Once completed, we expect Comstock to have access to high-grade ore, which we think should translate into both increased production and lower cash costs in 2016 and beyond."

More Expert Comments

Experts Commenting on This Company

Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Chris Mancini, Research Analyst – Gabelli Gold Fund
Marco Rodriguez – Stonegate Capital Partners
Jeff Wright – Wolfpack Capital

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Comstock Mining Inc. Content