At the end of September CMI seemed on the brink of bidding us the Big Bye-Bye once again. Previously last-minute stock offerings have provided the ready cash for the company to make it through the next few months, but how could the market stand for another offering at the low price that would be required now? Wouldn’t […]
Category: Comstock Mining Update
Comstock Mining Update October 9 2014
Comstock Mining Update — August 22, 2014
Lucerne Pit, Gold Hill At its meeting of August 21 the Storey County Planning Commission voted to recommend approval of Comstock Mining Inc’s request for amendments to its SUP. The issue will come before County Commissioners McBride, Gilman and Sjolvangen who are poised to approve it. That will mark the end of Gold Hill as a […]
Comstock Mining Update – April 2, 2014
Comstock Mining Inc’s Annual Report for 2013 Before Comstock Mining Inc’s Annual Report for 2013 to the SEC was released last month, the company communicated with the public and with its shareholders on several occasions. These efforts seemed notable: On February 11 CMI established a ‘revolving credit facility’ for $5 million, and the next day […]
CMI’s Corrado De Gasperis on “Nevada Newsmakers”
Recent Developments A March 4 CMI announcement about the quest for further investors CMI press release dated March 11 puts 2013 net loss at $21.3 million The [un-annotated] transcript of De Gasperis’ conference call about the Q4 filing with the SEC FOLLOWING is a transcript of Sam Shad’s conversation with Comstock Mining Inc. CEO Corrado De […]
Comstock Mining Update – February 7, 2014
On Friday January 31 the Comstock Residents Association filed a Complaint in Lyon County District Court asking the judge to reverse the Lyon County Commissioners’ January 2 decision to grant Comstock Mining Inc’s Master Plan and Zoning change request. CRA asserts that the Commissioners departed from precedent, acted contrary to law and procedure, and […]
Comstock Mining Update – January 15, 2014
The fallout from the Lyon County Commission’s January 2 meeting was not long in appearing. On January 21, Theo McCormick of Silver City announced his resignation from the Lyon County School Board: Theo McCormick For the last 8 years, I have performed public service in Lyon County. During the last four years, I’ve […]
Comstock Mining update January 15, 2014
At its regularly scheduled meeting on January 2, the Lyon County Commission broke all precedent by ignoring its Planning Commission’s recommendation to deny Comstock Mining Inc’s Master Plan Amendment and Zoning change requests for Silver City. Instead, the Commissioners voted 4-1 to impose a “compromise” made between CMI and Commissioner Vida Keller to reduce […]
Comstock Mining Update – December 10, 2013
The struggle over pit mining in the Virginia City National Historic Landmark has shifted south through Devil’s Gate from Storey to Lyon County. At last month’s scheduled hearing before the Lyon County Planning Commission, Comstock Mining Inc asked for a continuance, saying it hadn’t had time to prepare. This time (December 10, 2013) […]
Comstock Mining Update – August 12, 2013
Will this be the greatest feat of magic to be performed in Nevada since Siegfried and Roy first turned that tiger into thin air? Is Comstock Mining Inc about to disappear? At $1300/oz it takes about 60 truckloads of the Virginia City National Historical Landmark to produce a “gold-equivalent ounce” for CMI. Photo courtesy Virginia […]
Comstock Mining Update – June 28, 2013
On June 27, the day following our Meet ‘n’ Greet at Maynard Station, a couple of dozen Comstock Residents Association supporters joined other member groups of PLAN, the Progressive Leadership Alliance of Nevada, in a picket and protest outside the Nevada Museum of Art in Reno, where Comstock Mining Inc. was conducting its annual shareholders […]