Comstock Mining (LODE) Tops Q1 EPS by 1c

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Go back to Comstock Mining (LODE) Tops Q1 EPS by 1c

Comstock Mining Announces First Quarter 2016 Results

May 5, 2016 6:45 AM EDT

VIRGINIA CITY, NV -- (Marketwired) -- 05/05/16 -- Comstock Mining Inc. (the "Company") (NYSE MKT: LODE) today announced selected unaudited financial results for the fiscal quarter ended March 31, 2016.

First Quarter 2016 Selected Strategic and Operational Highlights

Cost reduction targets for non-mining costs were increased from $3 million to $5.5 million, or over 80% improvement based on actions taken to date and other reductions planned for 2016. Encountered significant higher-grade intercepts from the Lucerne underground exploration. Secured $5M in underground drilling, mine development, and mining services... More