VIRGINIA CITY — Comstock Mining Inc. reported pouring double the gold ounces and far outstripping the silver ounces poured during the first quarter, compared with the same three months last year.
The company said it poured more than 4,500 ounces of gold and almost 50,000 ounces of silver, which compares with 2,261 gold ounces and 15,599 silver ounces in the first quarter of 2013.
The company mined approximately 950,000 tons of mineralized material and waste, it reported in a news release. It continues to transition from higher-grade segments of the mine plan and moving through some higher stripping ratios, it said, delivering more than 205,000 tons to the leach pad that represented some of the highest gold and silver grades crushed to date.
The mining firm also said it continues to reduce costs of mining, with a target of dropping them more than $6 million this year when compared with 2014.
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment