Comstock Mining, Inc. Celebrates a Year on The Comstock

Dave Thomas, Director of Mining and Processing, explains the Comstock
Dave Thomas, Director of Mining and Processing, explains the Comstock

“First Pour, First Three Bars and a Button to boot!  G-d Bless,” Corrado De Gasperis, CEO of Comstock Mining Inc. (CMI) tweeted on September 29, 2012, just over a year ago.  Now hundreds of bars, thousands of ounces, millions of dollars and man-hours later, CMI looks back on their first year of pouring doré in the historic Comstock Lode and looks to an exciting and profitable future.

While the concept of tweeting out company news seems to go more in hand with a business steeped in technology instead of a mining operation in the heart of some of America’s most beloved and significant resource areas, CMI has worked diligently to preserve the heritage of the Comstock Lode while still striving to work intelligently with the technological resources provided all of us in the 21st century.

Tweeting, texting and blogging about today’s bustling business on the Comstock does little to detract from the celebrated surroundings in which CMI employees are allowed to work every day.  The history of the district, the integrity of the buildings, the preservation of the land, the safety of the animals, people, and preserving the environment are all part of The Company’s creed.

With 35 employees from Lyon County and 14 from Storey County, they are an important part of the community.  When the economy took a turn for the worse and many lost their jobs and found they had to sell their homes and leave Nevada, several of the state’s smaller towns were struggling to find a hero.  For an employee at CMI, a family member supported by them, or for a local who gains from the tax revenue, this gold-mining company may just be that hero.

For the past 150 years, mining has been present every decade in this quaint mining district in the hills of Northern Nevada, and CMI is proud to be part of the tradition.  They were privileged to be invited to New York City to ring the opening bell of the trading day for the New York Stock Exchange (NYSE) in August.  As a publicly traded company (LODE), this junior mining company from the high desert in Nevada has joined the time-honored tradition of waving from the podium as the trading day begins, forever cementing them in NYSE history.

They just celebrated a milestone.  On September 29 of this year, CMI has been pouring doré for exactly one year, with record results!  They finished strong, pouring over 65,000 ounces of doré in the third quarter, exceeding their expectations and they are still growing strong.

CMI has even bigger plans for their second year on The Comstock.  With one year of mining under their belt, they will get the chance to enjoy the community they love.  While they have been busy behind the scenes with their newly formed Foundation restoring the Yellow Jacket, the White House, the Overman Hoist House, and participating in events like hosting tours for UNR geology students, home-schooled children, and offering the Gold Hill Hotel for special charity functions, they are excited about their civic plans.

Dave Thomas, Director of Mining and Processing, and Corrado DeGasperis, CEO and President, pal around before the 75th annual Nevada Day Parade as Kiersten Briggs, and Lindsey Dugas look on
Dave Thomas, Director of Mining and Processing, and Corrado DeGasperis, CEO and President, pal around before the 75th annual Nevada Day Parade as Kiersten Briggs, and Lindsey Dugas look on

With employees who work diligently and support the mine and their community, they are eager to move forward with their plans for the next year.  As the CMI workforce not only works in this uniquely resource rich and historically loved area, most of them are long-time residents and locals, they are anxious to unite as the CMI Team and participate in local events.  Individually, they are residents, neighbors, friends, and family, together, they are Comstock Mining Inc., a dynamic contributor to our community.

Even though news about mining on The Comstock is more likely to be tweeted, texted, or blogged about (or written about in The Comstock Chronicle), CMI is doing everything they can to preserve the historical value of the area.  Mark Twain himself might have sent a telegram to the Virginia City Territorial Enterprise with the headline for his next big story, “CMI celebrates first anniversary with strongest quarter yet! Excited about second year on The Comstock #LODE #GOLD!” Well, maybe he would have left off the hashtags.

By Dawn Cranfield
US News Special Correspondent

Originally printed in Comstock Chronicle Volume XXVI • No. 43 Page 11 (October 23, 2013)

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