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Comstock Mining Inc. (NYSE:LODE) reported that it has commenced mining operations at the Lucerne mine, hauling ore to its process facility in American Flat.
Comstock Mining Inc. (NYSE:LODE) reported that it has commenced mining operations at the Lucerne mine, hauling ore to its process facility in American Flat.
As quoted in the press release:
Once the complete mining and recovery process stabilizes from the initial start-up mode, the Company estimates production to quickly reach annual run rates of approximately one million tons of ore processed. Based on the current mine plan, this should generate approximately 20,000 gold equivalent ounces per annum.
Corrado De Gasperis, President and CEO of Comstock, commented:
The last six months represents a tremendously focused march to production, effectively building our team, the mine and the entire operating facility. On behalf of the entire Comstock Team, it is very satisfying to say that we are Nevada’s Newest Gold and Silver Miner.