What happened Comstock mining?

What happened Comstock mining?

The company halted mining operations in 2016 and has been undergoing a painful reorganization process. In 2020 they reached a turning point in the reorganization and are now poised for growth in 2021 and beyond having entered into exciting new businesses outside of mining for gold.

What does Comstock mining mine?

Comstock Lode, rich deposit of silver in Nevada, U.S., named for Henry Comstock, part-owner of the property on which it was discovered in June 1859. In the peak years of 1876–78, silver ore worth about $36,000,000 was extracted annually.

Who was Henry Comstock and what did he do?

The Comstock Lode was the richest silver mine in American history. Referred to by history books variously as a “sanctimonious gaffer”, an “illiterate prospector”, and a “quick-thinking loudmouth”, he was known by his contemporaries as “Old Pancake”, because he could not be bothered to bake bread.

Who owns the Comstock mine?

Top 10 Owners of Comstock Mining Inc

Stockholder Stake Total value ($)
The Vanguard Group, Inc. 2.36% 2,262,600
Geode Capital Management LLC 0.61% 584,792
Van Den Berg Management I, Inc. 0.43% 414,671
Susquehanna Financial Group LLLP 0.40% 384,846

Is the Comstock Lode still producing?

of Virginia City, Nevada, which has consolidated control of approximately 70% of Comstock mining claims. On September 30, 2012, Comstock Mining Inc. returned gold and silver production to the Comstock with its first pour of doré bullion and continues surface mining in lower Gold Hill.

What effects did the Comstock Lode have on the West?

What effect did the discovery of the Comstock Lode have on the West? This discovery lead many people to move West in search of Gold, Silver and other minerals that could be mined.

How much money did the Comstock Lode make?

Between 1873 and 1882 the Comstock Lode and its “Big Bonanza,” yielded more than $100,000,000 and during the same time, two adjacent mines of the Bonanza Group produced the same amount. In all, the group produced nearly 400 million dollars in ore by 1882 — half of the silver in the United States during the period.

What was life like for the miners of the Comstock Lode?

Working the Comstock Lode was extraordinarily dangerous. Apart from the risk of cave-ins and underground fires, miners had to worry about underground flooding. The temperature of water below 700 feet rose to 108 degrees.

Where are Thundereggs in Nevada?

Thundereggs Nevada Black Rock Wilderness or not, the Black Rock Desert Thundereggs are still some of our personal favorites, for that wonderful brick-red matrix and especially if we find a mossy plume specimen. The Black Rock Desert is located in the northwest corner of Nevada, north of Gerlach and west of Winnemucca.