This modified permit increases the amount of mineralized material the company may process annually from the previous 1 million tons of material per annum to a new limit of 4 million tons per annum and authorizes the expansion of the company’s existing heap leach pad facilities.
Comstock Mining president and CEO Corrado De Gasperis said, "Nevada continues to represent one of the most supportive mining jurisdictions in the world, with world class regulation and thorough due process. We are pleased with the diligence of NDEP-BMRR’s process, ensuring public safety while advancing our sustainable business objectives. This is a critical permit modification that enables our production expansion goals for the remainder of this year, next year and beyond. We will move expeditiously to complete our current heap leach expansion from five to eight cells, increase our rates of production, significantly drop our unit costs associated with producing our planned 40,000 gold equivalent ounces for next year."
For the three months ending September 30, 2013, the Company crushed and stacked over 288,000 dry tons of mineralized material and shipped a record 5,214 ounces of gold and 59,731 ounces of silver.
Gold grades onto the pad averaged 0.025 ounces per ton in the third quarter and the Company remains on track for delivering 20,000 gold equivalent ounces for 2013.
