Comstock reports Q3 2026 net loss of $800,000
LODE•Comstock reported a third-quarter 2026 net loss of $800,000, including a $14 million gain from selling mining assets. Quarter-end cash, cash equivalents and restricted cash totaled $43.5 million, with no outstanding debt.
1. Quarterly results
Comstock reported a third-quarter 2026 net loss of $0.8 million, including a $14 million gain from selling mining assets. Metals segment revenue rose 45% from the previous quarter to $341,751.
2. Cash and plans
At quarter-end, cash, cash equivalents and restricted cash totaled $43.5 million, and the company had no outstanding debt. The board authorized repurchases of up to 15 million common shares on November 2, 2026. Management targets operating the first solar recycling facility at least at 25% of capacity during the fourth quarter.
