Comstock Inc. Reports Q3 GAAP EPS of -$0.01 Following Mining Segment Asset Sale
Comstock Inc. (LODE) reported a third-quarter GAAP earnings per share (EPS) of -$0.01. During the period, the company completed the sale of its remaining mining segment assets, generating total consideration of $30.2 million. The transaction included a cash receipt of $20.0 million and the acquisition of 2 million Mackay shares, while also providing relief regarding net reclamation liabilities. This divestiture marks a significant shift in the company's asset structure as it concludes its involvement in the mining segment.