Comstock Inc. — Third Quarter 2026 Earnings Summary
Comstock Inc. reported a net loss of $0.8 million for the third quarter of 2026, which included a $14.0 million gain from the sale of its remaining mining segment assets. The company received $20.0 million in cash and 2 million shares of Mackay Gold & Silver Corporation from the divestiture, while also commissioning its first industry-scale solar recycling facility in Silver Springs, Nevada. Additionally, Comstock Metals increased its deferred revenue to $4.55 million and secured larger supply contracts as it ramps up operations. The Board of Directors authorized a share repurchase program for up to 15 million shares, citing the company's strong cash position and strategic assets including its interest in the Sierra Springs Opportunity Fund.
- Company
- COMSTOCK INC
- Sector
- Basic Materials
- Industry
- Other Precious Metals & Mining