Comstock closes sale of legacy mining assets to Mackay for $20 million cash and shares
Comstock Inc. closed the sale of its mineral, mining, processing and mining-district real estate entities to Mackay Precious Metals Inc., a subsidiary of Mackay Gold & Silver Corp. The company says the transaction, valued at more than $45 million, reduces ongoing costs and enhances balance sheet liquidity, and it expects a gain of about $10 million to $12 million.
Key points
- Comstock has received $20 million in cash and 2 million Mackay Gold & Silver common shares, currently valued at about $4.5 million
- Expected gain of about $10 million to $12 million, with no cash taxes expected on the gain
- A secured second-tranche payment of $7 million is due within 18 months
- Estimated annual operational savings of $1.5 million; Comstock retains a 1.5% NSR royalty and a $10 million contingent payment tied to a mine construction decision or a change-of-control deal of at least $500 million within seven years
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 24, 2026.
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