Comstock Mining Inc. announced financial and production results for the year ended December 31, 2015. Mining revenue was $18.2 million for 2015, as compared to $24.7 million for 2014. The decrease resulted from lower ounces produced from the final phase of the Lucerne surface mining and lower average gold and silver prices. Net loss for the year ended December 31, 2015, was $10.5 million or $0.14 loss per share, as compared to $9.6 million or $0.17 loss per share, for 2014, driven by an increase in exploration costs and the road development costs associated with SR-342. Net cash used in operating activities for 2015, was approximately $3.0 million, including $2.9 million for the SR-342 road realignment project and $3.3 million for underground drift development and exploration, somewhat offset by the improved gross margin contribution from lower labor, blasting, fuel and equipment costs.

The company produced 18,455 and 22,925 gold equivalent ounces in 2015 and 2014, respectively.