Comstock Completes $45 Million Sale of Mining Assets to Mackay Precious Metals

07:15 AM EDT, 08/24/2026 (MT Newswires) -- Comstock (LODE) said Monday it has closed the sale of its legacy mining assets to Mackay Precious Metals in a transaction valued at more than $45 million. Comstock said it has received $20 million in cash and 2 million shares of Mackay Gold Silver, valued at about $4.5 million, and expects to record a gain of about $10 million to $12 million. Under the deal, Mackay acquired Comstock's four mining subsidiaries, including mining claims, town lots, processing facilities, operating permits and water rights, the company said. Comstock also retains a 1.5% net smelter return royalty on minerals and products from the properties and is due a secured, second-tranche payment of $7 million within 18 months, it said. Shares of Comstock were 0.4% higher in premarket activity.