Mining operation Comstock Mining Inc. (NYSE: LODE), which has sustained losses since inception, may be able to turn around now that it has started producing gold.

Comstock, headquartered in Virginia City, Nev., has recurring net losses from operations and is carrying a $173.4 million deficit as of Sept. 30, according to filings with the U.S. Securities and Exchange Commission. The company listed about $11.2 million in assets.

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