Two Shluchim and a Gold Miner Ring NYSE Opening Bell

Nevada-based, precious metal producer Comstock Mining invited two Chabad Rabbis to ring the opening bell at the New York Stock Exchange Aug. 13.

The company was celebrating one year of gold and silver production that commenced on Aug. 7, 2012.

Rabbi Aaron Raskin from the Congregation B’nai Avraham and Chabad of Brooklyn Heights and Rabbi Zusha Cunin from the Chabad of Pacific Palisades, CA, joined the company’s CEO, board members, management team and investors at the NYSE.

Comstock’s CEO Corrado de Gasperis, who is not Jewish himself, said Raskin’s visit “. . . was more special than the ringing of the bell.” Raskin teaches business ethics.

Comstock is performing well against its peers. It is only down 7% year-to-date whereas junior gold miners, measured by the Market Vectors Junior Gold Miners index, are off one-third over the same period.

Today the company announced a US$8.75 million stock offering that will be used for heap leach pad expansion, land purchases and general corporate purchases.