Comstock Resources (CRK) Sells Mining Assets to Mackay Precious Metals for Over $45 Million

Comstock Resources (CRK) announced it will sell its mining assets to Mackay Precious Metals for over $45 million. The divestiture aims to streamline CRK's operations and sharpen its focus on its primary natural gas business, enhancing shareholder value. The transaction includes Comstock's gold and silver mining assets located in Nevada. Under the terms, Mackay Precious Metals will make an initial cash payment, with additional considerations tied to future production royalties. The deal is expected to close in the third quarter of 2026, pending customary closing conditions.