Chester Mining Company (CHMN) was founded in Coeur d'Alene in 1900 to explore the Chester property, just east of the Sunshine Mine, in the heart of Idaho's world-famous Silver Valley. The property was later operated by Sunshine Mining & Refining and was most recently producing silver between 1961 through 1976. Chester paid shareholders a substantial dividend while its property was in production.
Today, a reinvigorated Chester Mining is a unique mineral exploration company with a strategy of acquiring properties in proven mining districts and leasing them out to generate an income stream while retaining speculative leverage to exploration success through royalty interests.
Chester has approximately 4.4 million shares outstanding, positive working capital and no debt.
Chester stock trades on the OTC Market under the symbol "CHMN". Corporate highlights include:
- Renewal of the former Sunshine lease on the strategically-located Chester and Bismark properties to Sterling Mining Company.
- Acquisition of the Conjecture Mine, under lease to Shoshone Silver Mining Company.