Rye Patch Gold Corp.

Ryes Patch Gold Corp. is an emerging precious metals producer headquartered in Vancouver, B.C. with operations in Nevada. The Company's flagship operation is the Florida Canyon Mine, located northeast of Lovelock, Nevada. In 2016, Rye Patch Gold Corp (RPM) acquired the Florida Canyon mine in northern Nevada. This heap leach oxide gold asset catapults RPM as the next gold producer in Nevada with production commencing in 2017. Florida Canyon has a long history as a gold producer in Nevada.

Expert Comments:

Brien Lundin, Gold Newsletter (Jefferson Financial) (8/1/17)
"Rye Patch Gold Corp. is ramping up production at Florida Canyon with a view to hitting commercial production sometime in Q3/17. . .the company is flush with cash. That's money it can use to fine tune production at Florida Canyon, which should start kicking off significant cash flow in its own right in the next couple of quarters."

Philip Ker, PI Financial (7/26/17)
"We are initiating coverage on Rye Patch Gold Corp., highlighting its transformational Florida Canyon acquisition where the company is on the cusp of declaring commercial production in Q3/17. . .a recent $10M is planned to help fund an expanded haul fleet and provide further upgrades to its crushing circuit which allows throughput to go from 20 Ktpd to 30 Ktpd."

Brien Lundin, Gold Newsletter (Jefferson Financial) (7/1/17)
"Well managed with an enviable portfolio that combines production with significant exploration upside, Rye Patch Gold Corp. is an ideal investment for gold and silver bugs looking to capitalize on the next surge in precious metals prices. It's also a Buy at current levels."

Thibaut Lepouttre, Caesars Report (6/30/17)
"Rye Patch Gold Corp. is in the final stages of commissioning and ramping up its new Florida Canyon gold mine in Nevada. . .the company expects to be in commercial production in Q3/17, but has now also completed a CA$10M bought deal at CA$0.26 to top up its treasury and to have some sort of 'cushion.' Now it's up to Rye Patch's technical team to live up to the promises."

Shaking off delays in April, this mining and development company has money to expand, and analysts are talking about the Nevada project's May production results.
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Michael Gray, Macquarie Capital Markets (6/2/17)
"Rye Patch Gold produced ~100 oz/day Au (3,094 oz Au) in May at Florida Canyon, which is in line with our expectations from the May 16 site visit. . .we expect gold production to continue to ramp up over the coming months, driven by pregnant gold solution concentrations increasing (leaching commenced recently on April 12) and two pad construction milestones. . .we reiterate our Outperform recommendation."

George Topping, iA Securities (6/2/17)
"Rye Patch Gold reported 3,094 oz gold poured during May at the Florida Canyon heap leach. . .at 3,094oz/month, the mine is producing ~103 oz/day, which is well on its way to achieving operating financial break even. The operation is on schedule for a late Q3/17-early Q4/17 declaration of commercial production, ahead of the late Q4/17 commissioning we conservatively forecast."

As iA Securities initiates coverage on Rye Patch, the miner receives state approval to start irrigation at the new pad at its Florida Canyon mine.
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More Expert Comments

Experts Following This Company

Michael Gray, Analyst – Macquarie Capital Markets
Philip Ker, Mining Analyst – PI Financial
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Ron Stewart, Analyst – Dundee Capital Markets
George Topping – iA Securities

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
Gold and Silver Resource Story with Exploration Success
Developing Florida Canyon Mine in Nevada
Fully Funded with Cash Flow From Royalty and Residual Florida Canyon Gold
Experienced and Proven Management and Operations Team
Top Mining Region in the World-Nevada USA