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:

Philip Ker, PI Financial (11/8/17)
"Rye Patch Gold Corp. provided a monthly production Florida Canyon update for October where management highlighted placing 9,100 oz gold on its leach pad while also producing 2,911 oz for the month. . .gold is now being produced at higher rates, and the operation should begin to see more steady production rates in the coming months."

George Topping, iA Securities (11/7/17)
"Rye Patch Gold Corp. increased production at all levels in October at its Florida Canyon mine. Gold placed on the pad for the month of October totaled 9,100 oz, up from Q3/17, which averaged 7,125 oz/mo. . .the increase in ounces placed in October gives us confidence for the ramp-up throughout Q4/17."

Michael Gray, Macquarie Capital Markets (10/30/17)
"Today, before market open, Rye Patch Gold Corp. announced that it will receive a cash refund at CA$6.2M ($4.9M) as a result of renegotiating its reclamation bonds terms for the 100%-owned, flagship Florida Canyon and Standard mines. . .with the reduced bonding collateral requirements, we are not only encouraged by the improved cash position but also the likely reduced future collateral to develop other projects along the Oreana trend."

George Topping, iA Securities (10/30/17)
"Rye Patch Gold Corp. announced this morning that it has renegotiated the terms of the reclamation bonds on its Florida Canyon mine and the Standard mine in Nevada. . .the renegotiation of the $32.4M of reclamation bonds with an insurance company has resulted in a cash refund, already paid, of $4.9M to Rye Patch. . .we now predict available cash of $10M at the end of Q4/17 and US$5.0M at the end of Q1/18, when financial self-sufficiency and commercial production are attained."

A Macquarie Research report finds many leading indicator metrics promising for early 2018 commercial production at a Nevada gold mine.
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Michael Gray, Macquarie Capital Markets (10/15/17)
"Rye Patch Gold Corp.'s Q3/17 production metrics at the Florida Canyon mine are encouraging for Q1/18 commercial production and positive free cash flow generation. . .we reiterate our Outperform and CA$0.50 target price. . .we see considerable rerating potential, particularly once commercial production is achieved."

George Topping, iA Securities (10/11/17)
"Rye Patch Gold Corp.'s production at Florida Canyon for Q3/17 totaled 7.98 Koz Au, in line with our forecasts from September. . .management is well on the way to the target of 10Mt/year ore placed on pad, with ~2Mt stacked in Q3/17, up on the ~1.5Mt stacked in Q2/17."

A miner with spending money just increased its fleet and made another giant leap forward in expanding its already producing Nevada project.
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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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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)
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