RPM:TSX.V; RPMGF:OTCQX

Rye Patch Gold

Ryes Patch Gold 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.
RPM:TSX.V RPMGF:OTCQX

Expert Comments:

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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George Topping, iA Securities (4/5/17)
"We are initiating coverage on Rye Patch Gold with a Buy recommendation. . .with cash flow from the commencement of operations, we expect management to bootstrap the multiple satellite projects into a low cost, sizeable 140 Koz/year Au eq producer in the safe, mining-friendly Nevada jurisdiction."

Michael Gray, Macquarie Equity Research (2/9/17)
"Rye Patch Gold Corp. reported that it had delivered 3.4Koz Au into its hedge position at $1,275 gold from historic heap leach pads, 100% Florida Canyon mine. . .the gold and silver production grossed $4.4M and the Q4/16 Rochester Mine NSR was $1.2M. The company reported that the new South Heap Leach Pad facility is ready for the Nevada regulatory review process (we estimate two-four weeks); immediately thereafter, RPM can irrigate the pad and produce gold. . .We reiterate our Outperform rating; RMP is our Top Pick amongst gold developers we cover."

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/17)
"Rye Patch Gold Corp. is now on track for commercial production by April 2017; thanks to a previously negotiated hedge agreement, the company will move into production with the security of a set gold price of $1,276/oz. Rye Patch's progress toward production comes at a great time, as I think production stories like the one the company has fashioned will do quite well if the gold market plays out like I think it will in the first part of this year."

Macquarie Research (1/17/17)
"Rye Patch Gold Corp. continues to stand-out as a near-term producer via the restart of the Florida Canyon heap-leach mine in Nevada. . .the re-start has a low capital cost, effectively construction a leach pad, supporting our view that this is a relatively low development risk ramp-up for a significant re-rating potential. . .It was a transformative year for RPM via the acquisition of the near-production Florida Canyon mine and concurrently fully funding the development of the asset."

Brien Lundin, Gold Newsletter (Jefferson Financial) (11/1/16)
"Rye Patch Gold Corp. is moving quickly to get its recently acquired Florida Canyon project in Nevada restarted as an operating mine. . .The shift to production is an exciting one for Rye Patch investors, as it provides ongoing cash flow and the potential to provide a 'producer lift' to the company’s share price when gold resumes its upwards march. . .Right now, the market is shrugging its shoulders at the good work Rye Patch is doing at Florida Canyon, providing us with an opening to build a position prior to the recommencement of production at the mine. It's a buy."

Michael Gray, Macquarie Equity Research (10/17/16)
"We are initiating coverage of Rye Patch Gold Corp. with an Outperform recommendation. . .Rye Patch is transforming from an explorer/royalty co to a junior 70 Koz pa Au producer on the back of its July 2016 acquisition of the Florida Canyon mine (FCM) heap leach oxide gold asset. . .we think the FCM restart offers investors a key opportunity for high returns given the stock is trading at ~70% discount to junior producer peers. . .the transition from construction (leach pad) to full production in late 1Q17 is the single biggest catalyst for RPM in our view."

More Expert Comments

Experts Following This Company

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

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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