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 (2/1/18)
"Rye Patch Gold Corp. recently closed an equity financing resulting in gross proceeds of CA$20M. . .the influx of capital will be used to service debt obligations along with providing additional working capital. . .completion of the financing alleviates any balance sheet overhang and provides a working capital buffer as the Florida Canyon mine continues to ramp up."

George Topping, iA Securities (2/1/18)
"Rye Patch Gold Corp.'s private placement should provide enough cash to meet all of the company's financial obligations in the near term. . .we estimate current cash at ~$7M in addition to the $20M gross from this deal, which should be more than adequate now that Florida Canyon should be generating positive cash flows."

Philip Ker, PI Financial (1/10/18)
"Rye Patch Gold Corp. provided a monthly production update for December where the Florida Canyon mine produced 4,069 oz, a 16.6% increase over November. Additionally, management confirmed the operation had achieved sufficient actual versus modeled recovery levels from the heap-leach pad to support declaration of commercial production."

George Topping, iA Securities (1/9/18)
"Rye Patch Gold Corp.'s production figures are slowly but steadily improving month over month and should accelerate markedly in Q1/18 with the addition of the trucks; we forecast 12.6 Koz produced in Q1/18. These solid production results combined with a lower strip ratio should keep the balance sheet intact."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/15/17)
"Rye Patch Gold Corp. announced some impressive assays recently that resulted from a scout drilling program on its flagship Florida Canyon mine. . .this opens up the possibility that a large, high-grade area of sulfide gold mineralization lies below the oxide zone outlined at Florida Canyon. . .with production ramping up at Florida Canyon and the drill bit turning up interesting assays like these, the company looks primed for an up-move in early 2018."

A flagship Nevada project is showing results and the company anticipates commencing commercial production in the first quarter of 2018.
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Michael Gray, Macquarie Capital Markets (12/11/17)
"Rye Patch Gold Corp. reported November production for its flagship, 100%-owned Florida Canyon mine before market open, producing 3.5 Koz, a 20% month-over-month increase from October. . .at ~116 oz/day in November, the company is near the ~130–140 oz/day threshold that we estimate is required to reach break even mine cash flow. . .we reiterate our Outperform."

A Macquarie Research report finds many leading indicator metrics promising for early 2018 commercial production at a Nevada gold 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)
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