RPM:TSX.V; RPMGF:OTCQX

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.
RPM:TSX.V RPMGF:OTCQX

Expert Comments:

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."

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/1/17)
"Rye Patch Gold has elected to allow Coeur Rochester to purchase its 3.4% net smelter return for $5M. With the money in hand, Rye Patch can now focus its efforts on ramping up production at Florida Canyon. . .the company is a Buy."

Michael Gray, Macquarie Capital Markets (5/25/17)
"Our team is incrementally more bullish on Rye Patch Gold after visiting its flagship Florida Canyon mine for the second time in a year; insights gained from the Florida Canyon mine including mining and processing operations, expansion opportunities, resource performance and upside opportunities. The company is sequentially derisking the ramp-up at Florida Canyon and recently improved its financial position via the $5M sale of the Rochester net smelter royalty on May 15."

Canaccord Genuity Morning Coffee (5/18/17)
"Rye Patch Gold's Florida Canyon mine restart project is largely complete, staffing is almost at capacity and the operation is in the final stages of the ramp-up to steady state. While the crusher appears to be outperforming design, the key to completing the ramp-up would be to sustain current mining rates (improving equipment availability) and to increase gold recoveries to closer to steady state levels."

George Topping, iA Securities (5/18/17)
"We believe Rye Patch Gold's Florida Canyon mine is producing ~130 oz/day, a level at which operating financial break-even is achieved. It is on schedule for Q3/17 commercial production, ahead of the late Q4/17 commissioning we conservatively forecast. . .with cash flow from the commencement of operations, management can begin exploring an area that is ripe for further expansion."

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
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