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:

A flagship Nevada project is showing results and the company anticipates commencing commercial production in the first quarter of 2018.
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George Topping, iA Securities (12/11/17)
"This morning, Rye Patch Gold Corp. released production figures for November at the Florida Canyon mine. . .total ounces produced for the month were up 20% month over month at 3,491 oz, compared to 2,911 oz in October and 2,660 oz/mo average in Q3/17. . .the mine is now generating positive cash flows."

Michael Gray, Macquarie Capital Markets (11/29/17)
"Rye Patch Gold Corp. reported its first drill results since acquiring its 100% Florida Canyon mine. . .thick sulphide mineralization was documented, reporting two holes which encountered multiple gold zones: 2.08 g/t over 35.1m (hole 15); 1.3 g/t over 57.9m and 1.3 g/t over 129.5m; 2.94 g/t over 70.1m and 2.6 g/t over 164.6m (hole 16). . .the sulphide drill results enhance the catalyst complexion."

George Topping, iA Securities (11/29/17)
"Drilling from 16 holes in the central area of Rye Patch Gold Corp.'s Florida Canyon mine confirmed the existence of oxide mineralization in areas that were formerly considered waste material. . .reverse circulation drilling of the zone between the central pit and the main pit intersected sulfide ore at large widths underlying the oxide resource. . .these exploration results will assist management in navigating the production build and further bolster the balance sheet."

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."

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