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Rye Patch Gold Corp.

Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company seeking to build a sizeable inventory of gold and silver resource assets in the mining friendly state of Nevada, U.S. The company's seasoned management team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects. Rye Patch Gold US Inc. controls over 75 sq km (30 sq miles) along the Oreana Trend located in west-central Nevada, and is developing gold and silver resources along this emerging trend. In east-central Nevada, Rye Patch Gold US Inc. is exploring 66 sq km along the prolific Cortez Trend near Barrick's new gold discovery. The company has established gold and silver resource milestones and time frames in order to build a premier resource development company.

Expert Comments:

"Rye Patch Gold Corp.'s Carlin Trend Patty project is a high-potential exploration project. But more importantly to me, a lot of people are not giving Rye Patch credit for its progress toward production. It also benefits from royalty income from its agreement with Coeur Mining, which essentially means it can keep progressing toward production without any share dilution. Rye Patch is a great company for investors who want to buy and hold. It affords exposure to an economically sound project with proven resources. Investors just have to wait for the market to come back to reward them." read more >

Thibaut Lepouttre, Caesars Report (7/23/15)
"We were amazed by the quality of Rye Patch Gold Corp.'s exploration projects as the company now has four irons in the fire. . .but what probably was even more interesting to see was CEO Bill Howald's unlimited enthusiasm when talking about the projects. He is a guy who definitely knows what he's doing and Howald is determined to make this work, even in the low gold-price environment we're experiencing right now. Sometimes it's not just about the horses in the stable, but about the jockey who's riding them."

"I recently spent two days with Rye Patch Gold Corp. CEO Bill Howald in Nevada. I was most surprised by the Lincoln Hill project, which is located just 3km from Coeur Mining's Rochester gold-silver mine. The Lincoln Hill economics look good on paper but there is potential to improve those numbers. Metal recoveries are much higher at the nearby Rochester mine, which is processing essentially the same ore. Rye Patch believes that by adding crushers to the processing circuit it could boost gold recovery rates to 90% and to 60–65% for silver. That would immediately add $25–30M to the Lincoln Hill NPV. That's something that the market hasn't realized yet. The company also has a heap-leach project in Nevada called Wilco that's next to Interstate 80. It has an NI-43-101-compliant resource of 1.3 Moz gold in the Measured and Indicated category, and an additional 0.5 Moz in the Inferred category. Newmont Mining has a back-in right on Wilco once Rye Patch completes a feasibility study. But instead of spending $10–15M to finish the study, Rye Patch will probably go back to Newmont and try to negotiate a better deal to make sure that it's a win-win for everyone. If Rye Patch is successful, it could change the company overnight." read more >

"We like Bill Howald's Rye Patch Gold Corp. as a consolidation play. The PEA at Lincoln Hill reported a fantastic internal rate of return, but, of course, it's a bit small in size. It needs to grow. That's what the company is doing right now. One missing part is the results from the new metallurgy tests. The company intends to set up an extra crushing unit, similar to Coeur Mining's; that is expected to bring up the silver recoveries to 90% or more. With such numbers, it would be a great project to build for a relative small capex or even get bought out. Rye Patch has about a $20M market cap and gets about $4M every year at the current silver price from a royalty on Coeur's Rochester mine in Nevada. With this royalty the management can do all the drilling on its other projects and advance Lincoln Hill without touching the cash in the bank. Furthermore, the funds are enough for a bankable feasibility study. If the silver price goes to $25/oz, that $4M becomes $8M. Rye Patch currently has $7M in the bank and is trading at $0.14/share. There's a real opportunity to grow Lincoln Hill into something significant and if it does, Rye Patch will likely get bought." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/26/15)
"Rye Patch Gold Corp. is gearing up for a 5,000m drill program on its Patty gold project in Nevada's Cortez Trend. . .to the south of its Garden Gate Pass property, which in turn is adjacent to Barrick Gold Corp.'s 15 Moz Goldrush deposit. Time will tell if this area has similar potential. . .we'll definitely watch this upcoming drill program with interest."

"We also like Rye Patch Gold Corp. in Nevada. CEO Bill Howald staked the unpaid mineral rights at Coeur Mining's Rochester mine. As a result, Rye Patch got about a $21M settlement in the form of a royalty on Rochester. Rye Patch's Lincoln Hill deposit is within kilometers of Rochester. Howald has about a $26M budget to bring that into production, but I expect that after he does all the technical work and gets his permitting, Coeur will take it out and thereby extend Rochester's mine life. Because Howald has funded Rye Patch with that royalty, and Lincoln Hill is such a simple, cheap operation, he doesn't need to come to the market and dilute shareholders, so Coeur taking it out should be a slam dunk. In addition, Rye Patch has two other targets quite close to Lincoln Hill." read more >

More Expert Comments

Experts Commenting on This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Jeff Desjardins, President – Visual Capitalist
Thomas Drolet, President of Drolet – Drolet & Associates Energy Services, Inc., International Montoro Resources
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Björn Paffrath, Director – Stabilitas-Fonds
Matthew Sheppard, Equity Research Analyst – Jacob Securities

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
 
Developing Gold and Silver Resource Story with Exploration Success
 
Fully Funded and Cash Flow From a Royalty
 
Proven Management Working in the Top Mining Region in the World
Rye Patch Gold Corp. Content