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:

George Topping, iA Securities (4/11/18)
"Rye Patch Gold Corp.'s Q1/18 Florida Canyon production was 10.8 Koz. . .Alio brings a lot to the table in terms of cash (~$50M), technical ability and risk reduction. . .given the institutional shareholder support, we expect the Rye Patch-Alio deal to pass."

George Topping, an analyst with iA Securities, discussed the business combination arrangement on the table between the two mining companies.
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George Topping, iA Securities (3/19/18)
"This morning, Rye Patch Gold Corp. announced a business combination with Alio Gold, whereby Alio will acquire all outstanding Rye Patch shares in a friendly deal. . .the offer is 25% above Friday's close. Rye Patch shareholders will own 47% of the combined entity; the deal is expected to close on May 25, 2018."

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."

A flagship Nevada project is showing results and the company anticipates commencing commercial production in the first quarter of 2018.
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More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
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