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 (9/18/17)
"Operations at Rye Patch Gold Corp.'s Florida Canyon mine are moving faster than expected. . .operations appear to be realizing positive grade reconciliation, in line recovery levels and a reducing cost profile compared to budgeted plans."

Michael Gray, Macquarie Capital Markets (9/18/17)
"We believe Rye Patch Gold Corp.'s Florida Canyon mine will eventually ramp up and exceed PEA design (expansion). . .the company noted that July and August total ore mined was 1.7 Mt and crushed ore was 1.36 Mt. This is tracking well above our estimates, with the two months achieving ~88% of ore mined and ~78% of ore crushed versus our Q3/17 results, respectively."

George Topping, iA Securities (9/14/17)
"The gold is being placed on the pad at Rye Patch Gold Corp.'s Florida Canyon and therefore, given the mine's proven historical production, actual gold produced should continue to climb. . .once the operation gains traction, it should build up to a low-cost, mid-tier asset. We maintain our Buy recommendation."

Thibaut Lepouttre, Caesars Report (9/4/17)
"Rye Patch Gold Corp. is working hard to become Nevada's next commercial gold producer after securing funding for four additional (secondhand) haul trucks. . .this secondhand equipment will arrive on site in Q4/17, which will provide a meaningful boost to the amount of tons placed on the leach pad."

George Topping, iA Securities (8/28/17)
"With the recent equipment and management additions, Rye Patch Gold Corp. has positioned itself for a successful ramp-up in H2/17. . .we expect Q3/17 and Q4/17 production of 11 Koz and 15 Koz, respectively, (of which 4.5 Koz will be commercialized) and financial self-sufficiency to be declared by year-end. We reiterate our Buy rating."

Michael Gray, Macquarie Capital Markets (8/27/17)
"Rye Patch Gold Corp.'s balance sheet (~CA$22M cash) is in good shape, and our focus remains on free cash flow generation and commercial production in H2/17. . .we reiterate our Outperform, CA$0.65 target price and Top Pick status. With the company ramping up Nevada production and trading at 0.25x P:NAV versus our global junior producer coverage of 0.65x P:NAV, we see significant rerating potential in addition to attractiveness as a target."

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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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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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.
read more >

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