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:

"The main thing that caught my eye with Rye Patch Gold Corp., which is in Nevada, is it has a 3.4% net smelter royalty on Coeur Mining's Rochester mine. Given where commodity prices are today, that has given Rye Patch about $4–5M a year in revenue, which it can then use across its exploration projects. Rye Patch's main project, Lincoln Hill, is right next to the Rochester mine. It's scoped out as a small-scale operation, only about $30M to build. It has an attractive internal rate of return because while it is low grade, it does have a low strip ratio, so the economics hold up in today's gold price environment. Additionally, Rye Patch has several other exploration properties that are starting to look more interesting, including some in the Cortez Trend. Garden Gate Pass looks like it falls along strike of Barrick Gold's recent Goldrush discovery, which is a little more than 8 Moz at 11.5 g/t. Being along strike of that makes Garden Gate Pass a pretty important exploration target, as is the Patty project, a joint venture with Rye Patch, Barrick and McEwen Mining in roughly the same area. Rye Patch is following all of these recent discoveries of high grade along the Cortez Trend, in addition to the project that it already has." read more >

Thibaut Lepouttre, Caesars Report (4/20/16)
"We are very pleased to see the initial results of Rye Patch Gold Corp.'s metallurgical test work are exceeding our expectations. Not only is the average gold recovery rate a little bit higher than we expected, but we are extremely pleased with the much higher recovery rate of the silver, which might provide a huge boost to the Lincoln Hill project's net present value as the potentially higher silver production will reduce the cash cost per produced ounce of gold as the value of the by-products that are being sold will increase."

Barry Allan, Mackie Research Capital (3/7/16)
"Rye Patch Gold Corp. is a Vancouver-based exploration and development company with a portfolio of assets in northern Nevada. The company's flagship asset is the Lincoln Hill project, located in the Oreana Trend next to Coeur's Rochester silver mine, which hosts a 570 Koz Au eq Measured and Indicated resource. . .a preliminary economic assessment from May 2014 outlined average annual production of 33 Koz Au and 753 Koz Ag over a 5-year mine life at cash costs of $575/oz Au eq, leading to a pretax internal rate of return of 63.7% using $1,250/oz Au and $20/oz Ag."

Thibaut Lepouttre, Caesars Report (2/17/16)
"Rye Patch Gold Corp. continues to benefit from the royalty deal with Coeur Mining, after Coeur entered into a settlement agreement with Rye Patch approximately two years ago. . .as part of the settlement whereby Coeur re-obtained the mining rights to the Rochester mine, the company promised to temporarily pay Rye Patch a 3.4% net smelter royalty on the silver equivalent production at Rochester, and this results in a very welcome quarterly cash inflow which basically covers all of Rye Patch's overhead expenses as well as a large part of the exploration programs."

"I talked to Rye Patch Gold Corp. CEO Bill Howald recently and he has been very busy. Funding hasn't been an issue because of the royalty on Coeur Mining Inc.'s Rochester Mine. He just picked up some additional land positions near the old Florida Canyon mine, which is owned by a large Asian operator. It is up for sale. I don't expect Howald to necessarily buy that, but he has a lot of land positions around that. So if a company does decide it wants to make a run at it, Howald certainly has a lot of land in that area. Rye Patch also recently renegotiated its terms with the Barrick Gold Corp. group on the Patty project to give it more time. It is fairly complex geology and the company doesn't want to drill and make a mistake, so it is taking a little bit of extra time. Howald has a lot of irons in the fire. I've been very happy holding on to this company because it's been run very solidly and it doesn't have a funding issue." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (1/21/16)
"Rye Patch Gold Corp. has kept the newswires humming over the past several weeks, with the announcement of an extension to its earn-in agreement on its Patty project, some nice drill results from its Gold Ridge project, and the acquisition of claims comprising the new Panther Creek project. . .self-financed through its royalty on a portion of Coeur Mining's Rochester mine, the company is well-positioned to thoroughly explore Gold Ridge, Panther Creek and the other projects in its portfolio. It remains a relatively riskless speculation at current prices and is a Buy."

More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Ryan Hanley – Mackie Research Capital
Frank Holmes, Chairman – U.S. Global Investors
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)

The information provided above is from analysts, newsletters, the company and other contributors.

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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