RPM:TSX.V; RPMGF:OTCQX

Rye Patch Gold

Ryes Patch Gold 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.
RPM:TSX.V RPMGF:OTCQX

Expert Comments:

Macquarie (5/25/17)
"Our team is incrementally more bullish on Rye Patch Gold after visiting its flagship Florida Canyon mine for the second time in a year; insights gained from the Florida Canyon mine including mining and processing operations, expansion opportunities, resource performance and upside opportunities. The company is sequentially derisking the ramp-up at Florida Canyon and recently improved its financial position via the $5M sale of the Rochester net smelter royalty on May 15."

Canaccord Genuity Morning Coffee (5/18/17)
"Rye Patch Gold's Florida Canyon mine restart project is largely complete, staffing is almost at capacity and the operation is in the final stages of the ramp-up to steady state. While the crusher appears to be outperforming design, the key to completing the ramp-up would be to sustain current mining rates (improving equipment availability) and to increase gold recoveries to closer to steady state levels."

George Topping, iA Securities (5/18/17)
"We believe Rye Patch Gold's Florida Canyon mine is producing ~130 oz/day, a level at which operating financial break-even is achieved. It is on schedule for Q3/17 commercial production, ahead of the late Q4/17 commissioning we conservatively forecast. . .with cash flow from the commencement of operations, management can begin exploring an area that is ripe for further expansion."

Michael Gray, Macquarie Capital Markets (5/1/17)
"Today, before market open, Rye Patch Gold reported that it had poured its first gold from its new leach pad at its 100%-owned Florida Canyon heap-leach gold mine. . .it should rerate the company over the next six to nine months as a new junior gold producer. . .we expect production in Q2/17 of 10 Koz and ramping up to 18 Koz in Q4/17."

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.
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George Topping, iA Securities (4/5/17)
"We are initiating coverage on Rye Patch Gold with a Buy recommendation. . .with cash flow from the commencement of operations, we expect management to bootstrap the multiple satellite projects into a low cost, sizeable 140 Koz/year Au eq producer in the safe, mining-friendly Nevada jurisdiction."

Michael Gray, Macquarie Equity Research (2/9/17)
"Rye Patch Gold Corp. reported that it had delivered 3.4Koz Au into its hedge position at $1,275 gold from historic heap leach pads, 100% Florida Canyon mine. . .the gold and silver production grossed $4.4M and the Q4/16 Rochester Mine NSR was $1.2M. The company reported that the new South Heap Leach Pad facility is ready for the Nevada regulatory review process (we estimate two-four weeks); immediately thereafter, RPM can irrigate the pad and produce gold. . .We reiterate our Outperform rating; RMP is our Top Pick amongst gold developers we cover."

More Expert Comments

Experts Following This Company

Michael Gray, Analyst – Macquarie Capital Markets
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Ron Stewart, Analyst – Dundee Capital Markets
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