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I've been adding for a while. Fully loaded now. It's gonna run after they pour in Feb. this should be a fun year!
Things are just getting better.
Rye Patch Gold Loads Leach Pad At Florida Canyon
Nevada mining operations continue on schedule and budget
Vancouver, British Columbia, January 5, 2017 - Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to announce that within four months of commencement of the Florida Canyon Restart Project in Nevada, Rye Patch has achieved a major milestone of loading oxide material onto the South Heap Leach Pad Expansion.
"The Florida Canyon team has worked to achieve this transformational milestone with great enthusiasm,” William C. Howald, Rye Patch’s President and CEO, said. “The Project was completed in just four months and has placed the Company on the verge of becoming Nevada's next gold producer."
The Florida Canyon Restart Project consisted of three key elements: refurbishing the mining fleet, moving the crusher and building the new leach pad.
The December purchase of an additional Caterpillar 993K loader completes the mining fleet. The fleet now consists of three loaders, eleven 150-ton haul trucks and five 100-ton haul trucks.
Mining commenced from the Jasperoid Hill deposit on November 1, 2016, and oxide material has been stockpiled adjacent to the crusher. With the crusher fully operational as of December 24, 2016, material is now being placed on the lower one-third portion of the phase one cell of the new leach pad. To date, approximately 45,500 tonnes have been placed on the pad.
“The crusher expansion and move concluded with the delivery of the lime silo in December,” Howald said. “With this last piece of equipment, the crusher is now fully operational.”
The projected ramp-up to 600,000 tons per month production (545,000 tonnes per month) is on track for April 2017. The first gold pour from the new leach pad is projected to occur in February, ensuring timely delivery in accordance with Company projections.
Howald added, “While spot gold prices remain soft, the Company has the benefit of selling 100% of its sales into its hedge contract price of USD $1,276 per ounce, providing stability during the start-up and initial stages of production.”
Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch’s CEO and President, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.
About Rye Patch Gold Corp.
Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with operations, replacement assets and exploration upside. The combination of operations and exploration concentrated along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
'William Howald'
William C. (Bill) Howald, CEO & President
For additional information contact:
Rye Patch Gold Corp
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589
Biz is looking good,check it out. http://www.ryepatchgold.com/_resources/news/nr_2016_11_23.pdf
Sounds like a decent check is headed our way!
http://www.kitco.com/news/2016-10-27/Coeur-Mining-Posts-3Q-Profit-Trims-2016-Cost-Guidance.html
I'd second that, check it out.
http://www.ryepatchgold.com/news/index.php?&content_id=278
Proof that these guys have their shit together!
http://www.ryepatchgold.com/news/index.php?&content_id=277
You get to the part where CDE pays them 1M+ a quarter?
What's up Lowjack a little birdy just whispered in my ear and recommended I take a look at this. "Tweety" so far has been all aces on his recommendations but I gotta be honest the name sounds like a damn whiskey I just out of this evening.
Its good to see ya here I'm gonna dig around and see what's what. Be well my friend
Many Thanks, Rye Patch Gold Corp. (RPMGF) is looking good.
Do you know if there is a NI 43-101 on this project and has there been any drilling ............. Thanks
Some great news.
Rye Patch Breaks Ground on the New Florida Canyon Mine Heap Leach
Vancouver, British Columbia, August 29, 2016 - Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to announce that construction of the new South Heap Leach facility has started at the Florida Canyon mine located in Pershing County, Nevada. The Company completed the acquisition of the Florida Canyon mine on July 28, 2016. Since the purchase, the Florida Canyon mine has crushed the under-liner material for the South Heap Leach facility; prepared the primary crusher for the move from the Standard Gold mine located 6 kilometres to the south to its new home adjacent to the South Heap Leach facility; completed maintenance on the mining fleet; and is now breaking ground for the ponds and pad of the South Heap Leach facility.
The Florida Canyon gold mine is fully permitted, has been in continuous production since 1986 and is currently producing gold from its existing leach pad facilities at Florida Canyon and Standard Gold. The Company is restarting the Florida Canyon mine, which includes the new heap leach pad and a new waste storage facility. Mining will be from four areas within the existing pit and constitutes a planned layback of the Florida Canyon gold deposit. A total of 63.81Mtons (58Mtonnes) of ore is planned to be mined over an 8-year period. An estimated average recovery of 71.1% would yield 602,000 ounces of gold over the life of mine. Rye Patch expects Initial production from the South Heap Leach facility to occur in the fourth quarter of 2016 and anticipates achieving commercial production from the new leach pad by the second quarter of 2017.
William Howald, the Company’s President and CEO, stated, “The Company has embarked on a transformational journey to become Nevada’s next new gold producer. We are creating a new and exciting company with anticipated initial annual production of 75,000 ounces gold expected to begin in early 2017. With an ore body that shows great potential to expand the existing Measured and Indicated Resource of 1.1 million ounces of gold, Florida Canyon provides Rye Patch with a solid foundation from which to grow and significant exploration upside along a trend that has been ignored for the past 30 years. As history has shown, the players with a large land position along a major gold trend have a significant advantage and opportunity to grow a formidable mining company. ”
As announced by news release dated May 25, 2016, and filed on SEDAR July 8, 2016, Mine Development Associates (“MDA”) completed a Preliminary Economic Assessment (the “PEA”) for the Florida Canyon gold mine titled “Technical Report – Preliminary Economic Assessment for the Florida Canyon Mine, Pershing County, Nevada USA" effective March 16, 2016, dated April 18, 2016 and revised June 22, 2016. The PEA was completed based on a US$1,000 per ounce gold price for the first two years and a US$1,150 per ounce gold price for the remaining life of mine.
PEA and Florida Canyon mine Highlights:
•Average production of approximately 75,000 ounces of gold per year for 8 years;
•US$1,000 per ounce of Au for years 1 to 2 and US$1,150 per ounce of Au used after year 2;
•Pre-tax NPV (7.5%) of US$65.43 million, with a 41.5% IRR;
•Cash cost per gold ounce is calculated at US$759 per ounce;
•Fully permitted expansion;
•1,126,600 ounces of gold in the measured and indicated category;
•US$27 million Credit Facility;
•Significant potential synergies with existing Oreana trend resource assets; and
•Tremendous exploration and further development potential.
Table 1: PEA Sensitivity Analysis (AFTER TAX)
% of Base Case
NPV7.5%
(US$mm)
IRR
(%)
Gold Price
Yr 1 & 2
US$/oz Au
Gold Price
After Yr 2
US$/oz Au
100%
$45.845
34.4%
$1,000
$1,150
110%
$80.194
53.8%
$1,100
$1,265
120%
$114.543
73.4%
$1,200
$1,380
The Company cautions that the PEA is preliminary in nature in that it is based on Inferred Mineral Resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be characterized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
The Company's decision to place the Florida Canyon mine into production is not based on a feasibility study of mineral reserves demonstrating economic and technical viability, and the Company cautions that historically such projects have a much higher risk of economic or technical failure.
All mining and ancillary equipment required to operate the Florida Canyon mine is in place together with a team of high quality experts experienced in mining a low-cost operation with a successful 30-year history.
Following the restart of Florida Canyon, Rye Patch intends to advance its other nearby resource projects as well as drill oxide targets at the mine and along the mine trend between Florida Canyon and the Standard Gold mine (approximately 10 kms). Significant exploration targets exist within the pit limits and beneath the Florida Canyon oxide deposit. These near- and medium-term opportunities will be addressed once the mine is in full production. From an operational viewpoint, substantial synergies exist with Florida Canyon and the nearby Lincoln Hill and Wilco resource projects. The outlying oxide resources can be mined and leached at site with carbon transported to the Florida Canyon stripping and refining facility. This benefit will reduce capital costs for the Lincoln Hill and Wilco projects. Longer-term opportunities exist along the Oreana trend. The Company controls over 180 square kilometres of prospective land along the trend and is one of the largest landholders in Pershing County.
Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold's CEO and President, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.
About Rye Patch Gold Corp.
Rye Patch Gold Corp. is a Nevada based, Tier 1, well-funded mining company led by a seasoned management team with a wide range of operations and project development successes. The team is engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Benefitting from its strong financial position, the Company has leveraged its cash to acquire the operating Florida Canyon gold mine. The Company now controls a trend-scale platform with operations, replacement assets and exploration upside. The combination of operations and exploration concentrated along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information about the Company, please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
For additional information contact:
‘William Howald’
Rye Patch Gold Corp
William C. (Bill) Howald, CEO & President
info@ryepatchgold.com
Looks like we officially own a working mine.
July 29, 2016: Rye Patch Announces Acquisition of the Florida Canyon Gold Mine, Release of Escrowed Funds and Conversion of Subscription Receipts, and Credit Agreement for US$27 Million Credit Facility.
Ooops, Ran out of sellers down h3r3!
A very good read indeed.
https://www.caesarsreport.com/reports/report-rye-patch-gold-game-changing-acquisition/
Looks like they were just locking in the price point!
http://www.ryepatchgold.com/news/index.php?&content_id=270
Somebody musta needed the money. They dumped into the gold run. We have had a great run-up though, I'm looking forward to some real gains in this one.
Ground Roasted Shorts!!!
http://web.tmxmoney.com/article.php?newsid=8057321937642612&qm_symbol=RPM
At the request of the company, pending news.
Possible. Got to wait for the News to follow.
Stock halted 4 hours ago. Finally being acquired?
Rochester, Nevada 3Q 2015 2Q 2015 1Q 2015 4Q 2014 3Q 2014
Tons placed 4,128,868 3,859,965 4,013,879 3,876,944 3,892,421
Average silver grade (oz/t) 0.59 0.61 0.74 0.60 0.51
Average gold grade (oz/t) 0.003 0.003 0.004 0.004 0.005
Silver production ounces (000's) 1,086 1,294 1,144 1,170 1,156
Gold production ounces 10,892 16,411 13,721 15,764 11,702
Silver-equivalent production ounces (000's) 1,740 2,279 1,967 2,116 1,858
http://ih.advfn.com/p.php?pid=nmona&article=68784009&symbol=CDE
If your short, It could end up costing you big to get out of your possition! Buyout will probably be well over $1/shr.
Trading at less than three years of royalty income!
I wounder which claims they will get this year!
Go Get'm Rye Patch!!
Rye Patch Arbitrates Q1 2014 Royalty Payment with Coeur
9:00 AM ET, 08/11/2015 - PR Newswire
VANCOUVER, Aug. 11, 2015 /PRNewswire/ - Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the "Company" or "Rye Patch") announces that Rye Patch Gold US Inc. ("RPG US"), a wholly owned subsidiary of the Company, has filed a demand for arbitration with Coeur Mining (NYSE:CDE) on the Q1 2014 Net Smelter Return royalty payment ("NSR") from the Rochester mine.
Rye Patch retained Price Waterhouse Coopers LLP to perform the audit of the 2014 royalty calculation and payments. Based on the audit, the arbitration calls into question Coeur's calculation of the Q1 2014 NSR royalty payment. Coeur collected revenue of US$9.2 million from gold and silver produced and sold in January 2014. Payment of the 3.4% NSR royalty, which was due to RPG US under its Royalty Agreement, was deficient in the amount of US$313,242.
"After trying to resolve the discrepancy internally with Coeur since April 2014, Rye Patch has no other alternative but to arbitrate for a final resolution," stated William C. Howald, President and CEO of the Company.
If successful, RPG US will seek relief for the attorney, arbitration, and audit costs plus interest. Erwin and Thompson LLP are representing Rye Patch Gold US Inc.
It would be nice to get a special divi@!
Rochester, Nevada
2Q 2015
1Q 2015
4Q 2014
3Q 2014
2Q 2014
Tons placed
3,859,965
4,013,879
3,876,944
3,892,421
3,329,582
Average silver grade (oz/t)
0.61
0.74
0.60
0.51
0.58
Average gold grade (oz/t)
0.003
0.004
0.004
0.005
0.003
Silver production ounces (000's)
1,294
1,144
1,170
1,156
1,112
Gold production ounces
16,411
13,721
15,764
11,702
9,230
Silver-equivalent production ounces (000's)
2,279
1,967
2,116
1,858
1,666
•
Silver equivalent production increased 16% compared to the first quarter at Rochester, despite lower grades and a decline in tons placed, as ounces recovered from the Stage III leach pad continue to ramp up.
•
Silver equivalent production is expected to increase by 15% - 30% at 3% - 14% lower unit costs in 2015 compared to 2014.
http://ih.advfn.com/p.php?pid=nmona&article=67636384&symbol=CDE
Another paycheck is on the way! Go see if GORO is interested at all!
It is always nice to get paid when you are supposed to!
Cost of stock options went up to .27!
Fills and runs!
Way past time for an update!
The PPS is lagging behind the precious metals, but Rye patch has gotten nice cash and is now able to expand business... 25cts soon
Yep let them sell it all the way down to 14!!!
How much money do you have to spend to start making some? Owners need money too!
Rye Patch Announces Lincoln Hill Preliminary Economic Assessment
Base Case Pre-Tax NPV (5%) of US$64.2 Million and IRR of 76.5%
PEA Highlights:
Base Case Pre-tax IRR of 76.5% and NPV (5% discount rate) of USD$64.2M;
Average annual production of 33,000 Au ounces and 753,000 Ag ounces per year with a peak annual production of 63,700 Au ounces and 1,011,000 Ag ounces;
Life of Mine ("LOM") cash cost of USD$575 per Au equivalent ("AuEq")1 ounce, and total costs of USD$759 per AuEq1; and
Drilling on the Independence Hill and Roosevelt targets has potential to expand the resource and enhance the project economic model.
http://ih.advfn.com/p.php?pid=nmona&article=62287484
Not convinced on where they are trying to take it!
The PPS is still a joke.. Let's wait a bit for better times.
$1350 and climbing!
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Our Goal: Significant Resource Milestone
Rye Patch has acquired advanced assets and explored aggressively towards its goal to build a sizable gold and silver resource. The company's Nevada focus arose from management's considerable knowledge of the region and Nevada's key position in world gold output. The state currently produces 78% of U.S. gold and 8% worldwide.
Management: International Senior-Level Experience
Rye Patch management, with extensive major and mid-tier experience worldwide, brings an unusual level of technical, financial and executive skills to a junior company. This outstanding group has developed and operated major mines and managed large exploration budgets on five continents.
Increasing Gold Inventory
The Company intends to sustain this rapid growth through exploration on its existing project portfolio and through acquisitions along some of Nevada's major gold trends.
Timing Right for New Acquisitions
Management is seeking new acquisitions in Nevada, and the timing is excellent. As market conditions decline, attractive projects are coming available on very favorable terms to make Rye Patch well positioned to capitalize on new opportunities in this rapidly-changing market.
Website: http://www.ryepatchgold.com
Phone: 604-638-1588
Email: info@ryepatchgold.com
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