Home / Mining Company News Releases (Unreviewed) / The Gold Report Examines How A Silver and Gold Project in Nevada is Going ‘All-In’

The Gold Report Examines How A Silver and Gold Project in Nevada is Going ‘All-In’

SAN FRANCISCO, CA–(Marketwired – June 15, 2017) – 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.

Company included in article: Rye Patch Gold Corp.

Rye Patch Gold Corp. (TSX VENTURE: RPM) (OTCQX: RPMGF) announced the sale of its “3.4% net smelter return royalty for total consideration of US$5,000,000 in cash” on June 1, and on June 6 announced a bought deal offering in Canada “for aggregate gross proceeds of $10,002,200. . .to be used for continued expansion of the Florida Canyon, working capital and general corporate purposes.”

William C. Howald, president and CEO of the Company, stated, “In less than one year, the Company has made the transformation from a Nevada explorer to Nevada’s newest gold producer. The acquisition of the Florida Canyon mine was a transformational transaction that Rye Patch was uniquely positioned to pursue and re-start the mine to create shareholder value.”

In an iA Securities June 2 research report, analyst George Topping noted that the proceeds from the sale of the smelter royalty to Coer Mining “will supplement the cash flow from the Florida Canyon mine to be used towards drilling near mill material, infill drilling, and expanding the known resource.”

Continue reading this article: Going ‘All-In’: Silver and Gold Project Expanding in Nevada

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Investors rely on The Gold Report to share investment ideas for the precious, base and critical metals sector. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

DISCLOSURE:

The following companies mentioned in this article are sponsors of Streetwise Reports: Rye Patch Gold Corp. Streetwise Reports does not accept stock in exchange for its services.

The full disclosure is provided at the end of the published article: Going ‘All-In’: Silver and Gold Project Expanding in Nevada

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Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://feeds.mwnewsroom.com/article/rss?id=2150304. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

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Geology for Investors seeks to demystify mineral exploration and mining projects for mining company investors. All of our writers and contributors are experienced and educated in geology and the geosciences.