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Bullboard - Stock Discussion Forum Rye Patch Gold RPMGD

Metals & Mining Gold Industrial Metals & Minerals
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. The firm operates in one segment, which is the Exploration and Development of Mineral Properties. The firm operates through two geographical areas, Canada and the state of Nevada in the United States of America. The company's primary... see more

OTCQX:RPMGD - Post Discussion

Rye Patch Gold > NEWS
View:
Post by silverT on May 15, 2017 9:48am

NEWS

VANCOUVER, May 15, 2017

Coeur exercises its right of first refusal

VANCOUVER, May 15, 2017 /CNW/ - Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the "Company" or "Rye Patch") announced today that it has received an election notice from Coeur Rochester, Inc. ("Coeur") to purchase the Company's 3.4% net smelter return royalty (the "Royalty") from the sale of silver and gold processed from the Rochester Mine for US$5.0 million.     


Read more at https://www.stockhouse.com/news/press-releases/2017/05/15/rye-patch-gold-sells-rochester-royalty#mhYwKPsjM5vdlLzW.99
Comment by ts9222 on May 15, 2017 10:52am
Good news. Alleviates any short term cash requirements as predicted by Canaccord.
Comment by rozelli on May 15, 2017 4:12pm
Lots of volume. The spell is broken gentlemen. Looking forward to tomorrows trading.
Comment by Fullplate on May 15, 2017 7:51pm
Large upside volume is always good news. Cashing out of the Rochester NSR greatly lessened the near term cash flow and cash reserves risk due to the delayed start of production at Florida Canyon. With that news in hand, today's buyers were obviously willing to pay the same amount for 8 shares that would have given them 10 shares on Friday.  Funny how that works. There was really little ...more  
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