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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

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Rye Patch Gold > Hedging Agreement

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Post by Blacknite4 on May 01, 2017 1:09pm

Hedging Agreement

Anybody know the terms of the 100% hedging agreement RPM has in place at the moment for $1276? obviously it's a good thing presently as a means a steady and stable good return during start up while gold is beneath that, but not for any longer than a year imo as I suspect gold will be significantly higher than $1276 an oz by then.

Is it optional or contracted for a certain period for 100% of the gold poured? I can't find this information anywhere. You can PM me if you like.

Thanks,
bn

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Comment by stockmaster989 on May 01, 2017 1:29pm

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Comment by Blacknite4 on May 01, 2017 4:20pm

Thanks stockmaster989. Is that a total of 150,000 ounces of gold hedged over 5 year span or 150,000 ounces per year? That must be total as they obviously will only produce maybe 40-45,000 ounces this yrear and maybe only 75 - 100,000 ounces next year if all goes well according to plan. bn

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