A Very Special Update! – Wed 3 Jan, 2018

RYE PATCH GOLD COMPLETES 2017 PRINCIPAL REPAYMENTS ON ITS CREDIT FACILITY

RYE PATCH GOLD COMPLETES 2017 PRINCIPAL REPAYMENTS ON ITS CREDIT FACILITY

Vancouver, British Columbia, January 3, 2018 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports that in December, 2017, the Company completed its US$4.0 million principal repayment and paid US$609,000 in interest pursuant to its credit agreement with Macquarie Bank Limited. An aggregate of US$5.1 million in principal repayments was made in 2017, reducing the outstanding principal balance to US$21.8 million. The credit facility was used in the construction and re-start of the Company’s flagship Florida Canyon mine in Pershing County, Nevada.

“Now that the Florida Canyon Mine is up and running, our priority is the reduction of this debt. With approximately 20% of the outstanding balance already repaid in 2017, and with repayments scheduled for 2018, the majority of the credit facility is forecast to be repaid by year’s end,” commented William C. Howald, the Company’s President and CEO.

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 mining operations, resource projects and exploration upside.

The combination of operations and organic growth 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 C. (Bill) Howald, CEO & President

For additional information contact:
Rye Patch Gold Corp
investorrelations@ryepatchgold.com
Tel.: (604) 638-1588

Forward-Looking Statements
This news release contains forward-looking statements relating to future plans and objectives of the Company, future deliveries of gold, proposed operations of the Company including mine development, funding requirements, timeline for commercial production, future events and conditions and other statements that are not historical facts, all of which are based on assumptions and subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward‑looking statements as a result of the following assumptions and risk factors, some of which may be beyond the Company’s control. These assumptions and risk factors include: future deliveries of gold pursuant to the forward gold price contract facility, the achievement of mine redevelopment plans and achievement of commercial production; the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources; the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. As a result, the Company cannot guarantee that the Florida Canyon mine redevelopment and achievement of commercial production will be completed on the terms and within the time disclosed herein or at all.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Featuring:
Bill Howald
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Comments:
  1. On January 3, 2018 at 11:33 am,
    CFS says:

    In London:
    BID ASK +/- LDN Time
    GOLD 1,310.35 1,310.65 -9.60 19:31
    SILVER 17.110 17.130 -0.065 19:31
    PLATINUM 952.0 957.0 12.0 19:31
    PALLADIUM 1,084.0 1,089.0 -6.0 19:31

  2. On January 3, 2018 at 11:36 am,
    CFS says:

    But in Shanghai:
    Gold $1319.86
    Silver: $18.19

    • On January 3, 2018 at 12:15 pm,
      OOTB Jerry says:

      jpmorgan making a fortune………..on the silver smashing…..

      • On January 3, 2018 at 12:17 pm,
        OOTB Jerry says:

        Money changers…….going to hell in a handbasket……stealing by any other name…

          • On January 3, 2018 at 12:20 pm,
            OOTB Jerry says:

            this is a repeat for anyone who has been on holiday…….central bankers and killers.

          • On January 3, 2018 at 9:08 pm,
            Chartster says:

            Thanks for the good read, OOTB.
            There is quite a bit missing from that, but I learned a little bit too.

          • On January 3, 2018 at 9:12 pm,
            Chartster says:

            ( I should have said )
            Quite a bit of “very important things” missing.

          • On January 4, 2018 at 7:24 am,
            OOTB Jerry says:

            You are welcome Chartster…..
            I will also, have to give credit to b…..he posted the article to me on an earlier discussion and I thought it was a fine piece of info.

  3. On January 3, 2018 at 12:22 pm,
    OOTB Jerry says:
  4. On January 3, 2018 at 12:26 pm,
    OOTB Jerry says:

    Farewell, and do not let the door hit you in the ……Janet bye, bye
    https://www.zerohedge.com/news/2018-01-03/fomc-minutes-preview-janets-farewell

  5. On January 3, 2018 at 12:29 pm,
    OOTB Jerry says:
    • On January 3, 2018 at 12:30 pm,
      OOTB Jerry says:

      Bill , for got to put his pot pipe out……..

  6. On January 3, 2018 at 12:44 pm,
    OOTB Jerry says:
    • On January 3, 2018 at 12:45 pm,
      OOTB Jerry says:

      More importantly, it ignores the demographic-fiscal time bomb of the retiring baby-boom. That is already evident in the projections through FY 2022 when combined spending for baby boomers (including much of Medicaid which goes to the poor elderly and nursing home care) will exceed $2.5 trillion or 63% of total Federal revenues after the GOP tax cut is factored in.

      • On January 3, 2018 at 12:46 pm,
        OOTB Jerry says:

        Military will get the rest…….but, it already gets 54%, ……fuzzy math will not cut it….

  7. On January 3, 2018 at 1:09 pm,
    OOTB Jerry says:

    Debt default on the way…………
    School loans signed by momma and pappa……is going to hit hard….
    https://www.zerohedge.com/news/2018-01-02/arena-investors-prepares-profit-coming-tidal-wave-consumer-debt-charge-offs

    • On January 3, 2018 at 1:10 pm,
      OOTB Jerry says:

      Carmageddon: Deep Subprime Auto Delinquencies Spike To 10-Year Highs
      New Warning Signs Emerge For Subprime Auto Securitizations
      Is The Bubble About To Burst? Student-Loan Delinquency Rates Rise For First Time In Years
      Baby Boomers Borrowed $100BN In Student Loans For Their Children And Now Defaults Are Soaring

  8. On January 3, 2018 at 6:23 pm,
    OOTB Jerry says:
  9. On January 4, 2018 at 10:57 am,
    BigChris says:

    00TB Jerry,
    Check out the book “God’s of Money” by F. William Engdahl, very similar to your post on the Moneychangers!

    • On January 4, 2018 at 2:30 pm,
      OOTB Jerry says:

      Thanks for the tip……….

      • On January 4, 2018 at 2:38 pm,
        OOTB Jerry says:

        … the Morgan and Rockefeller interests deployed fraud, deceit, violence, and bribery – and they deliberately manipulated financial panics. Each financial panic, brought about through their calculated control of financial markets and banking credit, allowed them and their closest allies to consolidate ever more power into fewer and fewer hands. It was this concentration of financial power within an elite few wealthy families that created an American plutocracy or, more accurately, an American oligarchy.

        p20
        Whether it was called an oligarchy or a plutocracy-government by a wealthy “class” – the real power in the spectacular rise of the American Century at the end of the 1890s did not rest democratically in the hands of the majority of / citizens. It did not even lie in the hands of a broad, educated and growing middle class. Power, together with control over the nation’s economy, was being ruthlessly centralized in the hands of the wealthy few, every bit as much as it had been in the days of Imperial Rome.

        • On January 4, 2018 at 4:31 pm,
          BigChris says:

          We can’t forget to name August Belmont who worked for the Rothschild’s as their “man” here in the U.S. in the above commentary.

          • On January 4, 2018 at 6:51 pm,
            OOTB Jerry says:

            Tied to the Vanderbilt , tied to the Pilgrim society….and so on..?