Rye Patch Gold (RPM.V) has announced an update on the production status of the Rochester mine in Nevada, operated by Coeur Mining (CDM.TO, NYSE:CDE). Rochester produced approximately 750,000 ounces of silver and almost 8,200 ounces of gold during Q1, and Rye Patch Gold should have received the first quarterly payment of the 3.4% NSR it holds last week and we’re looking forward to see an official update from the company.
This is a historical moment for Rye Patch as the royalty payments will allow the company to fund its exploration expenditures on its own properties in Nevada and to top up the treasury again.
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Disclosure: The author holds no position in Rye Patch Gold. Please see our disclaimer for current positions.
