Key Developments: Detour Gold Corp (DRGDF.PK)

DRGDF.PK on OTC Markets Group

13.56USD
10 Jul 2014
Price Change (% chg)

$-0.41 (-2.97%)
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$13.98
Open
$14.32
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$14.40
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$13.50
Volume
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$14.50
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Latest Key Developments (Source: Significant Developments)

Detour Gold Corp reaffirms FY 2014 gold production guidance
Wednesday, 30 Apr 2014 07:00pm EDT 

Detour Gold Corp:Says that it remain on track to meet FY 2014 gold production guidance of 450,000 to 500,000 ounces.  Full Article

Detour Gold Corp completes C$173 mln bought deal offering
Friday, 7 Mar 2014 08:37am EST 

Detour Gold Corp:Completed previously announced public offering of 18,653,000 common shares raising gross proceeds of C$172,540,250.Intends to use the net proceeds to repay debt and for sustaining capital requirements, debt servicing costs and for general corporate purposes and to improve working capital balances.  Full Article

Detour Gold Corp announces C$150 mln bought deal offering
Tuesday, 18 Feb 2014 03:15pm EST 

Detour Gold Corp:Says it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets and RBC Capital Markets.Says the underwriters have agreed to buy 16,220,000 common shares of the company at a price of C$9.25 per Common Share, representing aggregate gross proceeds of C$150,035,000.Says the company intends to use up to half of the net proceeds of the offering to reduce short-term debt levels and the remainder for working capital purposes.Says the closing of this offering is expected to be on or about Mar. 7.  Full Article

Detour Gold Corp announces appointment of CEO and CFO
Tuesday, 18 Feb 2014 08:37am EST 

Detour Gold Corp:Says the appointment of Paul Martin as President and Chief Executive Officer.  Full Article

Detour Gold Corp gives FY 2014 production outlook
Monday, 27 Jan 2014 08:00am EST 

Detour Gold Corp:Sees FY 2014 production between 450,000 and 500,000 ounces of gold at an estimated total cash cost of $800 to $900 per ounce of gold sold.  Full Article

Detour Gold Corp's Chief Executive Officer Gerald Panneton resigns - Reuters
Monday, 25 Nov 2013 10:42am EST 

Detour Gold Corp:Says Chief Executive Officer Gerald Panneton had resigned - Reuters.Says Panneton resigned effective immediately and Chief Financial Officer Paul Martin will replace him on an interim basis.  Full Article

Detour Gold Corp Lowers FY 2013 Production Guidance
Thursday, 7 Nov 2013 09:16pm EST 

Detour Gold Corp lowered its fiscal 2013 production guidance and expects production to be in the range of 240,000 to 260,000 ounces of gold.  Full Article

Detour Gold Corp Reaffirms FY 2013 Production Guidance
Wednesday, 9 Oct 2013 08:55am EDT 

Detour Gold Corp announced that the production guidance of approximately 270,000 ounces for fiscal 2013 remains unchanged.  Full Article

Detour Gold Corp Reaffirms FY 2013 Production Guidance-Conference Call
Wednesday, 10 Jul 2013 07:30pm EDT 

Detour Gold Corp announced at that for fiscal 2013, it expect to produce about 260,000 to 320,000 ounces as announced on May 9, 2013. There are no change on revised guidance. Also a guidance can always be revised if necessary.  Full Article

Detour Gold Corp Announces CAD153 Million Bought Deal Offering
Tuesday, 21 May 2013 03:15pm EDT 

Detour Gold Corp announced that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, under which the underwriters have agreed to buy 17,500,000 common shares of the Company (Common Shares) at a price of CAD8.75 per Common Share, representing aggregate gross proceeds of CAD153,125,000. In addition, the underwriters will also have an over-allotment option exercisable at any time until 30 days following the closing of the offering to increase the size of this offering by up to an additional 2,625,000 Common Shares for additional gross proceeds of up to CAD22,968,750. The Company intends to use the net proceeds of the offering for working capital during the ramp-up of the Detour Lake mine and for general corporate purposes. Closing of this offering is expected to be on or about June 11, 2013 and is subject to certain conditions, including but not limited to, receipt of all necessary securities regulatory approvals (including the approval of the Toronto Stock Exchange).  Full Article

Bruised gold miners start hedging output, in a limited way

LONDON, March 14 - Increasing numbers of gold miners, battered by last year's drop in bullion prices, are selling planned output forward to help shore up their finances for stormy times, but these hedges are only for the short term.

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