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Detour Gold Corp (DRGDF.PK)

DRGDF.PK on OTC Markets Group

12.77USD
30 Nov 2016
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Latest Key Developments (Source: Significant Developments)

Detour Gold re-purchases $60 mln of convertible notes
Monday, 22 Aug 2016 07:00am EDT 

Detour Gold Corp : Detour Gold re-purchases $60 million of convertible notes .Says "we expect to re-finance less than $300 million of notes at maturity".  Full Article

Detour Gold Q2 adjusted earnings per share $0.02
Thursday, 28 Jul 2016 07:03am EDT 

Detour Gold Corp : Detour Gold Corp says for Q2 total cash costs of $691 per ounce sold and AISC of $1,030 per ounce sold . Accelerated its debt reduction program by buying back $82 million of debt from cash flow in Q2 . Now in a position to have surplus cash to meet debt reduction target of $300 million by year-end . To remove upper end of annual production guidance . Company is narrowing its 2016 gold production guidance to between 540,000 and 570,000 ounces . Detour Gold Corp qtrly gold production totaled 139,359 ounces, in line with company's quarterly guidance range . Detour Gold reports second quarter 2016 results . Q2 adjusted earnings per share $0.02 . Q2 loss per share $0.18 . Q2 earnings per share view $0.07 -- Thomson Reuters I/B/E/S . Q2 revenue $166.7 million versus I/B/E/S view $185.7 million .Detour Gold Corp says Q2 revenues of $166.7 million on gold sales of 131,606 ounces at an average realized price of $1,230 per ounce.  Full Article

Detour Gold provides operational update for Detour Lake Mine Tour on June 7
Monday, 6 Jun 2016 05:48pm EDT 

Detour Gold Corp : Gold production for Q2 is forecast to be at mid-point of quarterly range guidance of 125,000 to 150,000 ounces . Reiterates its 2016 guidance of between 540,000 and 590,000 ounces of gold at total cash costs of us$675 to $750 per ounce sold .Detour Gold provides operational update for Detour Lake Mine Tour on June 7.  Full Article

Detour Gold Corp gives FY 2016 production guidance
Monday, 25 Jan 2016 07:00am EST 

Detour Gold Corp:Sees FY 2016 gold production of 540,000-590,000 (oz).  Full Article

Detour Gold Corp reaffirms FY 2015 production guidance
Tuesday, 28 Apr 2015 06:31pm EDT 

Detour Gold Corp:Confirms FY 2015 guidance of between 475,000 and 525,000 ounces of gold at total cash costs of $780 to $850 per ounce sold.  Full Article

Detour Gold completes C$162 million bought deal offering
Tuesday, 10 Feb 2015 09:47am EST 

Detour Gold:Completes Public offering of 12,650,000 common shares , pursuant to its short form prospectus dated Feb. 03, raising gross proceeds of C$161,920,000.Underwriters, led by BMO Capital Markets, purchased all of the 1,650,000 Common Shares available for issuance pursuant to the exercise of their over-allotment option, in addition to 11,000,000 Common Shares that underwriters initially agreed to purchase.Intends to use the net proceeds of about $124 mln at current exchange rates to repay its outstanding indebtedness under both its senior secured revolving credit facility ($30 mln) and its mobile fleet finance lease with Caterpillar Financial Services Limited ($94 mln).  Full Article

Detour Gold Corp announces C$141 mln bought deal offering
Wednesday, 21 Jan 2015 08:02am EST 

Detour Gold Corp:Announces 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 11,000,000 common shares of the Company at a price of C$12.80 per Common Share, representing aggregate gross proceeds of C$140,800,000.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 1,650,000 Common Shares for additional gross proceeds of up to C$21,120,00.Intends to use the net proceeds of the offering to repay all outstanding indebtedness ($30 million) under its senior secured revolving credit facility.  Full Article

Detour Gold Corp gives FY 2015 production guidance
Thursday, 15 Jan 2015 07:00am EST 

Detour Gold Corp:Expects FY 2015 gold production in the range of 475,000 ounces - 525,000 ounces.  Full Article

BRIEF-Detour Gold sees 2018 gold production between 600,000 to 670,000 ounces

* Says preliminary gold production for 2017 is estimated to be between 540,000 and 590,000 ounces