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Detour Gold Corp (DGC.TO)

DGC.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Detour Gold reports Q3 adjusted earnings per share $0.21
Wednesday, 25 Oct 2017 05:33pm EDT 

Oct 25 (Reuters) - Detour Gold Corp :Detour Gold reports third quarter 2017 results.Q3 adjusted earnings per share $0.21.Q3 earnings per share $0.24.Q3 revenue $164 million versus I/B/E/S view $191.5 million.Q3 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Detour Gold Corp - ‍sees 2017 gold production 550,000 oz - 600,000​ oz.Detour Gold - ‍projected capital expenditures for 2017 remain as previously stated at about $160 to $180 million with higher capitalized stripping costs​.  Full Article

Detour Gold says Minister of Environment, Climate Change declined to designate west detour project under Canadian Environmental Assessment Act​
Wednesday, 13 Sep 2017 05:00pm EDT 

Sept 14 (Reuters) - Detour Gold Corp :Detour Gold Corp - ‍federal Minister of Environment, Climate Change has declined to designate west detour project under Canadian Environmental Assessment Act​.Detour Gold Corp - west detour ‍project will therefore remain under provincial environmental assessment permitting process ​.Detour Gold Corp - ‍does not intend to change overall timing for development of west detour.​.  Full Article

Detour Gold provides update on criminal negligence charge
Tuesday, 5 Sep 2017 08:30am EDT 

Sept 5 (Reuters) - Detour Gold Corp ::Detour Gold provides update on criminal negligence charge.Detour Gold-‍entered plea of guilty to one count of criminal negligence causing death related to fatality that occurred at co's lake mine site in June 2015​.Detour Gold - ‍accepted responsibility for death of 1 employee from acute cyanide intoxication via skin absorption while working at detour lake mine site.Detour Gold Corp - ‍was ordered to pay a fine of C$1.4 million plus a corresponding 30% surcharge related to the negligence.Detour Gold Corp - ‍as result of pleading guilty to 1 count of criminal negligence causing death, occupational health and safety act charges withdrawn​.  Full Article

Detour Gold Q2 earnings per share $0.14
Wednesday, 26 Jul 2017 05:07pm EDT 

July 26 (Reuters) - Detour Gold Corp :Detour Gold reports second quarter 2017 results.Q2 adjusted earnings per share $0.15.Q2 earnings per share $0.14.Q2 revenue $180.1 million versus I/B/E/S view $174.8 million.Q2 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Detour Gold Corp - qtrly ‍gold production of 150,138 ounces​.Detour Gold Corp - qtrly ‍mill throughput of 60,259 tpd and mining rate of 277,000 tpd​.Detour Gold Corp - ‍detour Gold's guidance for 2017 is unchanged at between 550,000 and 600,000 ounces of gold​.Detour Gold Corp - sees FY ‍total cash costs of $690 to $750 per ounce sold​.Detour Gold Corp - ‍all-in sustaining costs are expected to be towards upper end of guidance range for FY of $1,025 and $1,125 per ounce sold​.Detour Gold Corp - projected capital expenditures for 2017 remain as previously stated at approximately $160 to $180 million.Detour Gold Corp - gold recovery is expected to improve during second half of year with commissioning of lead nitrate system having started in July.  Full Article

Prism Resources says deal to sell certain Ontario properties to AuRico Metals terminated
Friday, 21 Jul 2017 11:18am EDT 

July 21 (Reuters) - Prism Resources Inc ::Prism Resources Inc. agreement in respect of the sale of a 7.5% net profits interest not proceeding.Co, AuRico received a written communication from Detour claiming royalty is " invalid and unenforceable against Detour".Its agreement with AuRico to sell to AuRico its 7.5% net profit interest in Aurora and Sunday Lake Properties has been terminated.  Full Article

DETOUR GOLD Q1 EARNINGS PER SHARE $0.03
Thursday, 27 Apr 2017 05:57pm EDT 

April 27 (Reuters) - Detour Gold Corp ::DETOUR GOLD REPORTS FIRST QUARTER 2017 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.06.Q1 EARNINGS PER SHARE $0.03.Q1 REVENUE $163.7 MILLION.DETOUR GOLD CORP - QTRLY GOLD PRODUCTION OF 131,418 OUNCES.DETOUR GOLD CORP - QTRLY TOTAL CASH COSTS OF $788 PER OUNCE SOLD AND AISC OF $1,118 PER OUNCE SOLD.Q1 EARNINGS PER SHARE VIEW $0.02, REVENUE VIEW $164.4 MILLION -- THOMSON REUTERS I/B/E/S.QTRLY AVERAGE MILL THROUGHPUT OF 58,114 TPD AND MINING RATE OF 242,000 TPD.DETOUR GOLD CORP - DETOUR GOLD'S GUIDANCE FOR 2017 IS BETWEEN 550,000 AND 600,000 OUNCES OF GOLD.DETOUR GOLD CORP - PROJECTED CAPITAL EXPENDITURES FOR 2017 REMAIN AS PREVIOUSLY STATED AT APPROXIMATELY $160 TO $180 MILLION.DETOUR GOLD CORP - SEES FY TOTAL CASH COSTS OF $690 TO $750 PER OUNCE SOLD.DETOUR GOLD CORP - ALL-IN SUSTAINING COSTS ARE EXPECTED TO BE BETWEEN $1,025 AND $1,125 PER OUNCE SOLD FOR FY."MINING RATES ARE EXPECTED TO COMMENCE TRENDING HIGHER STARTING IN Q2".Q1 EARNINGS PER SHARE VIEW $0.02 -- THOMSON REUTERS I/B/E/S.Q1 REVENUE VIEW $164.4 MILLION -- THOMSON REUTERS I/B/E/S.DETOUR GOLD - IN PROCESS OF ARRANGING UP TO $500 MILLION IN BANK DEBT WHICH WILL BE USED TO REPAY OUTSTANDING CONVERTIBLE NOTES OF CURRENTLY $338 MILLION.DETOUR GOLD - IN PROCESS OF ARRANGING UP TO $500 MILLION IN BANK DEBT WHICH WILL ALSO REPLACE COMPANY'S SENIOR SECURED CREDIT FACILITY OF CDN$135 MILLION.  Full Article

Detour Gold posts Q4 adjusted loss per share $0.03
Wednesday, 22 Mar 2017 06:43pm EDT 

Detour Gold Corp : Detour Gold reports fourth quarter and full-year 2016 results . Q4 adjusted loss per share $0.03 . Q4 loss per share $0.08 . Q4 earnings per share view $0.04 -- Thomson Reuters I/B/E/S . Quarterly gold production of 143,512 ounces . Says company plans to arrange up to $450 million in financing in 2017 to ensure its future liquidity needs are well managed . Qtrly revenues of $176.6 million versus $145.7 million .Detour gold corp - co is in discussions with its mobile fleet equipment vendor to assess availability of obtaining a debt facility of up to $100 million.  Full Article

Detour Gold sees 2018 gold production between 600,000 to 670,000 ounces
Tuesday, 1 Nov 2016 09:29pm EDT 

Detour Gold Corp : Detour Gold provides preliminary 2017 outlook . Says preliminary gold production for 2017 is estimated to be between 540,000 and 590,000 ounces . Says preliminary 2017 mine plan is dependent on year-end face position in campbell pit area . Continues to expect to refinance less than $300 million of convertible notes at maturity . Preliminary gold production for 2018 expected to range from 600,000 to 670,000 ounces . Does not intend to provide final production and cost guidance for 2018 in Jan 2017 .Detour Gold provides preliminary 2017 outlook.  Full Article

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