1CANADA’S NEXTINTERMEDIATEGOLD PRODUCERAnnual & Special Meeting of ShareholdersMay 9, 2013
2Forward Looking InformationThis presentation contains certain forward-looking information as defined in applicable securi...
3The mineral reserve and resource estimates reported in this presentation were prepared in accordance with CanadianNationa...
4Focus and Discipline Leverage to gold price Optimize operation Organic growth Safe jurisdictionPer Share Value Creati...
5Note: Cash position and share data at April 30, 2013. Conversion price for the Notes isUS$38.50.Share CapitalFULLY DILUTE...
6Focused on One Core AssetDetour Lake - Ontario, Canada Low-risk, safe mining jurisdiction Large prospective land packag...
7PRODUCTION2013Record Timing from “Discovery” to ProductionDetour Lake in 6 yearsACQUISITION/DISCOVERYPRE-FEASIBILITYSTUDY...
8Scorecard Highlights Delivered results in timely manner over last 6 years Built strong management team with track recor...
9Detour Lake in 6 Years$105MMining FleetUS$40MMining Fleet Trade WindsAcquisitionSharePrice(C$)3530252015105040GoldPrice(U...
102012 AchievementsQ1 Q2 Q3 Q4$150M CATfinancing$277M bought dealIBA with Métis$106M bought dealCorporate60% complete...
11H1 2013First gold pour in FebruarySecured $90 million credit facilityCommissioned second production line25,000 m dri...
12Focus on health and safety of our employees, the well-being ofour community and the protection of the natural environmen...
13OP reserves (M oz) 15.6Mill throughput (tpd) 55,000Strip ratio (waste:ore) 3.7Gold recoveries 91%Average grade (g/t) 1.0...
14MAINTENANCELABOURPOWERDIESELG&AROYALTY+OTHER(2% NSR)CONSUMABLES29%22%18%12%8%5%6%Breakdown of 2013-14 TCCOperating Costs...
152013 Ramp UpMining Current stockpiles: 2.6 Mt grading 0.7 g/t 1.6 Mt grading 0.4 g/t Mining rates to ~200,000 tpd by...
16PLANT SITECAMPBELLPITAPPROX. PIT SHELLAT END OF LOMCURRENTPIT SHAPEMINERALIZEDZONESatellite image dated July 2012NORTH W...
17Bench6252mBench6240mGrade ControlDDH Block model 40x40m drill spacing RC GC 20X10m & 10X10m drill spacingBlock Gold Grad...
18Q1 2013Ore tonnes mined (Mt) 1.29Tonnes milled (Mt) 1.02Mill grade (g/t Au) 0.64Recovery (%) 80Availability (%) (1) 66Go...
192013 Guidance 2013 Revised Guidance Total gold production of 260,000 to320,000 oz Post commercial production (Q3):Tot...
20Conventional Milling ProcessPrimary Crusher90,000 tpdMine TrucksSecondary Crushers (2)67,000 tpdPebble Crushers (2)73,00...
21 Grow reserve base to +20 M oz Reserve/resource update for DetourLake mine Evaluate Detour Lake mine expansionand Blo...
22Near-term objectives (1-3 years): Detour Lake reserve/resource update (open pit west expansion) Block A resource updat...
23*Note: Excludes drilling around Detour Lake and M zone (Block A).25,000 min 201315.6 M oz in ReservesOrganic Growth Oppo...
2425,000 min 201315.6 M oz in Reserves20.1g/t/4.5mOrganic Growth OpportunitiesExplorationSouth Structure
25Focus and Discipline Leverage to gold price Optimize operation Organic growth Safe jurisdictionPer Share Value Creat...
26People Who Make Things Happen Succeed.This is all of us at Detour Gold!Thank you for your support.
Upcoming SlideShare
Loading in...5
×

Dgc 13 05_09_agm

1,090

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,090
On Slideshare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • Changes were approved by JG.
  • No change.
  • Greetings to audience and thanks to BMO for hosting conference.I’m very excited to be here and to talk to you about Detour Gold, as it’s a rather unique story and a compelling investment opportunity.On February 18th, we poured our first bars of gold which formally transitioned us from a being a mine developer to a gold producer. It’s a milestone that I’m very proud to have witnessed, especially since the Company was only started six years ago.As we execute on our corporate objectives and reach future milestones, I see Detour Gold having the chance to become a leading intermediate gold producer and a premier investment opportunity for the following reasons:Size of our reserves and resources is world-classForecast annual production levels gives us a meaningful play on goldOrganic growth potential is excellentBeing located in Ontario / Canada brings stability to the fiscal and permitting regimes and ready access to infrastructure and labour marketsAnd lastly, we are fortunate to be supported by a Board of Directors and Management team that has decades of success and experience in the gold industry and is focused on generating returns for our shareholders.
  • Discuss how do we intend to generate returns for our investors:A key to our future success is what we have done to datekeep our share count low so that we offer leverage to the gold price from production, adding new resources, converting resources into reserves and generating free cash flow, all on a per share basis. Those last three words are what investors are looking for and what will differentiate us from others in the sector: Per share Basis that gives superior leverage to the gold price and to growth opportunities in the company.We currently have 118 million shares issued and outstanding which gives us a market capitalization of $2.5 billion.
  • Introduction to DGC only asset but indicating opportunities for further development and exploration.Points to mention:Large land package in northern Ontario covering under-explored Abitibi greenstone belt.Size of the property at 566 km2 is equivalent to the size of entire Timmins camp. While not quite as prolific as the entire Timmins camp yet, it hosts a gold endowment of 30 million ounces with plenty of opportunity to grow this figure.Start small and finish big! The Detour Lake Mine is a large producing asset that gives us a platform for nearby growth from Block A (adjacent to Detour Lake open pit) and exploring for high grade gold mineralization on the property (trucking distance to existing processing facilities).As we say in the business, the best place to find gold is where we’ve found it before, so the fact that we own 100% of this land package is another advantage, as we get 100% of the exploration upside.
  • The success that Detour Gold has enjoyed to date rarely happens this quickly in the gold industry anymore.In 6 years, it has gone from a brownfield site to a world-class mining operation employing over 400 full-time employees.It was the drive, dedication and focus of the team that took the project thru the pre-feasibility and feasibility studies, permitting , construction and now production, and many of these employees are still with us.Our shareholders have been incredibly supportive. They entrusted their capital with us and allowed the project to be built. And over that time, they’ve seen growth in reserves and resources and are now looking forward to gold production.As well, the relationships we have with the First Nations communities and local communities has clearly been a benefit for all.
  • Detour Gold has consistently delivered results: Review of points mentioned in slide.Since the acquisition of Detour Lake, management is focused on execution and delivering results.We have gradually built a strong management team with operating experience and a track record of success.We have increased the resource base by 750%, mostly by successful drilling campaigns at a cost of <$5/oz.Bi mid-2010, we had a positive feasibility study, audited by independent consultants and by year-end with provincial permits in place , we started construction.Here we are today, in production with the first gold pour on February 18, 2013.
  • Introduction to DGC only asset but indicating opportunities for further development and exploration.Points to mention:Large land package in northern Ontario covering under-explored Abitibi greenstone belt.Size of the property at 566 km2 is equivalent to the size of entire Timmins camp. While not quite as prolific as the entire Timmins camp yet, it hosts a gold endowment of 30 million ounces with plenty of opportunity to grow this figure.Start small and finish big! The Detour Lake Mine is a large producing asset that gives us a platform for nearby growth from Block A (adjacent to Detour Lake open pit) and exploring for high grade gold mineralization on the property (trucking distance to existing processing facilities).As we say in the business, the best place to find gold is where we’ve found it before, so the fact that we own 100% of this land package is another advantage, as we get 100% of the exploration upside.
  • Exploration slide simplified to show pipeline. Graphic from next slide to be added to indicate our success in finding ounces.
  • Review main objectives and milestones for 2013.Emphasize the ramp up for first six months. Current focus is the ramp up of Line 1 to achieve nameplate and start commissioning Line 2 in March. The Company should be in a position to declare commercial production in early Q3 and by year-end reach design throughput. We still plan the year with a gold production target of +350,000 ounces.The $90 million credit facility is expected to be in place in April 2013 should we need to drawdown.Our objective is to further advance our evaluation of a potential mine expansion, which will include model revisions for the Detour Lake mine and pre-feasibility study for Block A. Exploration remains a priority with 20,000 m planned for 2013.
  • Without the support of the local communities including First Nations and Metis, we would not be where we are today.We are currently implementing four Aboriginal agreements with a strong focus on training and job creation.Figures to use if needed:$1.4 M in scholarship commitments to date$8.1 M in training funding (prov. and fed.)$450,000 in Aboriginal cultural funding$400 M in Aboriginal JV business during construction phaseWe employ over 400 people at site, of which 95% are from the region and northern Ontario. The town of Cochrane, closest community to the mine site, is our base. Our objective is maximize economic opportunities for the region and bring meaningful long-term socio-economic benefits for all of us.INTRODUCE GOLD POUR VIDEO
  • The Detour Lake Mine is a world-class gold deposit. It currently hosts 15.6 million ozs of proven and probable reserves, and we are confident that there will be more additions in the years to come.With gold resources totaling nearly 30 million ozs, it ranks among the super-giant deposits in the world, where there have only been 50 [GP knows the #] deposits of this size discovered in all of history.The mill was built with an initial throughput capacity of 55,000 tpd using conventional crushing, grinding and CIP leaching .On average, over the 21.5 year LOM production, we expect to produce over 657,000 ozs of gold per year.And at a capital cost of $1.5 billion (equivalent to approx. $100/oz based on the current reserves), this is very attractive given the capital required to bring new production on stream in this environment.
  • This slide shows the breakdown of our LOM operating costs which we expect will average about $750/oz. While Detour Lake is a low-grade gold deposit, our total cash costs are competitive and we estimate that we are close to the 50th percentile on global cash costs.We do see cost pressure on both labour and consumables (making 47% our total costs for 2013-14). We are working with the province of Ontario to obtain long-term contracts for power as currently our costs are approx. 8 cents per kwh.Almost, all our opex is Canadian $ denominated, so we intend to put in place a currency hedging program to mitigate cost increases from further strengthening of the Cad$.
  • Review of the ramp up for both mining and milling.
  • Location of current mining activities and closeness to plant facilities and waste stockpiles.If we are going to use this slide, I think GP should have a laser pointer and point out a few physical locations on the slide and give approx. distance of pit to mill; location of former Campbell pit; Block A; tailings to the east; permanent camp 4-5 km to the west.**Will look into replacing this slide with a better schematic**
  • The Detour Lake Mine is a world-class gold deposit. It currently hosts 15.6 million ozs of proven and probable reserves, and we are confident that there will be more additions in the years to come.With gold resources totaling nearly 30 million ozs, it ranks among the super-giant deposits in the world, where there have only been 50 [GP knows the #] deposits of this size discovered in all of history.The mill was built with an initial throughput capacity of 55,000 tpd using conventional crushing, grinding and CIP leaching .On average, over the 21.5 year LOM production, we expect to produce over 657,000 ozs of gold per year.And at a capital cost of $1.5 billion (equivalent to approx. $100/oz based on the current reserves), this is very attractive given the capital required to bring new production on stream in this environment.
  • Review of 2013 guidance.
  • Detour Lake’s metallurgy is simple as over 98% of the gold is free. We anticipate over 91% gold recovery rate.Processing plant is a conventional gravity and CIP plant.Since day one we opted to build two independent grinding lines as a “safety” net measurePlant is also designed for a potential expansion (additional capacity in primary crusher)
  • What is next after Detour Lake mine? Company’s cost to find ounces (resources) has been <$5/oz with successful conversion of inferred resources into reserves.Discuss briefly Growth opportunities:Block AExpansion to >75,000 tpdExploration for HG gold mineralization (transport ore to existing plant).
  • Greetings to audience and thanks to BMO for hosting conference.I’m very excited to be here and to talk to you about Detour Gold, as it’s a rather unique story and a compelling investment opportunity.On February 18th, we poured our first bars of gold which formally transitioned us from a being a mine developer to a gold producer. It’s a milestone that I’m very proud to have witnessed, especially since the Company was only started six years ago.As we execute on our corporate objectives and reach future milestones, I see Detour Gold having the chance to become a leading intermediate gold producer and a premier investment opportunity for the following reasons:Size of our reserves and resources is world-classForecast annual production levels gives us a meaningful play on goldOrganic growth potential is excellentBeing located in Ontario / Canada brings stability to the fiscal and permitting regimes and ready access to infrastructure and labour marketsAnd lastly, we are fortunate to be supported by a Board of Directors and Management team that has decades of success and experience in the gold industry and is focused on generating returns for our shareholders.
  • Thank you.Conclusion points:Detour Gold’s management is focus and disciplined.2013 objective is the successful ramp up of Detour Lake mineDetour Lake has the potential to generate significant free cash flow over the LOM. We will evaluate opportunities for shareholder benefits:Repay debtCapital requirementsExploration effortsEstablish dividend policyAcquisitions
  • Dgc 13 05_09_agm

    1. 1. 1CANADA’S NEXTINTERMEDIATEGOLD PRODUCERAnnual & Special Meeting of ShareholdersMay 9, 2013
    2. 2. 2Forward Looking InformationThis presentation contains certain forward-looking information as defined in applicable securities laws (referred to herein as“forward-looking statements”). Specifically, this presentation contains forward-looking statements regarding thecommencement of commercial production at the Detour Lake mine, 2013 guidance for gold production and total cash costs,reserve and resource estimates, ore grade, expected mine life, average annual gold production, gold recovery, cash operatingcosts and other costs, sensitivity to metal prices and other sensitivities, ramp-up of operations, mining rates reachingapproximately 200,000 tpd by year-end 2013, future operating plans, potential expansion opportunities, and plans for organicgrowth which includes growing mineral reserves to more than 20 million ounces. Forward-looking statements involve knownand unknown risks, uncertainties and other factors which are beyond Detour Gold’s ability to predict or control and may causeDetour Gold’s actual results, performance or achievements to be materially different from any of its future results, performanceor achievements expressed or implied by forward-looking statements. These risks, uncertainties and other factors include, butare not limited to, gold price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geologicaldata, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate andexchange rate fluctuations, general economic conditions and other risks involved in the gold exploration and developmentindustry, as well as those risk factors discussed in the section entitled “Description of Business - Risk Factors” in Detour Gold’s2012 AIF and in the continuous disclosure documents filed by Detour Gold on and available on SEDAR at www.sedar.com.Such forward-looking statements are also based on a number of assumptions which may prove to be incorrect, including, butnot limited to, assumptions about the following: the availability of financing for exploration and development activities;operating and capital costs; the Company’s ability to attract and retain skilled staff; the mine development schedule; sensitivityto metal prices and other sensitivities; the supply and demand for, and the level and volatility of the price of, gold; timing of thereceipt of regulatory and governmental approvals for development projects and other operations; the supply and availability ofconsumables and services; the exchange rates of the Canadian dollar to the U.S. dollar; energy and fuel costs; the accuracy ofreserve and resource estimates and the assumptions on which the reserve and resource estimates are based; marketcompetition; ongoing relations with employees and impacted communities and general business and economic conditions.Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statementscontained herein are made as of the date hereof, or such other date or dates specified in such statements. Detour Goldundertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as aresult of new information or future events or otherwise, except as may be required by law. If the Company does update one ormore forward-looking statements, no inference should be drawn that it will make additional updates with respect to those orother forward-looking statements.
    3. 3. 3The mineral reserve and resource estimates reported in this presentation were prepared in accordance with CanadianNational Instrument 43-101Standards of Disclosure for Mineral Projects (“NI 43-101”), as required by Canadian securitiesregulatory authorities. For United States reporting purposes, the United States Securities and Exchange Commission (“SEC”)applies different standards in order to classify mineralization as a reserve. In particular, while the terms “measured,” “indicated”and “inferred” mineral resources are required pursuant to NI 43-101, the SEC does not recognize such terms. Canadianstandards differ significantly from the requirements of the SEC. Investors are cautioned not to assume that any part or all ofthe mineral deposits in these categories constitute or will ever be converted into reserves. In addition, “inferred” mineralresources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legalfeasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category.Under Canadian securities laws, issuers must not make any disclosure of results of an economic analysis that includesinferred mineral resources, except in rare cases.On September 4, 2012, Detour Gold announced an updated mine production plan for the Detour Lake project. The NI 43-101compliant Technical Report for this update was filed on SEDAR on October 18, 2012. The following QPs participated in thisupdate: BBA Inc., under the direction of André Allaire, Eng., Vice-President, Markets – Mining and Metals and Patrice Live,Eng., Mining Manager; SGS Canada Inc., under the direction of Michel Dagbert, Eng., Senior Geostatistician and MaximeDupéré, P.Geo., Senior Geologist; and AMEC Environment & Infrastructure, a Division of AMEC Americas Limited, David G.Ritchie M.Eng., P.Eng, Senior Associate Geotechnical Engineer.NI-43 101 DisclosureInformation Containing Estimates of Mineral Reserves and Resources
    4. 4. 4Focus and Discipline Leverage to gold price Optimize operation Organic growth Safe jurisdictionPer Share Value Creation Free cash flow growth Limit share dilution Return on capitalInvest in Detour GoldOur VisionBecome a leading intermediate gold producer andpremier investment opportunity
    5. 5. 5Note: Cash position and share data at April 30, 2013. Conversion price for the Notes isUS$38.50.Share CapitalFULLY DILUTED138.9 MOPTIONS & FN SHARECOMMITMENTS9.0 MCONVERTIBLENOTES13.0 MISSUED ANDOUTSTANDING117.9MC$1.4 BC$128 MTOPSHAREHOLDERSMARKET CAPCASH POSITIONPAULSON & CO: 15%INSTITUTIONS TOTAL: >80%
    6. 6. 6Focused on One Core AssetDetour Lake - Ontario, Canada Low-risk, safe mining jurisdiction Large prospective land package of 566 km2 on Abitibi Greenstone Belt› Detour Lake open pit mine – 15.6 M oz in reserves› Significant potential to expand mineral resources› Exploration upside
    7. 7. 7PRODUCTION2013Record Timing from “Discovery” to ProductionDetour Lake in 6 yearsACQUISITION/DISCOVERYPRE-FEASIBILITYSTUDYFEASIBILITYSTUDY &PERMITTINGDEVELOPMENT PRODUCTION2007 2009 2010 2011-12 2013From Core to Pour
    8. 8. 8Scorecard Highlights Delivered results in timely manner over last 6 years Built strong management team with track record of success Increased mineral resources by 750% since acquisition at <$5/oz Completed positive economic studies over a 2-year period Raised over $2 billion (equity + debt) Completed mine construction on time (27 months) Obtained strong community and Aboriginal support Started gold production in Q1 2013FocusQ3 Q4Strategy: ExecutionDiscipline
    9. 9. 9Detour Lake in 6 Years$105MMining FleetUS$40MMining Fleet Trade WindsAcquisitionSharePrice(C$)3530252015105040GoldPrice(US$/oz)1,6501,3009506002,0002011 2012 20132007 2008 2009 2010DGC PriceGold PriceProject AdvancementFinancing Activity$35MIPOM&I Res.4.8 M oz$65MBDMineDevelopmentTeamExpanded$48MBDPFSReserves8.8 M ozFSReserves11.4 M oz$275MBD$282MBDProvincialPermitsUS$500MDebtReserves14.9M oz$428MBD$10MFlow Through$277MBDReserves15.6M oz$106MBDFirstGoldPourRevisedMineProductionPlanM&I Res.10.8 M oz$135MDebt
    10. 10. 102012 AchievementsQ1 Q2 Q3 Q4$150M CATfinancing$277M bought dealIBA with Métis$106M bought dealCorporate60% completeMineral reserveupdate97% completeStart of millcommissioningTailing dam first cell liftOre stockpile of2.2 Mt @ 0.8 g/tDetour LakeConstruction (1)75% complete230 kV power linecomplete92% complete230 kV power lineconnected to gridUpdated mineproduction planRegional 5,067 mdrilling programBlock A 50,000mdrilling programcompletedExploration231 462Employee # (2)309 38120121. Completion mark at end of each quarter.2. Full-time DGC employees at end of each quarter.
    11. 11. 11H1 2013First gold pour in FebruarySecured $90 million credit facilityCommissioned second production line25,000 m drilling program targeting high-gradegold mineralizationH2 2013 Achieving commercial production in Q3 Gold production target of between 260,000 and320,000 ounces for the year Year-end mineral resources/reserves update2013 Objectives
    12. 12. 12Focus on health and safety of our employees, the well-being ofour community and the protection of the natural environment Hiring in the region, giving priority to local Aboriginal communities: 95% of workforce from region 28% are Aboriginals Scholarship and job training Supporting local communities Business opportunities Participation in municipal development Corporate philanthropyNORTHERNONTARIO44%COCHRANE25%COCHRANEAREA26%REST OFONTARIO3%2%OTHERCorporate ResponsibilityWORKFORCE ORIGIN
    13. 13. 13OP reserves (M oz) 15.6Mill throughput (tpd) 55,000Strip ratio (waste:ore) 3.7Gold recoveries 91%Average grade (g/t) 1.03Estimated mine life (yrs) 21.5Avg. production (oz/yr) 657,000Initial capex (C$ B) 1.5Sustaining capex (C$ B) 1.2Detour Lake Mine at a GlanceGold production started in February 2013
    14. 14. 14MAINTENANCELABOURPOWERDIESELG&AROYALTY+OTHER(2% NSR)CONSUMABLES29%22%18%12%8%5%6%Breakdown of 2013-14 TCCOperating Costs (LOM) C$/t milled C$/t mined C$/ozMining costs 11.65 2.49 388Processing cost 7.83 -- 260G&A 1.86 -- 62Cash operating costs 21.34 -- 710Royalty (2%) and other 1.26 -- 42Refining 0.12 -- 4Silver credit (0.20) -- (7)Total cash costs (TCC) 22.52 -- 749A 10% change in:Diesel or power costs = $9/oz change in TCCCdn$ FX rate = $63/oz in TCCProjected LOM Operating Costs
    15. 15. 152013 Ramp UpMining Current stockpiles: 2.6 Mt grading 0.7 g/t 1.6 Mt grading 0.4 g/t Mining rates to ~200,000 tpd byyear-end Mining fleet of 20 haul trucks &4 shovelsProcessing Plant 55,000 tpd conventional gravity andCIP processing plant with twoproduction lines Line 1 & 2 in operation Optimize and improve efficiencies
    16. 16. 16PLANT SITECAMPBELLPITAPPROX. PIT SHELLAT END OF LOMCURRENTPIT SHAPEMINERALIZEDZONESatellite image dated July 2012NORTH WASTEDUMPMining Production
    17. 17. 17Bench6252mBench6240mGrade ControlDDH Block model 40x40m drill spacing RC GC 20X10m & 10X10m drill spacingBlock Gold Grade(g/t)< 0.3< 0.5< 0.8< 2.0> = 2.0
    18. 18. 18Q1 2013Ore tonnes mined (Mt) 1.29Tonnes milled (Mt) 1.02Mill grade (g/t Au) 0.64Recovery (%) 80Availability (%) (1) 66Gold produced (oz) (2) 16,841Q1 Operation Statistics(1) Quarterly period starting on January 12 withfirst production line and on March 9 with secondproduction line. Availability averaged 70% forboth production lines in the last week of March.(2) 7,300 oz poured and 9,541 oz of plantinventory.
    19. 19. 192013 Guidance 2013 Revised Guidance Total gold production of 260,000 to320,000 oz Post commercial production (Q3):Total cash costs of C$800 toC$1,000/oz Sustaining capital: C$180 M($45 M incurred in Q1) Commercial production target in Q3NOTE: Commercial production to be declared after 60consecutive days of operating at >75% of throughput(55,000 tpd x 75% = 41,250 tpd)
    20. 20. 20Conventional Milling ProcessPrimary Crusher90,000 tpdMine TrucksSecondary Crushers (2)67,000 tpdPebble Crushers (2)73,000 tpdToMarketGoldDoré BarsGoldFurnaceGoldElectrowinningCarbonStrippingToGravityCircuitToGravityCircuitStockpile SAG Mills (2)55,000 tpdBall Mills (2)55,000 tpdCIPLeachTailings
    21. 21. 21 Grow reserve base to +20 M oz Reserve/resource update for DetourLake mine Evaluate Detour Lake mine expansionand Block A Large prospective land position of566 km2 Tested gold targets on structuressouth of Detour Lake: 25,000 mcompleted (partial results received)Inferred M&I P&P10M oz20M oz30M oz15.614.911.48.8Organic Growth Opportunities
    22. 22. 22Near-term objectives (1-3 years): Detour Lake reserve/resource update (open pit west expansion) Block A resource update Evaluation of potential expansion optionsOrganic Growth Opportunities
    23. 23. 23*Note: Excludes drilling around Detour Lake and M zone (Block A).25,000 min 201315.6 M oz in ReservesOrganic Growth OpportunitiesExplorationSouth Structure
    24. 24. 2425,000 min 201315.6 M oz in Reserves20.1g/t/4.5mOrganic Growth OpportunitiesExplorationSouth Structure
    25. 25. 25Focus and Discipline Leverage to gold price Optimize operation Organic growth Safe jurisdictionPer Share Value Creation Free cash flow growth Limit share dilution Return on capitalInvest in Detour GoldOur VisionBecome a leading intermediate gold producer andpremier investment opportunity
    26. 26. 26People Who Make Things Happen Succeed.This is all of us at Detour Gold!Thank you for your support.
    1. A particular slide catching your eye?

      Clipping is a handy way to collect important slides you want to go back to later.

    ×