This document provides an overview and summary of Detour Gold Corporation as an intermediate Canadian gold producer at the Goldman Sachs Global Metals & Mining Conference in November 2014. Some key points:
- Detour Gold has a large reserve base of 15.5 million ounces of gold and an estimated 21+ year mine life at its Detour Lake mine in Ontario, Canada.
- The company's focus is on completing the ramp-up of operations at Detour Lake to reach full mill capacity, further increasing mine output, improving its balance sheet by reducing debt and building cash flows.
- After the first 9 months of 2014, gold production was on track to meet guidance of 450,000-480,000
This corporate presentation by Canada's Intermediate Gold Producer provides the following key information in 3 sentences:
The company has a large reserve base of 15.5 million ounces of gold with a long mine life of over 21 years from its Detour Lake mine in Ontario. It expects to produce over 600,000 ounces of gold annually for the next 10 years while completing the ramp-up of its mining operations and milling facilities. The company's focus for 2014 is on completing the ramp-up at Detour Lake, improving its balance sheet by increasing flexibility of short-term debt and reducing debt, and starting to evaluate future production growth opportunities.
This corporate presentation by Canada's Intermediate Gold Producer provides the following key information in 3 sentences:
The presentation outlines Detour Gold as a low-risk, safe mining jurisdiction in Canada with a large reserve base of 15.5 million ounces of gold and a long mine life of over 21 years, producing over 600,000 ounces of gold annually for the next 10 years. Detour Gold's key focus for 2014 is to complete the ramp-up of its Detour Lake mine to reach full mill capacity, further increase mine output, improve its balance sheet by increasing flexibility of short-term debt and reducing debt, and start evaluating future production growth opportunities. The third quarter 2014 financial results show revenues of $136.2 million
This document provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key points:
- Detour Gold operates the Detour Lake mine in Ontario with 15.5 million ounces of gold reserves and a 21+ year mine life.
- Production is expected to be over 600,000 ounces annually for the next 10 years following completion of the ramp-up phase by the end of 2014.
- Opportunities exist to optimize operations and increase production through initiatives like improving throughput rates and evaluating new production areas.
- The company aims to complete ramp-up, improve its balance sheet through debt repayment, and evaluate next production growth opportunities.
This corporate presentation provides an overview of Detour Gold Corporation as a low-risk, intermediate Canadian gold producer with a large reserve base and long mine life at its Detour Lake mine in Ontario. Key highlights include: 15.5 million ounces of gold in reserves supporting a 21+ year mine life; annual production of over 600,000 ounces of gold for the next 10 years following ramp-up completion in 2014; and opportunities to further optimize operations and pursue production growth.
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company. Some key points:
- Detour Gold operates the Detour Lake mine in Ontario with 15.5 million ounces of gold reserves and a 21+ year mine life.
- Production is ramping up, with over 450,000 ounces expected in 2014 and annual production of over 600,000 ounces for the next 10 years.
- The presentation discusses H1 2014 results, operational progress at the mill and mine, capital expenditures, and near-term opportunities to increase production.
This document provides an overview and update on Detour Gold Corporation's Detour Lake mine in Canada. Some key points:
- Detour Gold is focused on completing the ramp-up of its Detour Lake mine by the end of 2014 to achieve full mill throughput capacity of 55,000 tonnes per day.
- In the first half of 2014, production was 224,520 ounces of gold at a total cash cost of $956 per ounce sold. Full-year production guidance is 450,000-480,000 ounces at a total cash cost of $900-975 per ounce.
- Near-term opportunities discussed to further optimize the mine include increasing throughput, advancing the Block A project, removing the
Detour Gold is a Canadian gold producer with its flagship operation at the Detour Lake Mine in Ontario, Canada. [1] The Detour Lake Mine has proven and probable gold reserves of 15.5 million ounces and an estimated mine life of over 21 years based on an updated mine plan from February 2014. [2] Average annual gold production over the next 10 years is expected to be approximately 600,000 ounces. [3] The main objective of the updated mine plan is to optimize mining and production over the first 5 years of the mine life.
1) The document discusses Detour Gold Corporation's 2014 operating plan and life of mine plan for its Detour Lake mine in Ontario, Canada. The 2014 plan targets producing 450,000-500,000 ounces of gold at total cash costs of $800-900 per ounce sold.
2) The updated life of mine plan extends the mine life to over 20 years with average annual production of 660,000 ounces of gold and total cash costs of $723 per ounce sold. Total proven and probable reserves are estimated at 15.5 million ounces of gold.
3) Opportunities to optimize operations over the life of mine include increasing mill throughput, reducing dilution, improving mill recoveries, expanding reserves through exploration
This corporate presentation by Canada's Intermediate Gold Producer provides the following key information in 3 sentences:
The company has a large reserve base of 15.5 million ounces of gold with a long mine life of over 21 years from its Detour Lake mine in Ontario. It expects to produce over 600,000 ounces of gold annually for the next 10 years while completing the ramp-up of its mining operations and milling facilities. The company's focus for 2014 is on completing the ramp-up at Detour Lake, improving its balance sheet by increasing flexibility of short-term debt and reducing debt, and starting to evaluate future production growth opportunities.
This corporate presentation by Canada's Intermediate Gold Producer provides the following key information in 3 sentences:
The presentation outlines Detour Gold as a low-risk, safe mining jurisdiction in Canada with a large reserve base of 15.5 million ounces of gold and a long mine life of over 21 years, producing over 600,000 ounces of gold annually for the next 10 years. Detour Gold's key focus for 2014 is to complete the ramp-up of its Detour Lake mine to reach full mill capacity, further increase mine output, improve its balance sheet by increasing flexibility of short-term debt and reducing debt, and start evaluating future production growth opportunities. The third quarter 2014 financial results show revenues of $136.2 million
This document provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key points:
- Detour Gold operates the Detour Lake mine in Ontario with 15.5 million ounces of gold reserves and a 21+ year mine life.
- Production is expected to be over 600,000 ounces annually for the next 10 years following completion of the ramp-up phase by the end of 2014.
- Opportunities exist to optimize operations and increase production through initiatives like improving throughput rates and evaluating new production areas.
- The company aims to complete ramp-up, improve its balance sheet through debt repayment, and evaluate next production growth opportunities.
This corporate presentation provides an overview of Detour Gold Corporation as a low-risk, intermediate Canadian gold producer with a large reserve base and long mine life at its Detour Lake mine in Ontario. Key highlights include: 15.5 million ounces of gold in reserves supporting a 21+ year mine life; annual production of over 600,000 ounces of gold for the next 10 years following ramp-up completion in 2014; and opportunities to further optimize operations and pursue production growth.
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company. Some key points:
- Detour Gold operates the Detour Lake mine in Ontario with 15.5 million ounces of gold reserves and a 21+ year mine life.
- Production is ramping up, with over 450,000 ounces expected in 2014 and annual production of over 600,000 ounces for the next 10 years.
- The presentation discusses H1 2014 results, operational progress at the mill and mine, capital expenditures, and near-term opportunities to increase production.
This document provides an overview and update on Detour Gold Corporation's Detour Lake mine in Canada. Some key points:
- Detour Gold is focused on completing the ramp-up of its Detour Lake mine by the end of 2014 to achieve full mill throughput capacity of 55,000 tonnes per day.
- In the first half of 2014, production was 224,520 ounces of gold at a total cash cost of $956 per ounce sold. Full-year production guidance is 450,000-480,000 ounces at a total cash cost of $900-975 per ounce.
- Near-term opportunities discussed to further optimize the mine include increasing throughput, advancing the Block A project, removing the
Detour Gold is a Canadian gold producer with its flagship operation at the Detour Lake Mine in Ontario, Canada. [1] The Detour Lake Mine has proven and probable gold reserves of 15.5 million ounces and an estimated mine life of over 21 years based on an updated mine plan from February 2014. [2] Average annual gold production over the next 10 years is expected to be approximately 600,000 ounces. [3] The main objective of the updated mine plan is to optimize mining and production over the first 5 years of the mine life.
1) The document discusses Detour Gold Corporation's 2014 operating plan and life of mine plan for its Detour Lake mine in Ontario, Canada. The 2014 plan targets producing 450,000-500,000 ounces of gold at total cash costs of $800-900 per ounce sold.
2) The updated life of mine plan extends the mine life to over 20 years with average annual production of 660,000 ounces of gold and total cash costs of $723 per ounce sold. Total proven and probable reserves are estimated at 15.5 million ounces of gold.
3) Opportunities to optimize operations over the life of mine include increasing mill throughput, reducing dilution, improving mill recoveries, expanding reserves through exploration
This document provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key points:
- Detour Gold operates the Detour Lake mine in Ontario with 15.5 million ounces of gold reserves and a 21+ year mine life.
- Production is ramping up, with guidance of 450,000-480,000 ounces for 2014 and annual production of over 600,000 ounces expected for the next 10 years.
- Opportunities exist to further optimize operations and explore additional reserves near the current mine area.
- Detour Gold is a Canadian gold producer with its only operation being the Detour Lake Mine in Ontario.
- In the first half of 2014, Detour Gold produced 224,520 ounces of gold at a total cash cost of US$956 per ounce sold and repaid US$40 million of debt.
- While mining and milling rates in Q2 2014 were below plan, head grades were higher than expected and costs per ounce continue to trend downward with ramp-up progress.
Detour Gold is a Canadian gold producer with its flagship operation being the Detour Lake mine located in Ontario, Canada. The mine has proven and probable reserves of 15.5 million ounces of gold and an estimated mine life of over 20 years. Detour Gold provided guidance for 2014 estimating gold production between 450,000-500,000 ounces at a total cash cost of $800-900 per ounce sold. The company also outlined its life of mine plan updating key metrics such as production and cost profiles. Detour Gold sees opportunities to optimize operations and increase throughput which could further improve project economics over the long term.
This presentation provides information on Detour Gold Corporation, a Canadian gold mining company. Key points include:
- Detour Gold has 15.5 million ounces of gold in proven and probable reserves at its flagship Detour Lake mine in Ontario, Canada.
- The mine has an estimated 21-year mine life with average annual production of 600,000 ounces over the next 10 years.
- The updated 2014 life of mine plan aims to optimize production and costs in the first 5 years of operations as the mine ramps up.
This document provides guidance and targets for Detour Gold Corporation's operations in 2014. It includes the following key points:
1) 2014 production is estimated to be between 450,000 to 500,000 ounces of gold, with 200,000-225,000 ounces in the first half and 250,000-275,000 ounces in the second half.
2) Total cash costs per ounce of gold sold are estimated to be $800-$900. Capital expenditures are budgeted at $131 million, including $35 million for deferred stripping.
3) The 2014 operating plan aims for steady state production and optimization, including increasing mill throughput to 55,000 tons per day by the fourth quarter.
Detour Gold presented at the BMO Global Metals & Mining Conference in February 2014. The presentation provided an overview of Detour Gold's flagship Detour Lake Mine in Ontario, Canada, including a summary of its first year of operation, 2014 guidance, capital plan, operating plan, and updated 21-year life of mine plan. Detour Gold aims to increase production and decrease costs in 2014 while optimizing operations over the first five years of the mine plan. The presentation also highlighted organic growth opportunities through exploration on its large land package.
- Detour Gold Corporation is a Canadian gold producer presenting on its operations and growth plans.
- It operates the Detour Lake mine in Ontario, Canada, which has proven and probable reserves of 15.5 million ounces of gold.
- In 2014, the company is focused on increasing production and decreasing costs as the mine ramps up, with targets of 450,000-500,000 ounces of gold production and total cash costs of $800-900 per ounce sold.
This corporate presentation provides an overview of Detour Gold Corporation as Canada's intermediate gold producer. It summarizes Detour Gold's plans to increase gold production and decrease costs in 2014, including ramping up its Detour Lake mine in Ontario to achieve steady-state production rates. The presentation outlines Detour Gold's 2014 production guidance of 450,000-500,000 ounces of gold at total cash costs of $800-900 per ounce and capital expenditures of $131 million. It positions Detour Gold as a premier intermediate Canadian gold producer with a long mine life and production growth opportunities.
Detour Gold Corporation is a Canadian gold mining company operating the Detour Lake Mine in Ontario, Canada. In 2014, the company aimed to increase production at Detour Lake while decreasing costs. Key targets included producing 450,000-500,000 ounces of gold at total cash costs of $800-900 per ounce. Near-term opportunities exist to further optimize operations through incremental expansion projects over the next 2-5 years. Detour Lake also hosts 15.5 million ounces of gold reserves and exploration potential on its 100% owned land package.
Detour Gold Corporation is a Canadian gold mining company operating the Detour Lake Mine in Ontario, Canada. In 2014, the company aimed to increase production at Detour Lake Mine while decreasing costs. Key targets for 2014 included producing 450,000-500,000 ounces of gold at total cash costs of $800-900 per ounce. Near-term opportunities at the mine through 2017 include increasing mill throughput, advancing the Block A project, and exploring opportunities for lower grade material. Detour Gold provides exposure to gold production from a long-life asset in a mining-friendly jurisdiction with potential for further optimization and growth.
1. Detour Gold is a Canadian gold producer operating the Detour Lake mine in Ontario.
2. The presentation provides an overview of Detour Gold's operations and targets for 2014, including increasing production to 450,000-500,000 ounces of gold while decreasing total cash costs to US$800-900 per ounce.
3. Key developments in 2014 include an updated life of mine plan, financing to repay debt, and securing a long-term power contract, positioning Detour Gold for steady production growth and strong cash flows.
- Detour Gold reported Q3 2014 financial and operational results, including 106,334 ounces of gold sold and a net loss of $0.8 million.
- Production exceeded design capacity of 55,000 tonnes per day for over 50 consecutive days in Q3, putting the company on track to meet 2014 guidance.
- Capital spending remained on budget and $60 million in debt repayments were targeted for the full year.
1) The document presents corporate information for Detour Gold Corporation, an intermediate Canadian gold producer. It provides guidance for 2015 including estimated gold production of 475,000-525,000 ounces at total cash costs of $780-850 per ounce sold and all-in sustaining costs of $1,050-1,150 per ounce sold.
2) Detour Gold's 2015 operating plan includes milling approximately 19.7 million tonnes of ore at a strip ratio of 3.5:1 and head grade of 0.86 g/t gold, with average mining and milling rates of 238,000 tonnes per day and 54,000 tonnes per day respectively.
3) Opportunities
Detour Gold Corporation reported its Q1 2014 results. Key highlights included gold production of 107,154 ounces and total cash costs of $976 per ounce sold. Revenues were $110 million on gold sales of 84,560 ounces. The net loss was $54.9 million or $0.38 per share, while the adjusted net loss was $28.1 million or $0.20 per share. Operational performance met expectations as the company continues ramping up production at its Detour Lake Mine in Ontario, Canada. Guidance for 2014 production of 450,000-500,000 ounces and total cash costs of $800-900 per ounce remains unchanged.
1) The document presents corporate information for Detour Gold Corporation, an intermediate Canadian gold producer. It provides guidance for 2015 including estimated gold production of 475,000-525,000 ounces at total cash costs of $780-850 per ounce sold and all-in sustaining costs of $1,050-1,150 per ounce sold.
2) Detour Gold's 2015 operating plan includes milling approximately 19.7 million tonnes of ore at a strip ratio of 3.5:1 and average head grade of 0.86 g/t gold. The mining rate is planned to be 238,000 tonnes per day on average.
3) Opportunities for increased production in 2015 include further
Detour Gold Corporation is a Canadian intermediate gold producer presenting at the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference. The presentation summarizes Detour Gold's 2015 production guidance of 475,000-525,000 ounces of gold, total cash costs of $780-850 per ounce, and all-in sustaining costs of $1,050-$1,150 per ounce. It also outlines opportunities to potentially lower costs through foreign exchange rates, cost reduction programs, and lower diesel prices. Detour Gold expects to increase mining and milling rates in 2015 to drive production growth and optimize operations at its Detour Lake Mine in Ontario, Canada.
Detour Gold Corporation presented information on its Detour Lake gold mine in Ontario, Canada. Key points included:
- Detour Lake is a large, long-life open pit gold mine with 15.6 million ounces of reserves and a planned mine life of over 20 years.
- The mine reached commercial production in August 2013 and is ramping up towards its target throughput of over 200,000 tonnes per day by the end of the year.
- Detour Gold's strategy is focused on profitability through operational execution and cost reductions to generate positive cash flow and provide returns to shareholders.
Detour Gold Corporation is Canada's second largest gold producer and has the largest gold reserves in Canada. In 2015, Detour Gold expects to produce between 475,000-525,000 ounces of gold at a total cash cost of $780-$850 per ounce and an all-in sustaining cost of $1,050-$1,150 per ounce. In the first half of 2015, Detour Gold produced 230,920 ounces of gold at a total cash cost of $828 per ounce sold and an all-in sustaining cost of $1,163 per ounce sold. Detour Gold aims to strengthen its balance sheet in 2015 through solid operational performance at its Detour Lake Mine in Ontario, Canada.
This document provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key points:
- Detour Gold is Canada's largest gold mining operation not controlled by a senior gold producer.
- Production guidance for 2015 is 400,000-425,000 ounces of gold at a total cash cost of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce.
- The company aims to increase production and strengthen its balance sheet in 2015 through execution of its mine plan and benefits from low costs and leverage to gold prices. Near and long-term opportunities exist to enhance value through optimization and exploration.
- Detour Gold produced 104,497 ounces of gold in Q1 2015 at total cash costs of $925/oz and AISC of $1,307/oz.
- Drilling at Lower Detour extended the high-grade 58N zone along strike and depth, confirming continuity. A 30,000m summer drilling program is planned.
- Mining rates exceeded budget in March, averaging 250,000 tonnes per day, and the mill has been operating at design capacity for over 80 days.
Detour Gold Corporation presented at the CIBC Mining Conference on June 23, 2015. The presentation provided guidance for 2015, including gold production of 400,000-425,000 ounces at total cash costs of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce. Capital expenditures were estimated at $90-100 million for sustaining capital and $20-25 million for deferred stripping. The presentation highlighted that mining and milling rates were currently exceeding budget over the last three months and discussed opportunities to further optimize operations.
This document provides an overview and corporate presentation for Detour Gold Corporation, a Canadian intermediate gold producer. It includes the following key points:
- Detour Gold's production guidance for 2015 is 475,000-525,000 ounces of gold at an estimated total cash cost of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- The presentation outlines Detour Gold's plans for optimizing operations at its Detour Lake mine in 2015, including increasing mining and milling rates to improve production and reduce costs.
- Detour Gold had a strong financial position at the end of 2014 with no debt and $135 million in cash, and
This document provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key points:
- Detour Gold operates the Detour Lake mine in Ontario with 15.5 million ounces of gold reserves and a 21+ year mine life.
- Production is ramping up, with guidance of 450,000-480,000 ounces for 2014 and annual production of over 600,000 ounces expected for the next 10 years.
- Opportunities exist to further optimize operations and explore additional reserves near the current mine area.
- Detour Gold is a Canadian gold producer with its only operation being the Detour Lake Mine in Ontario.
- In the first half of 2014, Detour Gold produced 224,520 ounces of gold at a total cash cost of US$956 per ounce sold and repaid US$40 million of debt.
- While mining and milling rates in Q2 2014 were below plan, head grades were higher than expected and costs per ounce continue to trend downward with ramp-up progress.
Detour Gold is a Canadian gold producer with its flagship operation being the Detour Lake mine located in Ontario, Canada. The mine has proven and probable reserves of 15.5 million ounces of gold and an estimated mine life of over 20 years. Detour Gold provided guidance for 2014 estimating gold production between 450,000-500,000 ounces at a total cash cost of $800-900 per ounce sold. The company also outlined its life of mine plan updating key metrics such as production and cost profiles. Detour Gold sees opportunities to optimize operations and increase throughput which could further improve project economics over the long term.
This presentation provides information on Detour Gold Corporation, a Canadian gold mining company. Key points include:
- Detour Gold has 15.5 million ounces of gold in proven and probable reserves at its flagship Detour Lake mine in Ontario, Canada.
- The mine has an estimated 21-year mine life with average annual production of 600,000 ounces over the next 10 years.
- The updated 2014 life of mine plan aims to optimize production and costs in the first 5 years of operations as the mine ramps up.
This document provides guidance and targets for Detour Gold Corporation's operations in 2014. It includes the following key points:
1) 2014 production is estimated to be between 450,000 to 500,000 ounces of gold, with 200,000-225,000 ounces in the first half and 250,000-275,000 ounces in the second half.
2) Total cash costs per ounce of gold sold are estimated to be $800-$900. Capital expenditures are budgeted at $131 million, including $35 million for deferred stripping.
3) The 2014 operating plan aims for steady state production and optimization, including increasing mill throughput to 55,000 tons per day by the fourth quarter.
Detour Gold presented at the BMO Global Metals & Mining Conference in February 2014. The presentation provided an overview of Detour Gold's flagship Detour Lake Mine in Ontario, Canada, including a summary of its first year of operation, 2014 guidance, capital plan, operating plan, and updated 21-year life of mine plan. Detour Gold aims to increase production and decrease costs in 2014 while optimizing operations over the first five years of the mine plan. The presentation also highlighted organic growth opportunities through exploration on its large land package.
- Detour Gold Corporation is a Canadian gold producer presenting on its operations and growth plans.
- It operates the Detour Lake mine in Ontario, Canada, which has proven and probable reserves of 15.5 million ounces of gold.
- In 2014, the company is focused on increasing production and decreasing costs as the mine ramps up, with targets of 450,000-500,000 ounces of gold production and total cash costs of $800-900 per ounce sold.
This corporate presentation provides an overview of Detour Gold Corporation as Canada's intermediate gold producer. It summarizes Detour Gold's plans to increase gold production and decrease costs in 2014, including ramping up its Detour Lake mine in Ontario to achieve steady-state production rates. The presentation outlines Detour Gold's 2014 production guidance of 450,000-500,000 ounces of gold at total cash costs of $800-900 per ounce and capital expenditures of $131 million. It positions Detour Gold as a premier intermediate Canadian gold producer with a long mine life and production growth opportunities.
Detour Gold Corporation is a Canadian gold mining company operating the Detour Lake Mine in Ontario, Canada. In 2014, the company aimed to increase production at Detour Lake while decreasing costs. Key targets included producing 450,000-500,000 ounces of gold at total cash costs of $800-900 per ounce. Near-term opportunities exist to further optimize operations through incremental expansion projects over the next 2-5 years. Detour Lake also hosts 15.5 million ounces of gold reserves and exploration potential on its 100% owned land package.
Detour Gold Corporation is a Canadian gold mining company operating the Detour Lake Mine in Ontario, Canada. In 2014, the company aimed to increase production at Detour Lake Mine while decreasing costs. Key targets for 2014 included producing 450,000-500,000 ounces of gold at total cash costs of $800-900 per ounce. Near-term opportunities at the mine through 2017 include increasing mill throughput, advancing the Block A project, and exploring opportunities for lower grade material. Detour Gold provides exposure to gold production from a long-life asset in a mining-friendly jurisdiction with potential for further optimization and growth.
1. Detour Gold is a Canadian gold producer operating the Detour Lake mine in Ontario.
2. The presentation provides an overview of Detour Gold's operations and targets for 2014, including increasing production to 450,000-500,000 ounces of gold while decreasing total cash costs to US$800-900 per ounce.
3. Key developments in 2014 include an updated life of mine plan, financing to repay debt, and securing a long-term power contract, positioning Detour Gold for steady production growth and strong cash flows.
- Detour Gold reported Q3 2014 financial and operational results, including 106,334 ounces of gold sold and a net loss of $0.8 million.
- Production exceeded design capacity of 55,000 tonnes per day for over 50 consecutive days in Q3, putting the company on track to meet 2014 guidance.
- Capital spending remained on budget and $60 million in debt repayments were targeted for the full year.
1) The document presents corporate information for Detour Gold Corporation, an intermediate Canadian gold producer. It provides guidance for 2015 including estimated gold production of 475,000-525,000 ounces at total cash costs of $780-850 per ounce sold and all-in sustaining costs of $1,050-1,150 per ounce sold.
2) Detour Gold's 2015 operating plan includes milling approximately 19.7 million tonnes of ore at a strip ratio of 3.5:1 and head grade of 0.86 g/t gold, with average mining and milling rates of 238,000 tonnes per day and 54,000 tonnes per day respectively.
3) Opportunities
Detour Gold Corporation reported its Q1 2014 results. Key highlights included gold production of 107,154 ounces and total cash costs of $976 per ounce sold. Revenues were $110 million on gold sales of 84,560 ounces. The net loss was $54.9 million or $0.38 per share, while the adjusted net loss was $28.1 million or $0.20 per share. Operational performance met expectations as the company continues ramping up production at its Detour Lake Mine in Ontario, Canada. Guidance for 2014 production of 450,000-500,000 ounces and total cash costs of $800-900 per ounce remains unchanged.
1) The document presents corporate information for Detour Gold Corporation, an intermediate Canadian gold producer. It provides guidance for 2015 including estimated gold production of 475,000-525,000 ounces at total cash costs of $780-850 per ounce sold and all-in sustaining costs of $1,050-1,150 per ounce sold.
2) Detour Gold's 2015 operating plan includes milling approximately 19.7 million tonnes of ore at a strip ratio of 3.5:1 and average head grade of 0.86 g/t gold. The mining rate is planned to be 238,000 tonnes per day on average.
3) Opportunities for increased production in 2015 include further
Detour Gold Corporation is a Canadian intermediate gold producer presenting at the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference. The presentation summarizes Detour Gold's 2015 production guidance of 475,000-525,000 ounces of gold, total cash costs of $780-850 per ounce, and all-in sustaining costs of $1,050-$1,150 per ounce. It also outlines opportunities to potentially lower costs through foreign exchange rates, cost reduction programs, and lower diesel prices. Detour Gold expects to increase mining and milling rates in 2015 to drive production growth and optimize operations at its Detour Lake Mine in Ontario, Canada.
Detour Gold Corporation presented information on its Detour Lake gold mine in Ontario, Canada. Key points included:
- Detour Lake is a large, long-life open pit gold mine with 15.6 million ounces of reserves and a planned mine life of over 20 years.
- The mine reached commercial production in August 2013 and is ramping up towards its target throughput of over 200,000 tonnes per day by the end of the year.
- Detour Gold's strategy is focused on profitability through operational execution and cost reductions to generate positive cash flow and provide returns to shareholders.
Detour Gold Corporation is Canada's second largest gold producer and has the largest gold reserves in Canada. In 2015, Detour Gold expects to produce between 475,000-525,000 ounces of gold at a total cash cost of $780-$850 per ounce and an all-in sustaining cost of $1,050-$1,150 per ounce. In the first half of 2015, Detour Gold produced 230,920 ounces of gold at a total cash cost of $828 per ounce sold and an all-in sustaining cost of $1,163 per ounce sold. Detour Gold aims to strengthen its balance sheet in 2015 through solid operational performance at its Detour Lake Mine in Ontario, Canada.
This document provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key points:
- Detour Gold is Canada's largest gold mining operation not controlled by a senior gold producer.
- Production guidance for 2015 is 400,000-425,000 ounces of gold at a total cash cost of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce.
- The company aims to increase production and strengthen its balance sheet in 2015 through execution of its mine plan and benefits from low costs and leverage to gold prices. Near and long-term opportunities exist to enhance value through optimization and exploration.
- Detour Gold produced 104,497 ounces of gold in Q1 2015 at total cash costs of $925/oz and AISC of $1,307/oz.
- Drilling at Lower Detour extended the high-grade 58N zone along strike and depth, confirming continuity. A 30,000m summer drilling program is planned.
- Mining rates exceeded budget in March, averaging 250,000 tonnes per day, and the mill has been operating at design capacity for over 80 days.
Detour Gold Corporation presented at the CIBC Mining Conference on June 23, 2015. The presentation provided guidance for 2015, including gold production of 400,000-425,000 ounces at total cash costs of $780-$850 per ounce and all-in sustaining costs of $1,050-$1,150 per ounce. Capital expenditures were estimated at $90-100 million for sustaining capital and $20-25 million for deferred stripping. The presentation highlighted that mining and milling rates were currently exceeding budget over the last three months and discussed opportunities to further optimize operations.
This document provides an overview and corporate presentation for Detour Gold Corporation, a Canadian intermediate gold producer. It includes the following key points:
- Detour Gold's production guidance for 2015 is 475,000-525,000 ounces of gold at an estimated total cash cost of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- The presentation outlines Detour Gold's plans for optimizing operations at its Detour Lake mine in 2015, including increasing mining and milling rates to improve production and reduce costs.
- Detour Gold had a strong financial position at the end of 2014 with no debt and $135 million in cash, and
The document discusses plans to build Canada's largest gold mine at the Detour Lake project in Ontario. Construction is progressing on schedule, with gold production expected to begin in Q1 2013. The mine is projected to produce an average of 657,000 ounces of gold annually over its estimated 21.5 year mine life. Capital costs to complete the project are estimated between $1.46-1.5 billion Canadian dollars.
This corporate presentation provides an overview of Detour Gold Corporation as a low-risk, intermediate Canadian gold producer with a large reserve base supporting over 20 years of mine life. Key highlights include:
- 15.5 million ounces of gold in reserves
- Expected annual production of over 600,000 ounces of gold for the next 10 years
- Focus on completing ramp-up of the Detour Lake mine to reach full mill capacity and increase mine output
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company. Some key points:
- Detour Gold operates the Detour Lake mine in Ontario with 15.5 million ounces of gold reserves and a 21+ year mine life.
- Production is ramping up, with over 450,000 ounces expected in 2014 and annual production of over 600,000 ounces for the next 10 years.
- The presentation discusses H1 2014 results, operational progress at the mill and mine, capital expenditures, and near-term opportunities to increase production.
This document provides an overview and summary of Detour Gold Corporation, including:
- Detour Gold is a mid-tier gold producer in Canada with over 15 million ounces of gold reserves and a 21+ year mine life at its Detour Lake mine.
- In the first half of 2014, Detour Gold achieved gold production near the higher end of guidance and saw decreasing total cash costs per ounce as the mine ramped up operations.
- Key focuses for 2014 include completing the ramp up at Detour Lake to reach design mill capacity and output, improving the company's balance sheet, and evaluating future production growth opportunities.
- Detour Gold is a Canadian gold producer with its only operation being the Detour Lake Mine in Ontario.
- In the first half of 2014, Detour Gold produced 224,520 ounces of gold at a total cash cost of US$956 per ounce sold and repaid US$40 million of debt.
- While mining and milling rates in Q2 2014 were below plan, head grades were higher than expected and costs per ounce continue to trend downward with ramp-up progress.
1) Detour Gold Corporation held a conference call and webcast to discuss its Q2 2014 results. Production and costs improved over Q1 2014 but the company reported a net loss of $35 million.
2) The presentation notes that ramp-up of the Detour Lake mine is progressing in the right direction, with quarter-over-quarter increases in gold production and decreases in costs per ounce sold.
3) Guidance for 2014 was revised with expected gold production of 450,000-480,000 ounces and total cash costs per ounce sold of $900-975.
- Detour Gold reported Q3 2014 financial and operational results, including 115,344 ounces of gold production and total cash costs of $941/ounce sold.
- Mill operations exceeded design capacity of 55,000 tonnes per day for over 50 consecutive days, significantly de-risking operations.
- Company is on track to meet 2014 production and cost guidance and has targeted $60 million in debt repayments.
Detour Gold Corporation reported its Q3 2014 results. Key highlights include:
- Gold production of 115,344 ounces and sales of 106,334 ounces.
- Total cash costs of $941 per ounce sold, on track to meet full year guidance.
- The mill exceeded its design capacity of 55,000 tonnes per day for over 50 consecutive days.
- Net loss of $0.8 million or $0 per share, adjusted net loss of $16.5 million or $0.10 per share.
This document provides an overview and corporate presentation for Detour Gold Corporation, a Canadian intermediate gold producer. It includes the following key points:
- Detour Gold's production guidance for 2015 is 475,000-525,000 ounces of gold at an estimated total cash cost of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- The presentation outlines Detour Gold's plans for optimizing operations at its Detour Lake mine in 2015, including increasing mining and milling rates to improve production and reduce costs.
- Detour Gold had a strong financial position at the end of 2014 with no debt and $135 million in cash, and
- Detour Gold Corporation is Canada's second largest gold producer and has the largest gold reserves among Canadian gold producers.
- In 2015, Detour Gold expects to produce between 475,000-525,000 ounces of gold at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- The company has outlined several opportunities to potentially increase production and lower costs in 2015, including processing low-grade stockpile fines and extracting pebbles from the mill feed, with the goals of optimizing operations and strengthening its financial position.
- Detour Gold Corporation is Canada's second largest gold producer and has the largest gold reserves among Canadian gold producers.
- In 2015, Detour Gold expects to produce between 475,000-525,000 ounces of gold at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- The company has outlined several opportunities to potentially increase production and reduce costs in 2015, including processing low-grade stockpile fines and extracting pebbles from the mill feed, with the goals of increasing mill throughput and lowering costs.
This document provides an overview and corporate presentation for Detour Gold Corporation, a Canadian gold producer. It discusses Detour Gold's large long-life mining operation at Detour Lake Mine in Ontario, Canada, with over 15 million ounces of gold reserves and a 21+ year mine life. The presentation highlights Detour Gold's 2014 operational and financial performance, including achieving gold production of 457,000 ounces at total cash costs of $930 per ounce sold, improving the milling and mining rates at Detour Lake Mine, and positive drilling results from ongoing exploration.
1) The document presents corporate information about Detour Gold Corporation, an intermediate Canadian gold producer. It provides guidance for 2015, including estimated gold production of 475,000-525,000 ounces at total cash costs of $780-850 per ounce sold and all-in sustaining costs of $1,050-1,150 per ounce sold.
2) The 2015 operating plan details mining rates of 238,000 tonnes per day with a strip ratio of 3.5:1 and processing rates of around 54,000 tonnes per day at a head grade of 0.86 g/t gold and recovery of 91.5%.
3) Opportunities for improvement in 2015 include increasing the mining rate
BMO Global Metals & Mining Conference, FloridaDetourGold
- Detour Gold is a Canadian intermediate gold producer providing guidance for 2015 of 475-525 thousand ounces of gold production at total cash costs of $780-850 per ounce and all-in sustaining costs of $1,050-1,150 per ounce.
- Key targets for 2015 include improving the mining rate to 238,000 tonnes per day, mill throughput to 54,000 tonnes per day, and gold recovery to 91.5%.
- The 2015 sustaining capital budget is estimated at $90-100 million US dollars.
Similar to Dgc 14 11_19-20 - gs metals & mining conference (13)
Detour Gold Corporation is a Canadian intermediate gold producer with a long-life, large scale mining operation at Detour Lake Mine in Ontario, Canada. The document provides an overview of Detour Gold's 2017 operating plan and life of mine plan through 2040. It summarizes that production is expected to be between 550,000 to 600,000 ounces in 2017, with total cash costs per ounce between $690-750 and all-in sustaining costs between $1,025-1,125. The 2017 budget includes $155 million in sustaining capital and $160-180 million total capital expenditures. The updated life of mine plan outlines mining through 2040 with average annual gold production of 656,000 ounces and a
This corporate presentation provides an overview of Detour Gold Corporation as Canada's intermediate gold producer. Key highlights include:
- Detour Lake mine is a top-ranked, large scale, long-life asset with over 16 million ounces of reserves and projected mine life of over 20 years.
- Production is expected to grow from 550,000 to 600,000 ounces in 2017 to over 600,000 ounces annually by 2018 through optimization and growth projects.
- The company has an organic growth pipeline including the West Detour development project and exploration at Zone 58N and Lower Detour.
- Updated life of mine plan outlines average annual production of over 650,000 ounces at total site costs of $758/
This document provides information about Detour Gold Corporation, a Canadian gold mining company. It discusses Detour Gold's Detour Lake Mine as a large, long-life asset with production growth potential. It provides Detour Gold's 2017 guidance of 550,000-600,000 ounces of gold production. It also outlines Detour Gold's 2017 operating plan, capital expenditures, and organic growth pipeline including the West Detour development project.
The document provides an overview of Detour Gold Corporation's fourth quarter and full year 2016 operating results and 2017 guidance. It includes forward-looking statements regarding future production, costs, and financial metrics. It notes key assumptions for 2017 including a gold price of $1,200/oz, CAD/USD exchange rate of 1.30, diesel fuel price of C$0.70/L, and power cost of C$0.30/kWhr. The document also defines the company's use of non-IFRS measures like total cash costs and all-in sustaining costs to provide additional performance metrics.
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Key highlights from 2016 include gold production of 394,253 ounces at an all-in sustaining cost of $960 per ounce sold and earnings from mine operations of $90 million. The presentation discusses Q3 2016 operating results and costs, preliminary 2017 guidance, the Campbell Pit plan for 2017, a focus on advancing the prospective Zone 58N, and safety performance.
This corporate presentation provides an overview of Detour Gold Corporation as an intermediate Canadian gold producer. Some key highlights from 2016 include producing 394,253 ounces of gold at an all-in sustaining cost of $960 per ounce sold and reducing debt levels by 28%. The presentation discusses preliminary guidance for 2017 which forecasts gold production of 540,000-590,000 ounces at an AISC of $1,050-1,150 per ounce sold. It also provides an update on exploration prospects including the prospective Zone 58N and advancing work on the West Detour project.
This presentation provides an overview of Detour Gold Corporation as Canada's intermediate gold producer. Some key points:
- Detour Lake is Detour Gold's flagship asset with 16.4 million ounces of gold reserves and projected production of 525,000-545,000 ounces in 2016.
- Production is growing organically while costs are declining, with all-in sustaining costs expected to be $970-1,020 per ounce sold in 2016.
- The company is focused on optimizing operations at Detour Lake and pursuing organic growth opportunities through projects like West Detour and Zone 58N, as well as regional exploration properties.
- Detour Gold has significantly reduced debt since 2013 and aims to
Detour Gold Corporation is Canada's intermediate gold producer with 16.4 million ounces of gold reserves at its Detour Lake Mine in Ontario. In the first half of 2016, Detour Lake produced 266,000 ounces of gold at total cash costs of $664/ounce and all-in sustaining costs of $925/ounce. Detour Gold is focused on optimizing operations at Detour Lake to increase production to over 600,000 ounces per year while lowering costs, developing satellite deposits, and pursuing acquisition opportunities to add value. The company aims to reduce debt and refinance the remaining balance before maturity in November 2017.
Detour Gold Corporation is an intermediate Canadian gold mining company with one operating mine, Detour Lake, located in northeastern Ontario. The presentation provides an overview of Detour Lake's operations and growth plans. Key points include:
- Detour Lake is a large, long-life asset with over 16 million ounces of gold reserves and expected production of 540,000-570,000 ounces annually over the next 20 years.
- Production and costs are expected to improve over the mine life as optimizations are implemented and economies of scale are realized. All-in sustaining costs are forecast to decline from $920-980 per ounce in 2016.
- The company is pursuing organic growth through projects like the proposed West
This document provides an overview of Detour Gold Corporation's operations and growth plans. Some key points:
- Detour Gold is a Canadian intermediate gold producer with over 16 million ounces of gold reserves and plans to produce between 540,000 to 590,000 ounces of gold in 2016.
- The company is focused on optimizing its Detour Lake mine and mill to increase production capacity while lowering costs. Plans include improving mining rates, plant throughput, and evaluating processing additional ore sources.
- Organic growth opportunities include developing the West Detour open pit in 2019 and advancing the high-grade Zone 58N deposit.
- Detour Gold aims to reduce debt and maintain a strong balance sheet to fund
- Detour Gold is a Canadian gold mining company and intermediate gold producer.
- In 2016, Detour Gold expects to produce between 540,000-590,000 ounces of gold at total cash costs between $675-750 per ounce sold and all-in sustaining costs between $840-940 per ounce sold.
- In Q1 2016, Detour Gold produced 127,136 ounces of gold and sold 137,608 ounces at total cash costs of $637 per ounce sold and all-in sustaining costs of $824 per ounce sold.
BMO Global Metals & Mining Conference - Hollywood, FLDetourGold
Detour Gold Corporation presented at the BMO Global Metals & Mining Conference in February 2016. Key highlights include:
- Detour Gold achieved gold production of 505,558 ounces in 2015 and expects production to increase to 540,000-590,000 ounces in 2016.
- All-in sustaining costs declined significantly over 2015 and are forecasted to be $840-940 per ounce sold in 2016.
- A new 23-year life of mine plan was unveiled, which incorporates the development of the West Detour deposit. The plan outlines steady production of approximately 650,000 ounces per year over the next 9 years.
- Exploration success at the Lower Detour Zone 58N target provides
- Detour Gold Corporation presented its corporate presentation for February 9-10, 2016.
- In 2015, Detour Gold achieved 505,558 ounces of gold production, an 11% increase over 2014, met its mining and milling targets, and estimated its 2015 all-in sustaining costs to be between $1,040-1,060 per ounce sold.
- For 2016, Detour Gold provided production guidance of 540,000-590,000 ounces of gold and estimated total cash costs of $675-750 per ounce and all-in sustaining costs of $840-940 per ounce.
This document provides an overview and summary of Detour Gold Corporation's updated life of mine plan for the Detour Lake gold mine in Ontario, Canada. Key highlights include:
- The mine life is extended to 23 years, producing an average of 655,000 ounces of gold annually.
- Total proven and probable reserves are estimated at 16.4 million ounces of gold.
- Production is expected to increase over the next several years as the second West Detour pit comes online in 2018 and mill throughput expands.
- Operating costs are estimated to average $690 per ounce over the life of mine, with capital costs totaling approximately $1.225 billion.
- Detour Gold produced 505,558 ounces of gold in 2015, an 11% increase over 2014 production, meeting its production guidance.
- All-in sustaining costs declined by approximately 35% in 2015 compared to 2014, estimated at $1,040-1,060 per ounce sold for the year.
- Exploration drilling at Lower Detour returned encouraging results, confirming the continuity of gold mineralization along the Lower Detour trend to be further tested in 2016.
1. Detour Gold Corporation is a Canadian gold mining company and intermediate gold producer presenting at the Scotiabank Mining Conference in Toronto.
2. The presentation discusses Detour Gold's 2015 production guidance, opportunities to optimize operations at its Detour Lake Mine in Ontario, and notes that Detour Gold represents a unique investment opportunity as Canada's largest gold producer not controlled by a senior mining company.
3. Forward-looking statements are provided, subject to various risks and uncertainties that could cause actual results to differ materially. Non-IFRS financial measures are also referenced to provide additional information to investors.
This document provides an overview of Detour Gold Corporation as an intermediate gold producer in Canada. It begins with standard forward-looking statements and disclaimers. It then notes that Detour Gold operates the Detour Lake mine in Canada, which provides exposure to the Canadian dollar. As the largest gold mine in Canada not controlled by a senior gold producer, Detour Gold presents a unique investment opportunity as a growing intermediate producer. The document highlights Detour Gold's 2015 production guidance which positions it as the #2 gold producer and #1 in reserves among Canadian producers.
Dgc 15 11_10 - nbf-tsx canadian miners conferenceDetourGold
Detour Gold Corporation is Canada's intermediate gold producer. In Q3 2015, Detour Lake Mine produced 106,125 ounces of gold at total cash costs of $942/ounce and all-in sustaining costs of $1,071/ounce. For full-year 2015, Detour Lake Mine expects gold production between 475,000-525,000 ounces at total cash costs between $780-$850/ounce and all-in sustaining costs between $1,050-$1,150/ounce. Detour Gold will focus its life of mine plan update on a lower risk operational profile with a mining rate reduction and higher plant throughput capacity while adding the nearby Block A deposit as a second feed source starting in 2018.
This document provides an overview and investment opportunity for Detour Gold Corporation, a Canadian gold mining company. It begins with standard forward-looking statements and disclaimers. It then presents Detour Gold as having a unique investment opportunity as Canada's largest gold producer not controlled by a senior mining company, with its large-scale, long-life Detour Lake Mine located in a mining-friendly jurisdiction. The document highlights Detour Gold's growing production and cash flow profile, as well as opportunities to further optimize operations.
1) The document presents Detour Gold Corporation as Canada's intermediate gold producer, providing production guidance for 2015 of 400,000-425,000 ounces of gold.
2) It outlines Detour Gold's key drivers for success in 2015, including execution of its plan, production growth, and opportunities to enhance value through optimization and exploration.
3) The document reviews Detour Gold's solid progress in the first half of 2015, including achieving total cash costs of $828/ounce and all-in sustaining costs of $1,163/ounce, and expectations for stronger performance in the second half of the year.
1. 1
CANADA’S INTERMEDIATE GOLD
PRODUCER
Goldman Sachs Global Metals & Mining Conference, New York
November 19-20, 2014
2. 2
Forward Looking Information
This presentation contains certain forward-looking information and statements as defined in applicable securities law (referred to herein as “forward-looking statements”). Forward-looking statements include, but are not limited to, statements with respect to Detour Gold’s future financial or operating performance; guidance for production, total cash costs, capital costs, exploration costs; expected throughput, mining and recovery rates; expected future production and mining activities; opportunities to optimize the mine operation; the updated mine plan and economic analysis of the Detour Lake mine including, but not limited to, the life of mine plan, the waste to ore ratio, processing and production rates, grades, metallurgical recovery rates, operating and sustaining capital costs, and the projected life of mine, opportunities to optimize the mine operation; the success and continuation of exploration activities, the future price of gold, reclamation obligations, government regulations and environmental risks.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward- looking statements. These risks, uncertainties and other factors include, but are not limited to, assumptions and parameters underlying the life of mine update not being realized, a decrease in the future gold price, discrepancies between actual and estimated production, changes in costs (including labour, supplies, fuel and equipment), changes to tax rates; environmental compliance and changes in environmental legislation and regulation, exchange rate fluctuations, general economic conditions and other risks involved in the gold exploration and development industry, as well as those risk factors discussed in the section entitled “Description of Business - Risk Factors” in Detour Gold’s 2013 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, but not limited to, assumptions about the following: the availability of financing for exploration and development activities; operating and sustaining capital costs; the Company’s ability to attract and retain skilled staff; sensitivity to metal prices and other sensitivities; the supply and demand for, and the level and volatility of the price of, gold; the supply and availability of consumables and services; the exchange rates of the Canadian dollar to the U.S. dollar; energy and fuel costs; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; market competition; 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 statements contained herein are made as of the date hereof, or such other date or dates specified in such statements.
All forward-looking statements in this presentation are necessarily based on opinions and estimates made as of the date such statements are made and are subject to important risk factors and uncertainties, many of which cannot be controlled or predicted. Detour Gold and the Qualified Persons who authored the associated Technical Report undertake no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.
3. 3
Notes to Investors
The mineral reserve and resource estimates reported in this presentation were prepared in accordance with Canadian National Instrument 43- 101Standards of Disclosure for Mineral Projects (“NI 43-101”), as required by Canadian securities regulatory 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. Canadian standards differ significantly from the requirements of the SEC. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories constitute or will ever be converted into reserves. In addition, “inferred” mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. 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 includes inferred mineral resources, except in rare cases.
On February 4, 2014, Detour Gold announced an updated life of mine plan for the Detour Lake mine. The NI 43-101 compliant Technical Report for this update was filed on SEDAR on February 4, 2014. The following QPs participated in this update: BBA Inc., under the direction of André Allaire, Eng., Acting President and CEO and Patrice Live, Eng., Director Mining; SGS Canada Inc., under the direction of Yann Camus, Eng., Project Engineer, and Maxime Dupéré, 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 and Geotechnical Engineering Group Manager.
The scientific and technical content of this presentation has been reviewed, verified and approved by Drew Anwyll, P.Eng., Vice President of Operations, a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.
Information Containing Estimates of Mineral Reserves and Resources
Non-IFRS Financial Performance Measures
The Company has included “Total cash cost per gold ounce sold (TCC)” and “Adjusted net loss” in this presentation which are non-IFRS measures. The Company believes that these measures, in addition to conventional measures prepared in accordance with IFRS, provide investors an improved ability to evaluate the underlying performance of the Company and its ability to generate operating earnings and cash flow from its mining operations. Refer to the MD&A of June 30, 2014 or relevant period for reconciliation of these measures.
Detour Gold reports total cash costs on a sales basis. Total cash costs per gold ounce sold include production costs such as mining, processing, refining, site administration, costs associated with providing royalty in-kind ounces, and costs for agreements with Aboriginal communities, but are exclusive of depreciation and depletion, reclamation, non-cash share-based compensation and deferred stripping. Total cash costs are reduced by silver sales and divided by gold ounces sold to arrive at total cash costs per gold ounce sold. Further details regarding total cash costs per gold ounce sold and a reconciliation to the nearest IFRS measures are provided in our MD&A accompanying our financial statements filed on www.sedar.com. Total cash costs plus capex per gold ounce sold includes TCC plus sustaining capital and deferred stripping divided by gold ounces sold. These non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. Other companies may calculate this measure differently.
4. 4
Low-risk, safe mining jurisdiction
Large reserve base, long mine life
Annual production of +600,000 oz for next 10 years
Cash flow growth following ramp-up completion
Production growth opportunities
Unique Investment Opportunity
15.5
M OZ GOLD
in reserves
21
+
YEAR
mine life
Intermediate Canadian Gold Producer
5. 5
Complete ramp-up of Detour Lake
Reach mill design capacity
Further increase mine output Improve balance sheet
Increase flexibility of short-term debt
Price protection during ramp-up
Debt reduction
Preserve cash Start evaluation of ‘next’ production growth opportunities
2014 Key Focus
On track for year-end
Stronger balance sheet at year-end
Successful preliminary results
6. 6
$1,214
$1,174
$976
$941
$941
$0
$300
$600
$900
$1,200
$1,500
Q3’132
Q4’13
Q3’14
Q1’14
Q2’14
76
82
107
117
115
0
30
60
90
120
Outlook After First 9 Months
Gold Production (‘000 oz)
Q3’132
Q4’13
Q2’14
Q1’14
Total Cash Costs ($/oz sold)1
1.Refer to the section on Non-IFRS Performance Measures on slide 3. Reconciliation of these measures is described in the MD&A for the third quarter ended September 30, 2014.
2.Commercial production declared on September 1, 2013. TCC reported is for the month of September 2013.
Q3’14
On track to meet production and total cash cost guidance for 2014
›450,000-480,000 oz at total cash costs of US$900-975/oz sold1
Mill operation significantly de-risked: confident in exiting year at throughput rates of 55,000 tpd
Capital on budget
Target of US$60 M in total debt repayments
Yr to date: 339,865 oz
7. 7
Q3 2014 Financial Results
Key Financial Statistics (US$ M, unless noted)
Q3’14
Revenues
$136.2
Production costs
$100.6
Depreciation & depletion
$37.3
Loss from mine operations
$1.7
Cash provided by operations
$47.8
Net loss/Adjusted net loss1
$0.8 / $16.5
Net loss & Adjusted net loss per share1
$0.00 / $0.10
Cash & short-term investments
$138.8
1.Refer to the section on Non-IFRS Financial Performance Measures on slide 3 of this presentation.
Price protection during ramp-up
At September 30, 2014: 55,000 oz of gold hedged at an average price of US$1,291/oz for gold sales from October to December 2014
8. 8
Q3 2014 Operating Results
0
1
2
3
4
5
Q3'13
Q4'13
Q1'14
Q2'14
Q3'14
1.0
0.8
0.2
0.0
0.4
0.6
Tonnes Milled (Mt)
Q3’13
Q4’13
Q1’13
Q3’14 1’14
Q2’14
85
92
91
91
Mill production
Head Grade (g/t Au)
Recovery %
0.88
G/T GOLD
head grade
4.53
MILLION
tonnes milled
90
% GOLD
recovery
Q3’14 Performance:
Gold production of 115,344 ounces
4.5 Mt of ore processed: 75% direct feed and 25% ROM stockpiles
Head grade of 0.88 g/t, consistent with model projections
Recovery rates at 90%
Dilution averaged 6.7%
90
9. 9
Q3 2014 Operating Results - Mine
Q3’14 Performance:
Total of 18.9 Mt mined (206,000 tpd)
4.2 Mt ore mined; strip ratio 3.5
Shortfall in mining rates due to:
›Low drilling productivity and delays in explosive loading impacting shovel utilization
›Lower than planned shovel availability (81% versus 85% target)
Stockpiles = 0.9 Mt @ 0.73 g/t at Q3-end
Southwall pushback and old infrastructure removal completed
Q1-Q3’14:
16.5 Mt of overburden/till removal (+95% of 2014 program)
10. 10
Q4 2014 Focus - Mine
Focus #1 improve mining rates:
Improving training and QA/QC to increase drilling productivity and efficiencies
Improving delivery and loading of explosives
Increasing support in the areas of planning and maintenance for the mining fleet
De-stacking benches to the south & east to expose larger mine faces
Result is larger in-pit blasted inventory, improved shovel allocation and productivity = more tonnes mined per day
2014: total tonnage expected to range between 75 Mt and 77 Mt (versus target of 82 Mt)
11. 11
Q3 2014 Operating Results - Mill
Q3’14 Performance:
Throughput rates averaging 49,186 tpd
Availability at 81%, impacted mainly by unplanned replacement of SAG pulp lifter in early July
Plant stabilizing with modifications to 410 conveyor in mid-August:
›Average of 57,020 tpd with 91% availability over 55 days (up to mid- October planned shutdown)
Recovery rates as planned, gravity recovery at 21%
Throughput (Ktpd)
0
10
20
30
40
50
Q3'13
Q4'13
Q1'14
Q2'14
Q3'14
Availability % 1
Q3’13
Q4’13
Q1’14
Q3’14
Q2’14
Mill productivity
81
83
80
66
78
1.Availability = capital utilization.
12. 12
Q4 2014 Focus - Mill
Focus #1 improve availability:
Final major planned shutdown took place in mid-October:
›Primary crusher bowl and mantle change
›SAG and ball mills liner change
›Pre-leach thickener inspection and by-pass system installation and test
Aiming for high 80s by year-end
Exit 2014 at design rate of 55,000 tpd
Q4’14: Move to final phase of maintenance improvement plan – mobile maintenance
13. 13
Q3 2014 Operating Results - Costs
Q3’14
YTD’14
Gold oz sold
106,334
298,100
TCC/oz sold1
US$941
US$951
1.Refer to the section on Non-IFRS Financial Performance Measures on slide 3 of this presentation. Reconciliation of these measures is described in the MD&A for the corresponding period.
Unit Costs
Q3’14
YTD’14
Mining (C$/t mined)
$2.98
$2.88
Processing (C$/t milled)
$9.70
$10.67
G&A (C$/t milled)
$3.25
$3.46
Q3 Progress:
Higher mining costs due to
›shortfall in total tonnes mined
Lower milling costs due to
›Lower electricity charges Outlook:
Downward trend expected with throughput and production increases and increased efficiencies
14. 14
Detour Lake Open Pit
Q4’14: Working towards a step-up phase to improve mining rates
September 17, 2014
15. 15
2014 Capital Expenditures
(US$ M)
Q3’14
YTD’14
Tailings facility (TMA)
$ 16.5
$ 27.9
Mill
4.5
7.4
Mine
11.8
39.3
Other
2.9
5.6
Sustaining expenditures1
$ 35.7
$ 80.1
Deferred stripping
$ 5.6
$ 20.7
1.$22.3 M incurred in 2013 and includes payment of C$2.5 M to NAC.
Initial budget holding
Majority of TMA construction activities completed
16. 16
CN detox operational and 2nd oxygen plant ready in January 2015
Current Status
Near-term Opportunities (2-5 yrs)
1
Increase throughput to 61,000 tpd for 2017
Starts in 2014 with installation of 1 cyanide (CN) detox tank and 1 additional oxygen plant
2
Block A Project
Bring to pre-feasibility study for reserve definition
In progress
3
Pebble Circuit Removal
Pebbles appear to be barren
Pebble extractor prototype being designed
4
Low-grade material (not in reserves)
Segregation of fines
Heap leach
Positive test results for both
5
Increase exploration activities On 630 km2 prospective property
Planning in progress
17. 17
Near-term Opportunities (2-5 yrs)
Segregation of fines:
Positive results from first 200,000 tonnes test
›Grade of 0.65 g/t (approx. 45% higher than avg. grade of SP)
›Processed at 68,000 tpd
Pebble Circuit Removal:
Test results show high variability in gold content of the pebbles but a large portion is barren
Initiated design of an ON/OFF pebble extractor
Low-grade stockpile (avg. grade 0.44 g/t)
Natural segregation of fines from unloading truck
Mobile feeder
To stacker unit
18. 18
Ramp-up completion by year-end
Guidance and details for 2015 to be disclosed in January
›2015 mine plan selection to be based on the improvement made in mining rates for remainder of 2014
›Upside for 2015 mine plan seen with processing of the ‘fines’ from low- grade stockpile and commissioning of the pebble extractor prototype
Review of next 5 years and LOM plan with the main objective of reducing sustaining capital.
Future Catalysts
Focus on ‘Quality’ Ounces
20. 20
Initiating Research
Firm
Analyst
Target Price at November 17, 2014
07.06.11
Haywood
Kerry Smith
$13.50
07.07.09
Paradigm
Don Blyth/Don MacLean
$14.50
07.08.07
Raymond James
Phil Russo
$18.00
07.11.26
National Bank
Steve Parsons
$12.00
07.12.20
Macquarie
Mike Siperco
$18.00
08.01.14
Canaccord
Rahul Paul
$11.00
08.07.14
TD
Dan Earle
$15.00
08.09.04
RBC
Dan Rollins
$13.00
08.11.06
BMO NB
Brian Quast
$12.00
09.06.17
Laurentian
Eric Lemieux (left firm)
Under review
10.05.19
CIBC World Markets
Cosmos Chiu
$13.00
10.07.22
Credit Suisse
Anita Soni
$10.00
13.04.16
Scotiabank
Trevor Turnbull
$17.00
13.08.14
Desjardins
Michael Parkin
$13.50
13.11.12
Beacon Securities
Michael Curran
$12.50
13.12.09
GMP Securities
Ian Parkinson
$13.50
14.02.06
Cormark Securities
Richard Gray/Tyron Breytenbach
$18.75
14.04.22
Goldman Sachs
Andrew Quail
$10.00
14.06.17
Dundee Capital Markets
Joseph Fazzini
$ 9.50
14.09.03
Morgan Stanley
Brad Humphrey
$11.90
Average target
C$13.51
Analyst Coverage (20)
21. 21
Shareholder Information
Paulson & Co.
>80%
INSTITUTIONS TOTAL
10.3 M
Share options
13.0 M
Convertible notes 1
181.1 M
FULLY DILUTED
157.8 M
Issued & outstanding
Share Structure (03/31/2014)
Top Shareholders
1. Conversion price for the Notes is US$38.50.
2. Cash and short-term investments at September 30, 2014.
14%
C$1.4
BILLION
market cap
US$138.8
MILLION
cash position2
Share Structure (October 31, 2014)
Top Shareholders
22. 22
Focus on health and safety of our employees, the well-being of our community and the protection of the natural environment
Hiring in the region, giving priority to local Aboriginal communities:
692 full-time employees*
92% of workforce from region
24% are Aboriginals
Scholarship and job training
Supporting local communities
Business opportunities
Corporate philanthropy
Participation in municipal development
Northern Ontario
41%
Cochrane
21%
Cochrane Area
30%
Rest of Ontario
5%
3%
Other
Corporate Responsibility
WORKFORCE ORIGIN
* At October 31, 2014. Excludes corporate office at 36 full-time employees.
23. 23
Debt Repayment Schedule
At September 30, 2014
Revolving Credit Facility (1)
CAT Finance Lease
Convertible Notes
Face Value
US$30 M (1)
US$150 M
US$500 M
Maturity
March 2016
Jan 2017-Dec 2018 (2)
November 30, 2017
Interest Rate
LIBOR + 3%
LIBOR + 4%
5.5%
Payable
Monthly
Quarterly
Semi-annually
Conversion Price
n/a
n/a
$38.50
Payment schedule
Principal
Principal + Interest
Principal
Interest
Total (US$ M)
2014 (remaining)
-
$0.0
-
$13.8
$13.8
2015
-
$34.7
-
$27.5
$62.2
2016
$30
$32.7
-
$27.5
$90.2
2017
-
$35.8
$500
$27.5
$563.3
Thereafter
-
$7.2
-
-
$7.2
Total
$30
$110.4
$500
$96.3
$736.7
1.The Revolving Credit Facility provides for borrowings of up to C$90 M and is subject to a completion test prior to May 31, 2015.
2.Includes multiple leases with maturities of 5 yrs from lease date.
24. 24
Priority Target: Lower Detour area
Lower Detour area approx. 6-7 km south of mill
Structural complexity: number of shear zones sub-parallel and splaying from LDDZ
Several gold mineralization styles encountered
2014 exploration program results:
Mineralization extends for 450 metres
High-grade gold intercepts in altered feldspar porphyry intrusive containing quartz and/or quartz/tourmaline veins
Results suggest that grade and continuity may improve at depth
Near-term Opportunities: Exploration
25. 25
Lower Detour Area
15.5 M oz in Reserves
630 km2
Exploration Focus: Lower Detour
2.0 M oz in Block A Resource
26. 26
Lower Detour Area: 14,874 m of drilling completed in 2014
A
B
C
A’
B’
C’
Exploration Focus: Lower Detour
27. 27
LOM Plan1
02/2014 Update
Proven & Probable Reserves (M oz)2
15.5
Gold grade (g/t)
1.02
Strip ratio (waste:ore)
3.5
Estimated gold recovery (%)
92
Mine life (years)
21.7
Annual gold production (oz)
660,000
Total cash costs (TCC) (C$/oz sold)3
$723
Sustaining capital (C$ billion)
$1.14
TCC3+ capex (C$/oz sold)
$848
LOM Summary
Main objective: Optimize first 5 years
1.As per NI 43-101 compliant Technical Report dated February 4, 2014.
2.Estimated using a gold price of US$1,000/oz. Includes stockpiles as of December 31, 2013.
3.Refer to the section on Non-IFRS Performance Measures on slide 3. Capex = sustaining capital expenditures + deferred stripping.
28. 28
TCC1 (C$/oz sold)
800
700
600
500
400
300
200
100
0
Gold Production
(‘000 oz)
LOM Gold Production/Cost Profile
900
850
800
750
700
650
600
550
500
598,000 oz C$759/oz
0.96 g/t
596,000 oz C$762/oz 0.91 g/t
659,000 oz C$778/oz
1.00 g/t
765,000 oz C$639/oz
1.16 g/t
1.Refer to the section on Non-IFRS Financial Performance Measures on slide 3 of this presentation.
2014 Guidance
450,000-480,000 oz
US$900-975/oz sold1
29. 29
LOM Operating Costs1
C$/t milled
C$/t mined
C$/oz sold 2
Mining costs
11.55
2.56
392
Processing costs
7.82
266
G&A
2.44
83
Total cash operating costs
21.81
741
Other adjustments 3
(18)
Total cash costs
723
29
LOM Operating Costs & Capex
1.As per NI 43-101 compliant Technical Report dated February 4, 2014.
2.Refer to the section on Non-IFRS Financial Performance Measures on slide 3 of this presentation.
3.Other adjustments include costs for deferred stripping, agreements with Aboriginal communities, refining charges and are net of silver by-product credits.
Capex1 (C$ M)
5 yrs: 2014 -2018
LOM
Mining
168
535
Process Plant
71
126
TMA
203
454
G&A
14
28
Total
456
1,143
Deferred Stripping
225
614
Mine Closure
70
Higher capital in first 5 years:
Ramp-up to 38 trucks
Complete plant de- bottlenecking exercise
Prepare TMA foundation for 2nd and 3rd cell
30. 30
Michael Kenyon Executive Chairman
Paul Martin President and CEO
Pierre Beaudoin COO
James Mavor CFO
Julie Galloway Sr VP General Counsel & Corporate Secretary
Derek Teevan Sr VP Corporate & Aboriginal Affairs
Drew Anwyll VP Operations
Pat Donovan VP Corporate Development
Jean-Francois Metail VP Reserves and Resources
Rachel Pineault VP HR & Aboriginal Affairs
James Robertson VP Environment & Sustainability
Charles Hennessey General Manager Operations
Andrew Croal Director Technical Services
Laurie Gaborit Director Investor Relations
Alberto Heredia Controller
Bill Snelling Director Corporate Systems & Controls
Rickardo Welyhorsky Director Mineral Processing
Peter Crossgrove
Lisa Colnett
Louis Dionne
Robert E. Doyle
Alex G. Morrison
Jonathan Rubenstein
Graham Wozniak
André Falzon
Ingrid Hibbard
Michael Kenyon
Paul Martin
Management & Directors
Management
Directors
31. 31
Laurie Gaborit Director Investor Relations Email: lgaborit@detourgold.com Phone: 416.304.0581
Paul Martin President and Chief Executive Officer Email: pmartin@detourgold.com Phone: 416.304.0800
www.detourgold.com
Contact Information