- Detour Gold Corporation is Canada's intermediate gold producer presenting at their annual general meeting.
- They provide guidance for 2015 of 475,000-525,000 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 focuses for 2015 include optimizing mining and milling rates to achieve production targets and realizing near-term opportunities such as updating the life of mine plan and testing processing of low-grade stockpiles.
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.
Detour Gold Corporation presented at the 2015 Global Mining & Materials Conference. Key points:
1) Detour Gold provided 2015 production guidance of 475,000-525,000 ounces of gold at an estimated total cash cost of $780-$850 per ounce and all-in sustaining cost of $1,050-$1,150 per ounce.
2) The presentation highlighted that Detour Gold has been exceeding its mining and milling targets over the last three months and is on track to achieve its 2015 guidance.
3) Detour Gold is focused on optimizing operations and reducing costs in 2015 to strengthen its balance sheet and provide leverage to a higher gold price and weaker Canadian dollar.
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 Corporation is Canada's second largest gold producer and has the largest gold reserves in Canada. The document provides Detour Gold's 2015 production guidance of 475,000-525,000 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. It also outlines Detour Gold's key drivers for success in 2015, including execution of its plan to increase gold production through higher mining and milling rates and strengthening its balance sheet. Near to long-term value enhancements include plant optimization, development of the Block A deposit, and exploration potential.
Detour Gold Corporation is a Canadian intermediate gold producer that presented its corporate overview and 2015 guidance. Key points include:
- 2015 production guidance of 475,000-525,000 ounces of gold at total cash costs of $780-$850/ounce and all-in sustaining costs of $1,050-$1,150/ounce.
- Q2 2015 saw record mining and milling rates and lower costs per ounce, positioning the company well for the remainder of 2015.
- The company is focused on optimizing operations through mill throughput increases, mining rate improvements, and evaluating opportunities in its life of mine plan update to maximize value over the next 5-10 years.
Detour Gold Corporation is a Canadian intermediate gold producer that presented at the 21st Annual Canada Mining Conference. 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 will focus on optimizing operations at its Detour Lake Mine in northern Ontario through initiatives like plant optimization and the development of the Block A zone. Detour Gold also plans to update its life of mine plan and continues exploring regional targets around its 630 square kilometer land package.
- The document discusses Detour Gold Corporation's Detour Lake Mine in Canada. It provides production guidance for 2015 of 400-425 thousand 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 mine is exceeding its mining and milling targets for 2015, achieving mining rates of over 271,000 tonnes per day and mill throughput of 59,370 tonnes per day recently. There is potential to further optimize operations to increase production.
- Safety is a priority, with a total recordable injury frequency rate of 2.1 so far in 2015, below the provincial mining industry average. The mine aims
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.
Detour Gold Corporation presented at the 2015 Global Mining & Materials Conference. Key points:
1) Detour Gold provided 2015 production guidance of 475,000-525,000 ounces of gold at an estimated total cash cost of $780-$850 per ounce and all-in sustaining cost of $1,050-$1,150 per ounce.
2) The presentation highlighted that Detour Gold has been exceeding its mining and milling targets over the last three months and is on track to achieve its 2015 guidance.
3) Detour Gold is focused on optimizing operations and reducing costs in 2015 to strengthen its balance sheet and provide leverage to a higher gold price and weaker Canadian dollar.
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 Corporation is Canada's second largest gold producer and has the largest gold reserves in Canada. The document provides Detour Gold's 2015 production guidance of 475,000-525,000 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. It also outlines Detour Gold's key drivers for success in 2015, including execution of its plan to increase gold production through higher mining and milling rates and strengthening its balance sheet. Near to long-term value enhancements include plant optimization, development of the Block A deposit, and exploration potential.
Detour Gold Corporation is a Canadian intermediate gold producer that presented its corporate overview and 2015 guidance. Key points include:
- 2015 production guidance of 475,000-525,000 ounces of gold at total cash costs of $780-$850/ounce and all-in sustaining costs of $1,050-$1,150/ounce.
- Q2 2015 saw record mining and milling rates and lower costs per ounce, positioning the company well for the remainder of 2015.
- The company is focused on optimizing operations through mill throughput increases, mining rate improvements, and evaluating opportunities in its life of mine plan update to maximize value over the next 5-10 years.
Detour Gold Corporation is a Canadian intermediate gold producer that presented at the 21st Annual Canada Mining Conference. 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 will focus on optimizing operations at its Detour Lake Mine in northern Ontario through initiatives like plant optimization and the development of the Block A zone. Detour Gold also plans to update its life of mine plan and continues exploring regional targets around its 630 square kilometer land package.
- The document discusses Detour Gold Corporation's Detour Lake Mine in Canada. It provides production guidance for 2015 of 400-425 thousand 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 mine is exceeding its mining and milling targets for 2015, achieving mining rates of over 271,000 tonnes per day and mill throughput of 59,370 tonnes per day recently. There is potential to further optimize operations to increase production.
- Safety is a priority, with a total recordable injury frequency rate of 2.1 so far in 2015, below the provincial mining industry average. The mine aims
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.
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.
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.
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.
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.
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.
- Detour Gold Corporation reported first quarter 2015 results with total revenues of $127.4 million and gold sales of 104,497 ounces.
- Production costs were $97.7 million resulting in a loss from mine operations of $7.2 million. The company reported a net loss of $63.1 million or $0.38 per share.
- Key highlights included average total cash costs of $925 per ounce sold and all-in sustaining costs of $1,307 per ounce sold. Drilling at Lower Detour extended the high-grade zone along strike and depth.
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.
- 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 is a Canadian intermediate gold producer focused on optimizing operations at its Detour Lake mine in Ontario.
2) In 2015, Detour Gold aims to increase production to a range of 475,000 to 525,000 ounces of gold at total cash costs of $780 to $850 per ounce and all-in sustaining costs of $1,050 to $1,150 per ounce.
3) The company sees opportunities to further optimize operations through increasing throughput, extracting fine material and pebbles, and exploring regional targets near Detour Lake.
1) Detour Gold is a Canadian intermediate gold producer focused on optimizing operations at its Detour Lake mine in Ontario.
2) In 2015, Detour Gold aims 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.
3) The company sees opportunities to increase production and reduce costs through initiatives like processing fines and extracting pebbles, with the goal of strengthening its balance sheet.
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
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
Golden Star reported its Q3 2015 financial results. Key highlights included suspending high-cost refractory operations, commencing mining development at Prestea Underground and Wassa Underground, and achieving $75 million of $150 million in funding which improved liquidity and allowed retirement of debt. Cost reduction efforts such as optimizing mining and processing operations led to decreases in mine operating expenses and cash operating costs compared to previous quarters.
- Lake Shore Gold produced 136,200 ounces of gold in the first nine months of 2015 and 40,600 ounces in Q3 2015, meeting its production guidance. Cash operating costs were US$567/oz for the first nine months and US$604/oz for Q3, on track to meet full-year guidance.
- Cash and bullion increased to approximately $88 million at the end of October 2015, up $26 million year-to-date. Revenue reached a record $209.6 million in the first nine months due to high production and gold prices.
- Exploration activities continued to advance the 144 Gap Zone, with the first resource estimate expected in Q1 2016.
BMO Capital Markets Global Metals & Mining Conferenceyamanagold2015
This document provides an overview of Yamana Gold's operations and outlook. Some key points:
- 2014 production totaled 1.4 million GEO at an AISC of $807/GEO, below guidance. Cornerstone assets performed as expected.
- Operations snapshots are provided for each of Yamana's mines, highlighting 2014 performance and 2015-2017 production outlooks.
- The construction decision was made to proceed with the Cerro Moro project, with an estimated capital cost of $398 million and potential for exploration to increase reserves.
- The 2015-2017 production outlook is 1.3-1.4 million GEO annually at an AISC of $800-$830/oz, with expansionary capital
Golden Star has entered into a financing agreement with Royal Gold and its subsidiary to provide $150 million in funding. The agreement includes a $130 million gold stream and a $20 million secured loan. The funding will be used to develop the Wassa and Prestea underground mines and fully finance Golden Star's transformation into a non-refractory gold producer. The new mines are expected to significantly improve Golden Star's cost profile and production once in operation with short timelines to first production and good free cash flow.
Q1 2016 results showed that Golden Star's transition to lower-cost operations is taking effect. Cash operating costs and all-in sustaining costs declined significantly from prior periods. Production exceeded expectations and cash flow from operations was positive. A $20 million payment was received from Royal Gold per the streaming agreement and additional financing of $15 million is expected to close in May 2016.
- 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.
Detour Gold Corporation presents information on its Detour Lake gold mine in Ontario, Canada. Key points include:
- Detour Lake is projected to become a leading intermediate gold producer with average annual production of 657,000 ounces over a 21.5 year mine life.
- Commercial production is targeted for Q3 2013, with gold production guidance of 260,000-320,000 ounces for 2013.
- The mine has 15.6 million ounces of gold reserves at an average grade of 1.03 g/t. Detour Gold plans to grow reserves to over 20 million ounces through exploration and expansion.
- Total cash costs are estimated at $749 per ounce on average over the life of
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.
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.
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.
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.
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.
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.
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.
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.
- Detour Gold Corporation reported first quarter 2015 results with total revenues of $127.4 million and gold sales of 104,497 ounces.
- Production costs were $97.7 million resulting in a loss from mine operations of $7.2 million. The company reported a net loss of $63.1 million or $0.38 per share.
- Key highlights included average total cash costs of $925 per ounce sold and all-in sustaining costs of $1,307 per ounce sold. Drilling at Lower Detour extended the high-grade zone along strike and depth.
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.
- 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 is a Canadian intermediate gold producer focused on optimizing operations at its Detour Lake mine in Ontario.
2) In 2015, Detour Gold aims to increase production to a range of 475,000 to 525,000 ounces of gold at total cash costs of $780 to $850 per ounce and all-in sustaining costs of $1,050 to $1,150 per ounce.
3) The company sees opportunities to further optimize operations through increasing throughput, extracting fine material and pebbles, and exploring regional targets near Detour Lake.
1) Detour Gold is a Canadian intermediate gold producer focused on optimizing operations at its Detour Lake mine in Ontario.
2) In 2015, Detour Gold aims 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.
3) The company sees opportunities to increase production and reduce costs through initiatives like processing fines and extracting pebbles, with the goal of strengthening its balance sheet.
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
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
Golden Star reported its Q3 2015 financial results. Key highlights included suspending high-cost refractory operations, commencing mining development at Prestea Underground and Wassa Underground, and achieving $75 million of $150 million in funding which improved liquidity and allowed retirement of debt. Cost reduction efforts such as optimizing mining and processing operations led to decreases in mine operating expenses and cash operating costs compared to previous quarters.
- Lake Shore Gold produced 136,200 ounces of gold in the first nine months of 2015 and 40,600 ounces in Q3 2015, meeting its production guidance. Cash operating costs were US$567/oz for the first nine months and US$604/oz for Q3, on track to meet full-year guidance.
- Cash and bullion increased to approximately $88 million at the end of October 2015, up $26 million year-to-date. Revenue reached a record $209.6 million in the first nine months due to high production and gold prices.
- Exploration activities continued to advance the 144 Gap Zone, with the first resource estimate expected in Q1 2016.
BMO Capital Markets Global Metals & Mining Conferenceyamanagold2015
This document provides an overview of Yamana Gold's operations and outlook. Some key points:
- 2014 production totaled 1.4 million GEO at an AISC of $807/GEO, below guidance. Cornerstone assets performed as expected.
- Operations snapshots are provided for each of Yamana's mines, highlighting 2014 performance and 2015-2017 production outlooks.
- The construction decision was made to proceed with the Cerro Moro project, with an estimated capital cost of $398 million and potential for exploration to increase reserves.
- The 2015-2017 production outlook is 1.3-1.4 million GEO annually at an AISC of $800-$830/oz, with expansionary capital
Golden Star has entered into a financing agreement with Royal Gold and its subsidiary to provide $150 million in funding. The agreement includes a $130 million gold stream and a $20 million secured loan. The funding will be used to develop the Wassa and Prestea underground mines and fully finance Golden Star's transformation into a non-refractory gold producer. The new mines are expected to significantly improve Golden Star's cost profile and production once in operation with short timelines to first production and good free cash flow.
Q1 2016 results showed that Golden Star's transition to lower-cost operations is taking effect. Cash operating costs and all-in sustaining costs declined significantly from prior periods. Production exceeded expectations and cash flow from operations was positive. A $20 million payment was received from Royal Gold per the streaming agreement and additional financing of $15 million is expected to close in May 2016.
- 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.
Detour Gold Corporation presents information on its Detour Lake gold mine in Ontario, Canada. Key points include:
- Detour Lake is projected to become a leading intermediate gold producer with average annual production of 657,000 ounces over a 21.5 year mine life.
- Commercial production is targeted for Q3 2013, with gold production guidance of 260,000-320,000 ounces for 2013.
- The mine has 15.6 million ounces of gold reserves at an average grade of 1.03 g/t. Detour Gold plans to grow reserves to over 20 million ounces through exploration and expansion.
- Total cash costs are estimated at $749 per ounce on average over the life of
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.
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.
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.
Goldman Sachs Global Metals & Mining ConferenceDetourGold
This document provides an overview and summary of Detour Gold Corporation's presentation at the Goldman Sachs Global Metals & Mining Conference in November 2014. Some key points:
- Detour Gold is a large intermediate Canadian gold producer with over 15 million ounces of gold reserves and a 21+ year mine life at its Detour Lake mine.
- In Q3 2014 the company was on track to meet its production and cost guidance for the year and had significantly de-risked the mill operation, with confidence in exiting the year at throughput rates of 55,000 tonnes per day.
- Near-term opportunities identified to increase production included increasing throughput capacity, bringing a new deposit area to feasibility, removing pe
This document provides an overview of Detour Gold Corporation and its Detour Lake gold mine in Ontario, Canada. Some key points:
- Detour Lake is Detour Gold's sole asset and is a large, long-life open pit gold mine with proven and probable reserves of 15.6 million ounces.
- The mine achieved commercial production in August 2013 and is ramping up, with production expected to be between 240,000-260,000 ounces in 2013.
- Detour Gold plans to increase throughput and production over time to fully utilize the 55,000 tonnes per day processing plant and achieve an average annual production of over 600,000 ounces per year over the mine life.
This document provides an overview of Detour Gold Corporation, a Canadian gold mining company focused on its Detour Lake mine in Ontario, Canada. Detour Gold became a gold producer in 2013 after completing construction of its Detour Lake open pit mine, which contains over 15 million ounces of gold reserves. The company aims to become a leading intermediate gold producer through optimizing operations at Detour Lake, pursuing organic growth opportunities on its large land package, and prioritizing shareholder value and safe operations.
- 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 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.
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
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 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 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
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 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 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 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.
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%.
- Planned sustaining capital expenditures are $90-100 million which is expected to generate $140-195 million in net cash flow for 2015 depending on gold prices.
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.
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 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
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 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.
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.
2015 Annual General Meeting PresentationDetourGold
- Detour Gold Corporation is Canada's intermediate gold producer presenting at their annual general meeting.
- They provide guidance for 2015 of 475,000-525,000 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 focuses for 2015 include optimizing mining and milling rates to achieve production targets and realizing near-term opportunities such as updating the life of mine plan and testing processing of low-grade stockpiles.
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 2015 guidance for
production, total cash costs, all-in sustaining costs, capital costs, deferred stripping costs, and exploration costs; expected throughput,
mining and recovery rates; expected future production and mining activities; opportunities to optimize the mine operation; timeline for the
life of mine plan update, second test for the processing of fines, and exploration program; and opportunities to optimize the mine operation.
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 2014 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 scientific and technical content of this presentation was reviewed, verified and approved by Drew Anwyll, P.Eng., Senior Vice President
Technical Services, and exploration results was reviewed, verified and approved by Guy MacGillivray, P.Geo.., Exploration Manager , both
Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral
Projects”.
Qualified Persons
Non-IFRS Financial Performance Measures
The Company has included non-IFRS measures in this presentation: total cash costs and all-in sustaining costs. 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. The 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 these measure differently.
Detour Gold reports total cash costs on a sales basis. Total cash costs include production costs such as mining, processing, refining and site
administration, less non-cash share-based compensation and net of silver sales divided by gold ounces sold to arrive at total cash costs per gold ounce
sold. The measure also includes other mine related costs incurred such as mine standby costs and current inventory write downs. Production costs are
exclusive of depreciation and depletion. Production costs include the costs associated with providing the royalty in kind ounces.
Commencing in 2015, the Company adopted all-in sustaining costs on a prospective basis. The Company believes this measure more fully defines the total
costs associated with producing gold. The Company calculates all-in sustaining costs as the sum of total cash costs (as described above), share-based
compensation, corporate general and administrative expense, exploration and evaluation expenses that are sustaining in nature, reclamation cost
accretion, sustaining capital including deferred stripping, and realized gains and losses on hedges due to operating and capital costs, all divided by the gold
ounces sold to arrive at a per ounce figure.
Costs excluded from all-in sustaining costs are non-sustaining capital expenditures and exploration costs that are expected to materially increase
production, financing costs and tax expense. Consequently, this measure is not representative of all of the Company’s cash expenditures. In addition, the
calculation of all-in sustaining costs does not include depreciation and depletion expense as it does not reflect the impact of expenditures incurred in prior
periods.
5. 5
2015 Production Guidance (Koz)
Mining friendly jurisdiction
DGC
Detour Lake
AEM/YRI
Canadian
Malartic
AEM
Meadowbank
G
Red Lake
Canadian Intermediate Gold Producer
DOMINANT GOLD
PRODUCER IN CANADA
400-
425
560
475-
525 400
6. 6
Gold Reserves (Moz)
DGC
Detour Lake
AEM/YRI
Canadian
Malartic
AEM
Meadowbank
G
Red Lake
Canadian Intermediate Gold Producer
LARGEST RESERVES OF
CANADIAN PRODUCERS
2.1
15.0
8.7
1.2
#1 in Canada
7. 7
Zero Harm is Our Goal
Serious Injury
Frequency Rates1
2.4 2.5
3.9
0
0.5
1
1.5
2
2.5
3
3.5
4
2014 Safety Performance
2013 2014 2014 ON
Average2
2014
Slight increase over 2013
Well below the Ontario mining industry
average
2015 Initiatives
Safety Leadership for Safe Production
Life Saving Rules
1. Serious injury frequency rates = number of recorded injuries per 200,000 hours worked.
2. 2014 Ontario Mining Industry average (source: Workplace Safety North, WSIB).
8. 8
Near doubling of gold production with
21% decrease in total cash costs
Debt reduced by US$57 million
Successful results from processing
fines from low-grade stockpile
Encouraging high-grade drilling results
at Lower Detour
232
457$1,182
$928
$300
$500
$700
$900
$1,100
$1,300
$1,500
0
50
100
150
200
250
300
350
400
450
500
457232
■Total Cash Costs (US$/oz sold)1
■Gold Production (K oz)
2013 2014
1. Refer to the section on Non-IFRS Performance Measures on slide 3 of this presentation.
2014 Achievements
Delivered on production, cost, and capex
Detour Lake Mine
9. 9
2015 Drivers to Success
Execution of Plan
Gold production increase with higher
mining and milling rates
Strengthen balance sheet
Added Benefits
Significant leverage to gold price and
Canadian dollar
Low power and declining diesel costs
Near to Long-Term Value Enhancements
Processing fines
Pebble extraction
Exploration potential
10. 10
third year
of operation
2015
2015 Guidance1
TCC1
$780-
$850
AISC/oz sold2
$1,050-$1,150
Capital Expenditures
Sustaining capital: $90-100 M
ACHIEVABLE
475,000 -
525,000
Gold ounces
ESTIMATED
COSTS
ESTIMATED
PRODUCTION
Deferred stripping: $20-25 M
1. Cost assumptions (US$): Gold price of $1,200/oz, diesel fuel price of $0.82 per litre; power cost of $0.04 per kilowatt hour;
and exchange rate of $1.00US:$1.15Cdn.
2. Refer to the section on Non-IFRS Performance Measures on slide 3 of this presentation.
11. 11
Prudent Financial Management
Hedge up to 50% of 2015 Gold Production
Forward sales on 85,000 oz @ US$1,255/oz
Currency Exchange Contracts
Zero-cost collars for US$90 M with a ceiling
of 1.20; Forward contracts for US$50 M at
average 1.26
Hedge ~50% of Q2-Q3 Diesel Use
Purchasing diesel product (~12 M litres) at
effective hedge price of C$0.80/litre
12. 12
2015 Key Targets
PLAN FOR MILL
~54,000 tpd mill throughput
(milling rates of ~2,600 tpoh
at 87% availability)
2
Improve mill availability
PLAN FOR MINE
238,000 tpd average mining rate
(approx. 87 Mt total mined)
1
Improve drilling performance
and increase shovel productivity
FOCUS:FOCUS:
Strong focus on optimization and efficiency
13. 13
270
220
238 238 238
5 20 30
170
180
190
200
210
220
230
240
250
260
270
Positive progress on drilling rates, blasted inventory, and shovel
productivity
Operating at budget rate of 238,000 tpd for last 3 months (last 2
months at 257,000 tpd)
Q2E Q4EQ3E
2015 Mining Rates (ktpd)
Targets for
improvement250
210
170
2015 Plan for Mine
Q1
2015 Budget of 238,000 tpd (Phase 1 & 2)
Avg last 2 mths
190
230
14. 14
2015 Estimated Production(Koz)
0
20
40
60
80
100
120
140
160
180
200
Work towards bringing Q4 ounces into Q3 (i.e. Q4 ROM
stockpile of 1.8 Mt at 0.80 g/t)
Target of 250,000 tpd for year-end achievable
200
160
120
80
40
0
Higher mining rates provides operational flexibility
2015 Mine Plan Upside
H H
H
L
L L
SP
106
MT
mined
3.5:1 STRIP RATIO
waste:ore
MT
ROM stockpiles
87
1.8
2015 Mine Plan
Q2E Q4EQ3EQ1
15. 15
48
55 55 55
30
40
50
60
Q1'15 Q2'15 Q3'15 Q4'15
Last 2 months at 59,000 tpd, exceeding design capacity by 7%
Targeting throughput rate of 54,000 tpd for 2015
Plant stabilization since mid-February
2015 Plan for Mill
2015 Mill Throughput (Ktpd)1
Avg last 2 mths
MT
ore milled
0.86 G/T AU
head grade
%
gold recovery
19.7
91.5
2015 Mine Plan
Q2E Q4EQ3EQ1
1. 55,000 tpd is the budget average throughput for Q2-Q4.
60
50
40
30
16. 16
Realizing on Near-Term Opportunities
LOM Plan Update in Q4
5 options being reviewed that include Block A
Low-grade Stockpiles (not in reserves)
Second test in H2: 4,000 t of enriched material
to be processed
Pebble Circuit Extractor
Design completed; evaluating integration with
operations
Increase Exploration Activities
Start 30,000 metre drilling program at Lower
Detour this summer
17. 17
2015 Exploration focus: Lower Detour
Promising Exploration on 630 km2
Q1 Drilling Program
5,700 m completed at Lower Detour:
extended high-grade mineralization of
Zone 58N
Q2-Q3 Drilling Program
30,000 m additional drilling: 50-metre infill
totaling 50 holes to assess UG potential
(budget of $5 M)
Regional Potential
Target identification following airborne
magnetics and IP ground surveys
19. 19
Q1 2015 Drilling: Lower Detour
1.96/31
Inc. 4.15/8.7
1.64/38.5
Inc. 4.91/6.5
1.55/35
11.82/32.4
3.46/10.3
12.74/28
1.72/21
1.55/16
20. 20
PRODUCTION GROWTH /
DECLINING UNIT COSTS
REALIZE VALUE-ENHANCING
OPPORTUNITIES
MATERIAL INPUTS TRENDING
FAVOURABLY
GROWING CASH FLOW
A GREAT TIME TO BE A
GOLD PRODUCER!