CIBC Whistler Institutional Investor Conference corporate presentation

1. 1
CANADA’S
INTERMEDIATE
GOLD PRODUCER
CIBC Whistler Institutional Investor Conference
January 20-23, 2016

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 AISC of $1,040 to
$1,060 per ounce sold for 2015 and an AISC of $850 to $875 per ounce sold for the fourth quarter of 2015, 2015 year-end cash and short-
term investments balance of approximately $161 million, and 2015 capital expenditures of approximately $90 million.
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 plan 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
undertakes 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.
All monetary amounts are in U.S. dollars unless otherwise stated.

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, agreements with Aboriginal communities, 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.

4. 4
Unique Investment Opportunity
Mining-friendly Jurisdiction
 Large-scale, long mine life
 Strong cash flow profile
 Production growth opportunities
 Favourable exposure to
Canadian Dollar
 Largest gold producing mine not
controlled by a senior producer
DOMINANT
GOLD PRODUCER
IN CANADA

5. 5
Gold production of 505,558 ounces
All-in sustainable costs declined ~35%
during 2015
Debt reduced by $123 million
Year-end cash position of ~$161 M
Electricity contract extended 5 years
to end of 2024
Encouraging high-grade gold intercepts
at Lower Detour
2015 Highlights
Delivering strong performance at Detour Lake Mine
232
457
506
0
100
200
300
400
500
2013 2014 2015
2013-2015 Gold
Production (k oz)

6. 6
Year-Over-Year Improvements
2015 2014
Total mined (Mt) 90.7 76.8
Strip ratio (waste:ore) 2.9 3.7
Mining rate (tpd) 249,000 210,000
Ore milled (Mt) 19.8 17.7
Mill grade (g/t Au) 0.88 0.88
Recovery (%) 91 91
Mill throughput (tpd) 54,114 48,563
Ounces produced (oz) 505,558 456,634
11% Increase in Gold Production

7. 7
2015 BUDGET
238,000 tpd
(87 Mt total mined)
2015 Key Targets Realized
249,000 tpd
(91 Mt total mined)
54,000 tpd
(2,600 tpoh at 87% availability)
1MINING RATE
2 MILL THROUGHPUT RATE
54,114 tpd
(2,680 tpoh at 84% availability)
 ACHIEVED  ACHIEVED

8. 8
106
125 128
146
0
20
40
60
80
100
120
140
Q1 Q2 Q3 Q4
Q4 2015 Highlights
2015 Gold Production (k oz)
Closing the year with record performance in Q4
Gold production:
146,417 oz
Improved grades:
0.98 g/t

9. 9
210
249
239
2014 2015 Q4'15
 Mining rate averaged 239,000 tpd
 Access to higher grades from Phase 1 pit
 ROM stockpiles totaled 4.8 M t at 0.68 g/t at year end
Q4 2015 Operating Results – Mine
2015 Mining Rates (k tpd)

10. 10
49
54 56
2014 2015 Q4'15
2015 Mill Throughput (k tpd)
 Throughput rate averaged 55,522 tpd
› In line with projections with a planned shutdown in November
› Exceeding design capacity since March
Q4 2015 Operating Results – Mill

11. 1109.26.2015
2015 Detour Lake Mine Development

12. 12
106 125 128 146
$1,321
$1,030 $1,071
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
0
50
100
150
200
Q1 Q2 Q3 Q4
2015 All-in Sustaining Costs
Meeting low end of 2015 guidance
1. Refer to the section on Non-IFRS Performance Measures on slide 3 of this presentation.
2. 2015 estimates subject to year-end audit.
■ AISC ($/oz sold)1
■ Gold Production (k oz)
Estimated AISC 1,2
$1,040-1,060 /oz sold
with Q4 at $850-875/oz sold
 Estimated sustaining capital costs2
$90 M
 Capitalized stripping costs
$10 M
$850-875

13. 13
Exploration – Lower Detour
2015 drilling program
 30,408 m completed in Zone 58N
 Positive results confirming continuity
of gold mineralization
› 46 out of 53 holes with visible gold
2016 drilling program
 Winter drilling program of 40,000 m
underway
› Infilling Zone 58N at 25 m and
50 m spacing
› Testing targets along Lower
Detour trend
Qtz-tourmaline stockworks
in altered feldspar porphyry

14. 14
Objectives
 Execute at Detour Lake
› Growing cash flows
 Disciplined capital allocation:
Balance between internal growth
› Development of Block A
› Exploration of Lower Detour and
large claim block
and debt reduction
 Longer term…assess when external
growth opportunities are appropriate
Near-term Strategic Focus
 Increase production
 Lower costs
 Optimize our assets

15. 15
PRODUCTION GROWTH /
DECLINING UNIT COSTS
REALIZE VALUE-ENHANCING
OPPORTUNITIES
GROWING CASH FLOW
A GREAT TIME TO BE A
GOLD PRODUCER!

16. 16
ADDITIONAL
information
 2015 Safety Performance
 2015 Operational Summary
 Exploration Focus: Lower Detour
 Benefiting from a Weak $Cdn
 Shareholder Information
 Analyst Coverage
 Management & Directors
 Contact Information

17. 17
3.9
2.5 2.3
0
0.5
1
1.5
2
2.5
3
3.5
4
2014 ON
Average2
Total Recordable Injury
Frequency Rate (TRIFR)1
2015 Safety Performance
20152014
1. Total recordable injury frequency rate = Total recordable injuries x 200,000 hours divided by total man hours worked.
2. 2014 Ontario Mining Industry average (source: Workplace Safety North, WSIB).

18. 18
2015 Operational Statistics
Q1 Q2 Q3 Q4 2015
Ore mined (Mt) 3.8 6.4 6.5 6.3 23.0
Waste mined (Mt) 16.0 19.1 17.0 15.7 67.7
Total mined (Mt) 19.8 25.5 23.5 22.0 90.7
Strip ratio (waste:ore) 4.2 3.0 2.6 2.5 2.9
Mining rate (tpd) 220,000 280,000 255,000 239,000 249,000
Ore milled (Mt) 4.3 5.2 5.2 5.1 19.8
Mill grade (g/t Au) 0.84 0.82 0.86 0.98 0.88
Recovery (%) 91 91 90 91 91
Mill throughput (tpd) 47,797 57,015 56,015 55,522 54,114
Mill availability (%) 78 88 85 86 84
Ounces produced (oz) 105,572 125,348 128,222 146,417 505,558
Ounces sold (oz) 104,497 123,296 126,241 132,209 486,243

19. 19
Lower Detour
Area
630 km2
Exploration Focus: Lower Detour
Block A
Resource
Detour Lake
OP Mine

20. 20
Exploration Focus: Lower Detour*
*For 2015 results for holes previously released, refer to long section in press release dated October 20, 2015.

21. 21
Benefiting from a Weak Cdn $
Gold Price in US Dollars
vs Canadian Dollars
$1,372
$1,467
$1,564
$Cdn
1-Jan-15 31-Dec-15 14-Jan-16
FX rate 1.16 1.38 1.44
$1,182
$1,060
$1,088
$US
Now
Gold Performance
2015 to Date
$Cdn: +7%
$US: -10%

22. 22
1. Conversion price for the Notes is $38.50.
2. Approximate cash and short-term investments at December 31, 2015.
Shareholder Information
>80% INSTITUTIONS TOTAL
8.1 M Share options
13.0 M Convertible notes 1
192.1 M FULLY DILUTED
171.0 M Issued & outstanding
Share Structure (03/31/2014) Top Shareholders
10%
C$2.6
6
BILLION
market cap$161.0 MILLION
cash position2
Share Structure (December 31, 2015) Top Shareholders
Blackrock
9% Paulson & Co.

23. 23
Initiating
Research
Firm Analyst Target Price at
January 15, 2016
07.06.11 Haywood Kerry Smith $18.75
07.07.09 Paradigm Don Blyth/Don MacLean $22.50
07.08.07 Raymond James Phil Russo $19.25
07.11.26 National Bank Steve Parsons $17.50
07.12.20 Macquarie Mike Siperco $19.00
08.01.14 Canaccord Rahul Paul $20.00
08.07.14 TD Dan Earle $22.00
08.09.04 RBC Dan Rollins $19.00
08.11.06 BMO NB Brian Quast $16.75
09.06.17 Laurentian Pierre Vaillancourt $17.00
10.05.19 CIBC World Markets Cosmos Chiu $21.00
10.07.22 Credit Suisse Anita Soni $19.50
13.04.16 Scotiabank Trevor Turnbull $19.00
13.08.14 Desjardins Michael Parkin $17.50
13.11.12 Beacon Securities Michael Curran $16.00
13.12.09 GMP Securities Ian Parkinson $13.25
14.02.06 Cormark Securities Richard Gray/Tyron Breytenbach $24.50
14.04.22 Goldman Sachs Andrew Quail $17.00
14.06.17 Dundee Capital Markets Josh Wolfson $22.50
Average target C$19.05
Analyst Coverage (19)

24. 24
 Paul Martin
President and CEO
 Pierre Beaudoin
COO
 James Mavor
CFO
 Drew Anwyll
Sr VP Technical Services
 Julie Galloway
Sr VP General Counsel &
Corporate Secretary
 Derek Teevan
Sr VP Corporate &
Aboriginal Affairs
 Jean-François Métail
VP Mineral Resource
Management
 Rachel Pineault
VP HR & Aboriginal Affairs
 Ruben Wallin
VP Environment &
Sustainability
 Charles Hennessey
Mine General Manager
 Laurie Gaborit
Director Investor Relations
 Alberto Heredia
Controller
 Lisa Colnett
 Robert E. Doyle
 André Falzon
 Alex G. Morrison
 Jonathan Rubenstein
 Graham Wozniak
 Ingrid Hibbard
 Michael Kenyon
 Paul Martin
Management & Directors
Management
Directors

25. 25
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