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Detour Gold Corp.
Summary
| Project: | Detour Lake | |
|---|---|---|
| Deposit: | Detour Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-6-2018: Detour Gold Corp. announces a Feasibility Study report for its Detour Lake deposit at the Detour Lake project. Life of Mine plan results incl. post-tax NPV of C $3.45B (5%), 23yr LOM at the project. June 27, 2018 – Detour Gold Corporation (TSX: | |
| Resources: | (Reserve, P+P): 516Mt @ 0.97g/t Au for 16.044Moz Au contained at project | |
| CP/QP: | [Resources]: Paul Daigle (P. Daigle Consulting Services) | |
| ABSTRACT: | June 27, 2018 – Detour Gold Corporation (TSX: DGC) (“Detour Gold” or the “Company”) reports the details of its updated life of mine plan (“2018 LOM Plan”) for its Detour Lake operation located in northeastern Ontario. The 2018 LOM Plan, in conjunction with a stronger leadership team dedicated to implementing several key operational improvement initiatives, represents an intensified commitment to optimize the Detour Lake operation. “Detour Gold is moving forward on an achievable plan to create long-term value for all of our shareholders, with whom we have always maintained an open dialogue. Our Board has made important changes and is committed to making further changes, as necessary, to ensure Detour Lake becomes a consistently profitable operation,” said Alex Morrison, Board Chairman. “With our new mine operating plan in place and a team led by our new Chief Operating Officer, Frazer Bourchier, to execute it, we are confident that we are on track to position the Company as a leading intermediate gold producer. Both management and the Board are highly focused on operational improvements. The impact of the changes we are making will not be evident immediately, but we intend to deliver consistent execution under Frazer’s leadership.”. | |
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