The Gold Report
Notable Quotes
"GRG outlined ~110 Moz Ag eq at Chinchillas, and it has barely scratched the surface." (6/17/13) Golden Arrow Resources Corp. - The Gold Report Interview with Jay Taylor More >
"AVA's grades are around 1 g/t, with lots of exploration potential." (6/17/13) Aurvista Gold Corp. - The Gold Report Interview with Jay Taylor More >
"We saw insider buying in DGC, which has gone to the capital markets to raise money." (6/14/13) Detour Gold Corp. - The Gold Report Interview with Ted Dixon More >
"The potential for the court to award RPM either the LH claims outright or give it some substantial settlement make it a company to watch." (6/1/13) Rye Patch Gold Corp. - Brien Lundin, Gold Newsletter (Jefferson Financial) More >
"For a junior, CYD offers a lot to like, including a good share structure and money in the bank." (6/12/13) Cayden Resources Inc. - The Gold Report Interview with Brien Lundin More >
Companies
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Experts Commenting on This Company
- Don Blyth
- Steven Butler
- Cosmos Chiu
- David Christensen
- Ted Dixon
- Gregory Dorsey
- Daniel Earle
- Ian Gordon
- Tony Hayes
- John Hayes
- Brad Humphrey
- Louis James
- Eric Lemieux
- Ivan Lo
- Jamie Mackie
- Mike Parkin
- Steve Parsons
- Marc Robinson
- Michael Siperco
- Kerry Smith
- Anita Soni
- John Stephenson
- Peter Vermeulen
- Stephen Walker
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Detour Gold Corp.TICKER: DGC:TSX
Detour Gold Corp. is an emerging mid-tier gold producer in Canada. The Detour Lake open-pit mine is expected to produce an average of 657,000 ounces of gold annually over a period of 21.5 years. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Comments:
The Gold Report Interview with Ted Dixon (6/14/13) "We saw insider buying in Detour Gold Corp. during the selloff in April. Subsequently, the company has gone to the capital markets to raise some money. That shows that the gold sector is perhaps not as bad as everyone thinks." More >
Cosmos Chiu, CIBC World Markets (6/13/13) "We resume coverage of Detour Gold Corp., with the recently completed CA$176M equity financing. . .the company continues to focus on the ramp-up of Detour Lake, working to increase throughput at the processing plant to nameplate capacity of 55,000 tpd. . .full-year production guidance is for 260–320 Koz at total cash costs of CA$800–1,000/oz, with commercial production scheduled for delivery in Q3/13."
Michael Siperco, Macquarie Capital Markets (6/13/13) "We are resuming coverage of Detour Gold Corp. following the close of the company's CA$176M equity financing (20M shares at $8.75/share) announced May 21. . .we reiterate our Outperform recommendation. . .Detour is still trading at a significant discount to its peers. . .with the financing done, positive news from the mine should start to drive the stock higher."
Eric Lemieux, Laurentian Bank Securities (6/11/13) "We are reinitiating coverage of Detour Gold Corp. with a Buy rating and a one-year price target of $18.75. . .the company is continuing the ramp up at Detour Lake with commercial production expected to be declared in H2/13. . .we are estimating 2013 production to reach ~275 Koz gold. . .we believe that Detour is positioned to maintain its growth strategy and succeed with the ramp-up of operations. . .experienced management has created a steady track record of results. . .they have also increased M&I resources more than fourfold through aggressive drilling. We believe Detour Lake is becoming a world-class operation."
Cosmos Chiu, CIBC World Markets (5/17/13) "Detour Gold Corp.'s ramp-up at the Detour Lake mine continues to progress, with the processing plant recording, on several days, a milling rate of between 40–50 Kt per operating day. We expect a grade of +0.8 g/t for the remainder of the year. . .as of April 30, the company had approximately $128M in cash and short-term investments, and an additional $20M available from its revolving credit facility."
