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Detour Gold Corp (DGC.TO)

DGC.TO on Toronto Stock Exchange

10.80CAD
1:30am IST
Change (% chg)

$-0.28 (-2.53%)
Prev Close
$11.08
Open
$11.08
Day's High
$11.28
Day's Low
$10.76
Volume
715,654
Avg. Vol
815,145
52-wk High
$15.40
52-wk Low
$9.11

Latest Key Developments (Source: Significant Developments)

Paulson & Co. asks for Special Meeting Of Detour Gold shareholders, nominates eight directors
Thursday, 26 Jul 2018 

July 26 (Reuters) - Detour Gold Corp ::PAULSON & CO. INC. REQUISITIONS SPECIAL MEETING OF DETOUR GOLD SHAREHOLDERS, NOMINATES EIGHT HIGHLY QUALIFIED DIRECTORS TO BRING POSITIVE CHANGE.PAULSON & CO. INC. - PAULSON, THROUGH INVESTMENT FUNDS IT MANAGES, EXERCISES CONTROL OR DIRECTION OVER ABOUT 5.4 % OF DETOUR GOLD'S SHARES.PAULSON & CO SAYS IT WAS SERVED ON JULY 24 WITH STATEMENT OF CLAIM ISSUED BY DETOUR IN ONTARIO SUPERIOR COURT.PAULSON & CO SAYS IT IS "NOT ADVOCATING FOR A FIRE SALE" OF DETOUR, BUT REVIEW OF ALL ALTERNATIVES, INCLUDING A SALE.  Full Article

Detour Gold Says Public Auction Of Co At This Time Not In Best Interests
Friday, 20 Jul 2018 

July 20 (Reuters) - Detour Gold Corp ::DETOUR GOLD CORP - ANTICIPATE ANNOUNCING TWO NEW DIRECTORS TO REPLACE EXISTING BOARD MEMBERS IN NEAR TERM.DETOUR GOLD CORP - REMAINS FIRM IN ITS BELIEF THAT A PUBLIC AUCTION OF COMPANY AT THIS TIME IS NOT IN BEST INTERESTS.DETOUR GOLD CORP - "SPECIAL COMMITTEE WILL CONTINUE TO RESPONSIBLY REVIEW AND EVALUATE VARIOUS OTHER STRATEGIC AVENUES ".DETOUR GOLD CORP - BELIEVES COMBINATION OF INTERIM CEO MICHAEL KENYON, FRAZER BOURCHIER AS NEW COO IS "MOST STABLE SOLUTION" IN NEAR TERM.DETOUR GOLD - AS 2018 LOM PLAN ROLLS OUT UNDER LEADERSHIP OF FRAZER BOURCHIER, BOARD WILL CONDUCT A SKILLS AND NEEDS SEARCH FOR CEO.DETOUR GOLD - WHENEVER CO WAS APPROACHED OVER YRS, SPECIAL COMMITTEE APPROVED SIGNING OF CONFIDENTIALITY AGREEMENTS, CONSIDERED STRATEGIC ALTERNATIVES.DETOUR GOLD - DURING PERIODS WHENEVER CO WAS APPROACHED, NO OFFERS TO PURCHASE CO'S SHARES EMERGED.  Full Article

Detour Gold Announces Board And Management Changes
Friday, 18 May 2018 

May 18 (Reuters) - Detour Gold Corp ::DETOUR GOLD ANNOUNCES BOARD AND MANAGEMENT CHANGES.SAYS CEO AND PRESIDENT PAUL MARTIN TO RETIRE.MICHAEL KENYON, CHAIRMAN OF BOARD, WILL ASSUME ROLE OF INTERIM CHIEF EXECUTIVE OFFICER.ALEX MORRISON, DIRECTOR, WILL ASSUME ROLE OF BOARD CHAIRMAN EFFECTIVE JUNE 1, 2018..DETOUR GOLD - MARTIN WILL BE RETIRING AS PRESIDENT AND CHIEF EXECUTIVE OFFICER AND AS A MEMBER OF BOARD, EFFECTIVE JUNE 1.  Full Article

Detour Gold Reports Q1 EPS $0.06
Friday, 27 Apr 2018 

April 26 (Reuters) - Detour Gold Corp ::DETOUR GOLD REPORTS FIRST QUARTER 2018 RESULTS AND PROVIDES UPDATE ON MINE PLAN ASSESSMENT WITH GUIDANCE REVISIONS FOR 2018.Q1 EARNINGS PER SHARE $0.06.Q1 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.Q1 ADJUSTED EARNINGS PER SHARE $0.16.Q1 REVENUE $201.4 MILLION VERSUS I/B/E/S VIEW $194.5 MILLION.PROVIDES UPDATE ON MINE PLAN ASSESSMENT WITH GUIDANCE REVISIONS FOR 2018.CO IS REVISING ITS 2018 ANNUAL GOLD PRODUCTION GUIDANCE TO BETWEEN 595,000 OUNCES AND 635,000 OUNCES.2018 FREE CASH FLOW BEFORE FINANCING ACTIVITIESO ESTIMATED AT $55 MILLION COMPARED TO $115 MILLION IN PRIOR GUIDANCE.GOLD PRODUCTION TOTALED 157,141 OUNCES IN Q1, REFLECTING HIGHER HEAD GRADES OFFSET BY LOWER MILL THROUGHPUT TONNAGE.RESCHEDULED NORTH PIT DEVELOPMENT AND ANY IMPACT ON WALTER LAKE TO 2026.DELAY OF WEST DETOUR PROJECT IS RESULTING IN DEFERRAL OF APPROXIMATELY 150,000 OUNCES TO BEYOND 2019-23 PERIOD.DEVELOPMENT OF WEST DETOUR PIT REMAINS IN 2025.  Full Article

Detour Gold reports Q3 adjusted earnings per share $0.21
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - Detour Gold Corp :Detour Gold reports third quarter 2017 results.Q3 adjusted earnings per share $0.21.Q3 earnings per share $0.24.Q3 revenue $164 million versus I/B/E/S view $191.5 million.Q3 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Detour Gold Corp - ‍sees 2017 gold production 550,000 oz - 600,000​ oz.Detour Gold - ‍projected capital expenditures for 2017 remain as previously stated at about $160 to $180 million with higher capitalized stripping costs​.  Full Article

UPDATE 1-Second activist targets Canadian miner Detour, seeks board changes

TORONTO, Oct 16 U.S. hedge fund Livermore Partners has called for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.