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Last $10.89 USD
Change Today 0.00 / 0.00%
Volume 0.0
DRGDF On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 8:10 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

detour gold corp (DRGDF) Snapshot

Open
$10.90
Previous Close
$10.95
Day High
$10.90
Day Low
$10.69
52 Week High
06/23/14 - $14.50
52 Week Low
11/5/14 - $5.32
Market Cap
1.9B
Average Volume 10 Days
36.7K
EPS TTM
--
Shares Outstanding
170.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DETOUR GOLD CORP (DRGDF)

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detour gold corp (DRGDF) Details

Detour Gold Corporation, an intermediate gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties in Canada. The company’s primary asset is the Detour Lake property located in Northeastern Ontario. Its Detour Lake property consists of a contiguous group of mining leases and claims totaling 626 square kilometers in the District of Cochrane, as well as comprises a group of claims located in Massicotte Township, Québec. The company was founded in 2006 and is headquartered in Toronto, Canada.

detour gold corp (DRGDF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$709.4K
Chief Financial Officer
Total Annual Compensation: C$418.7K
Chief Operating Officer
Total Annual Compensation: C$540.8K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: C$334.8K
Senior Vice President of Corporate & Aborigin...
Total Annual Compensation: C$334.8K
Compensation as of Fiscal Year 2014.

detour gold corp (DRGDF) Key Developments

Detour Gold Corporation Announces Earnings and Production Results for First Quarter Ended March 31, 2015; Provides Production and Capital Expenditure Guidance for the Year 2015

Detour Gold Corporation announced earnings and production results for first quarter ended March 31, 2015. For the quarter, the company reported metal sales of $127.4 million, net loss of $63.1 million or $0.38 per share, adjusted net loss of $23.5 million or $0.14 per share compared to the metal sales of $110 million, net loss of $54.9 million or $0.38 per share, adjusted net loss of $28.1 million or $0.2 per share for the same quarter a year ago. Loss from mine operations were $7.2 million compared to the $3.7 million for the same quarter year ago. Cash flow generated from operations was $16.5 million and includes $12 million of cash tied up in working capital due to the buyout of the CAT lease. For the quarter, the company gold production totaled 105,572 ounces, approximately 4% below the lower end of the guidance range for the first quarter of 2015. For the period, the mill facility processed 4.3 million tonnes (Mt) of ore or an average of 47,797 tonnes per day (tpd) at recoveries of 91%. Processed grade was 0.84 grams per tonne (g/t), in line with projections for the quarter. The company confirmed its 2015 guidance of between 475,000 and 525,000 ounces of gold at total cash costs of $780 to $850 per ounce sold. Total cash costs are expected to be at approximately $900 per ounce sold for the first nine months of 2015 and then decline to below $700 per ounce sold in the fourth quarter. This significant reduction reflects the higher gold production and the building of stockpile inventories in the fourth quarter. All-in sustaining costs are expected to be between $1,050 and $1,150 per ounce sold. Expected sustaining capital expenditures and capitalized stripping costs for 2015 remain as previously stated at approximately $90 to $100 million and $20 to $25 million, respectively. Exploration expenditures for 2015 are expected to increase to $8 million as the Company is planning to complete a 30,000 metre drilling program at Lower Detour.

Detour Gold Reports Assay Results from its 2015 Winter Drilling Program in the Lower Detour Lake Area

Detour Gold Corporation reported assay results from its 2015 winter drilling program in the Lower Detour Lake area, located approximately six kilometres south of the Detour Lake gold mine. Results from the eight holes totaling 5,700 metres have confirmed the continuity of the high-grade gold intercepts encountered in last year's winter drilling program. All eight holes intersected the mineralized zone at 150 to 200 metres below last year's drill holes with six of eight holes returning significant gold mineralization. To date, the east-west sub-vertical 58N mineralized zone has now been tested over a strike length of 450 metres with 36 holes totaling 16,465 metres. The higher grade gold mineralization has now been traced for approximately 250 metres along strike and from surface to a depth of approximately 550 metres. The system remains open at depth and down plunge to the east. The gold mineralization is mainly found within the southern portion of a strongly sheared and altered feldspar porphyry intrusive containing quartz and/or quartz-tourmaline veins with up to 5% pyrite and multiple occurrences of visible gold. With these encouraging results, the Company plans to complete a $5 million drilling program of approximately 50 drill holes totaling 30,000 metres this summer with three drill rigs. This infill program on a 50 metre spacing is expected to be sufficient to assess the underground potential of zone 58N. Drilling to date highlights the potential for high-grade gold mineralization of the Lower Detour Deformation Zone, which extends for over 30 kilometres on the Detour Lake property. Detour Gold also completed 14,000 kilometres of high resolution airborne magnetics and over 50 kilometres of ground Induced Polarization (IP) surveys, which will further assist in delineating future targets on its 630 square kilometre property.

Detour Gold Corporation to Report Q1, 2015 Results on Apr 28, 2015

Detour Gold Corporation announced that they will report Q1, 2015 results After-Market on Apr 28, 2015

 

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Industry Analysis

DRGDF

Industry Average

Valuation DRGDF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.3x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.4x
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