Forward-Looking Information
This website contains certain forward-looking information as defined in applicable securities laws (referred to herein as “forward-looking statements”). Specifically, this website contains forward-looking statements regarding the Company’s intent to advance the Detour Lake gold project towards the operation stage, including the Company’s strategies and objectives with respect to the Detour Lake property; the Company’s planned drilling program and the continuation of exploration programs on the Detour Lake property; the Company’s estimate of the quantity and quality of its mineral reserves and resources; the results and projections in the feasibility study (Technical Report dated June 30, 2010), January 2011 mineral reserve and resource update (Technical Report dated March 15, 2011) and the January 2012 mineral reserve and resource update (press release dated January 25, 2012), including reserve and resource estimates, ore grade, the expected mine life, anticipated gold production, gold recovery, the development schedule, cash operating costs and other costs, the projected internal rate of return, capital costs, sensitivity to metal prices and other sensitivities, the projected payback period, the availability of capital for development and the financial analysis; the estimated construction and start-up costs of the Detour Lake gold project, and the sufficiency of funds available to the Company to finance the project through to production; the potential expansion of the processing plant; the acquisition of additional mineral properties by the Company; the long term demand for and supply of gold; prices and price volatility for gold; the ability of the Company to obtain all government approvals, permits and third party consents in connection with the Company’s development activities; the Company’s estimates of any reclamation obligations; the Company’s future exploration, capital and operating costs, including the costs and potential impact of complying with existing and proposed environmental laws and regulations; and general business and economic conditions.
Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company’s ability to predict or control. These risks, uncertainties and other factors include, but are not limited to, gold price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and 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 “Risk Factors” in Detour Gold’s February 7, 2012 short form prospectus and in the continuous disclosure documents filed by Detour Gold on and available on SEDAR at www.sedar.com. Investors are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained on this website. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about the following: operating and capital costs; the Company’s ability to attract and retain skilled staff; the estimated timeline for the development of the Detour Lake gold project; the supply and demand for, and the level and volatility of the price of, gold; timing of the receipt of regulatory and governmental approvals for development projects and other operations; the supply and availability of consumables and services; energy and fuel costs; the accuracy of the Company’s reserve and resource estimates and the geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources) and operational and price assumptions on which the reserve and resource estimates are based; market competition; the Company’s ongoing relations with its employees and impacted communities; and general business and economic conditions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s 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. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward looking statements. The forward- looking statements contained in this website are made as of the date or dates specified in such statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.