detour-lake-mine-recent-development

Recent Developments

Recent Developments (at April 27, 2017)
Q1 2017

Detour Gold reported first quarter 2017 results on April 27, 2017.

View the related press releases:
Q1 2017 Guidance

 

 

2017 First Quarter Highlights

  • Gold production totaled 131,418 ounces, in line with projections for the first quarter.
  • Mill throughput in the first quarter was 5.2 million tonnes (Mt), inclusive of a planned shutdown in January to replace SAG and ball mill liners on both lines.  Head grade for the quarter was 0.88 grams per tonne (g/t) and mill recoveries averaged 89%, both in line with budget.
  • A total of 21.8 Mt (ore and waste) was mined in the first quarter (equivalent to mining rates of 242,000 tpd).  The Company's new CAT6060 shovel was commissioned in late March.  Mining around the Campbell pit area is on track.

Detour Lake Mine Operation Statistics:

 

Note: Totals may not add due to rounding.

  • Total cash costs1 were $788 per ounce sold in the first quarter, in line with plan.  Costs included a scheduled plant shutdown and were impacted by higher consumption rates of certain consumables (mill reagents), higher price for diesel fuel, partially offset by a stronger U.S. dollar than plan.
  • AISC1 were $1,118 per ounce sold in the first quarter, reflecting sustaining capital expenditures of $35.4 million and deferred stripping costs of $3.4 million.
  • Sustaining expenditures included $28.7 million for mining (mainly relating to mining equipment, including the new CAT6060 shovel, and significant components to the mobile fleet), $3.9 million for the construction of the tailings facility, $1.5 million for the processing, and $1.3 million for site infrastructure, G&A and other.

1This is a non-IFRS Performance measure. Refer to the MD&A corresponding financial reporting period for reconciliation or explanation.

Technical Information
The scientific and technical content of this section has been reviewed, verified and approved by Drew Anwyll, P.Eng., Senior Vice President Technical Services, a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.

NI 43-101 Disclosure:
On March 22, 2017, Detour Gold announced an updated life of mine for the Detour Lake operation. The NI 43-101 compliant Technical Report for this update was filed on SEDAR on March 22, 2017. The report was prepared by the Detour Gold Technical Services Department, led by Drew Anwyll, Senior Vice President Technical Services, a Qualified Person under National Instrument 43-101.

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