Detour Gold Corporation

DGC

CA2506691088

Gold

Delayed Toronto S.E. Other stock markets 21:15:00 03/02/2020 GMT			5-day change	1st Jan Change
23.1 ^CAD	-2.53%		-5.13%	-8.11%

2020	Surging gold prices propel earnings at miners Newmont, Kirkland	RE
2020	Detour Gold Corporation(TSX:DGC) dropped from S&P/TSX Global Mining Index	CI

Detour Gold Corporation Announces Audited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018

March 08, 2018 at 10:42 pm

Detour Gold Corporation announced audited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company produced gold of 150,046 ounces compared to 143,512 ounces for the same period a year ago. Metal sales were USD 200.0 million compared to USD 176.6 million for the same period a year ago.

For the full year, the company produced gold of 571,463 ounces compared to 537,765 ounces for the same period a year ago. Metal sales were USD 707.8 million compared to USD 658.3 million for the same period a year ago.

For the quarter, the company announced earnings from mine operations was USD 50.0 million compared to USD 4.8 million for the same period a year ago. Net earnings was USD 16.7 million or USD 0.10 per share compared to net loss of USD 13.5 million or USD 0.08 per share for the same period a year ago. Adjusted earnings were USD 40.2 million or USD 0.23 per share compared to adjusted loss of USD 6.0 million or USD 0.03 per share for the same period a year ago. Fourth quarter revenues for 2017 were USD 200.0 million on the sale of 156,293 ounces of gold.

For the full year, the company announced earnings from mine operations was USD 161.5 million compared to USD 94.9 million for the same period a year ago. Net earnings was USD 88.2 million or USD 0.50 per share compared to net loss of USD 6.9 million or USD 0.04 per share for the same period a year ago. Adjusted earnings were USD 114.5 million or USD 0.66 per share compared to USD 10.4 million or USD 0.06 per share for the same period a year ago. Capital expenditures totaled USD 174.8 million for the year and included deferred stripping cost of USD 34.4 million. Revenues for the full year 2017 totaled USD 707.8 million on the sale of 561,974 ounces of gold.

For the year 2018 the company expected to be another good year for Detour Gold with strong free cash flow, and estimated USD 115 million at USD 1,300 gold in an FX exchange rate of CAD 1.25 enabling its to further strengthen its already strong balance sheet.

Latest news about Detour Gold Corporation

Surging gold prices propel earnings at miners Newmont, Kirkland	20/02/20	RE
Detour Gold Corporation(TSX:DGC) dropped from S&P/TSX Global Mining Index	04/02/20	CI
Detour Gold Corporation(TSX:DGC) dropped from S&P Global BMI Index	04/02/20	CI
Detour Gold Corporation(TSX:DGC) dropped from S&P/TSX Completion Index	04/02/20	CI
Detour Gold Corporation(TSX:DGC) dropped from S&P/TSX Capped Composite Index	04/02/20	CI
Detour Gold Corporation(TSX:DGC) dropped from S&P/TSX Composite Index	04/02/20	CI
TSX falls as coronavirus fears hit oil prices	31/01/20	RE
Kirkland Lake Gold Ltd. (TSX:KL) completed the acquisition of Detour Gold Corporation.	30/01/20	CI
Detour Gold : Miner Kirkland wins shareholder backing for C$4.4 billion Detour takeover	28/01/20	RE
Detour Gold : Kirkland's C$4.4 billion bid for Detour wins backing from proxy advisory firms	16/01/20	RE
Detour Gold Corporation Reports Unaudited Production and Sales Results for the Detour Lake Mine for the Fourth Quarter and Full Year of 2019	09/01/20	CI
Transcript : Detour Gold Corporation, Kirkland Lake Gold Ltd. - M&A Call	25/11/19
Kirkland Lake Gold Ltd. (TSX:KL) entered into a definitive agreement to acquire Detour Gold Corporation for CAD 4.9 billion.	24/11/19	CI
Transcript : Detour Gold Corporation, Q3 2019 Earnings Call, Nov 15, 2019	15/11/19
Detour Gold Corporation Reports Earnings Results for the Third Quarter Ended September 30, 2019	14/11/19	CI
Detour Gold Corporation Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2019; Revises Production Guidance for the Fiscal Year 2019	14/11/19	CI
CANADA STOCKS - TSX rises 0.67% to 16,594.07	01/11/19	RE
TSX drops on concerns around upcoming China-U.S. trade talks	08/10/19	RE
TSX falls 1.27 percent to 16,447.66	01/10/19	RE
Detour Gold Corporation Executes Third Amendment and Restatement of its Existing Credit Agreement	25/09/19	CI
Transcript : Detour Gold Corporation, Q2 2019 Earnings Call, Jul 31, 2019	31/07/19
Detour Gold Corporation Provides Production Guidance for the Year 2019	31/07/19	CI
Detour Gold Corporation Reports Earnings Results for the Second Quarter Ended June 30, 2019	30/07/19	CI
Detour Gold Corporation Announces Management Changes	24/06/19	CI
Detour Gold Corporation Appoints Patrice Merrin as Chair of the Board	17/06/19	CI

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Company Profile

Detour Gold Corp is a Canada-based company. It is a gold exploration and development company with a experienced management and technical team. The Companies primary activity is development of the companyâs flagship asset: the Detour Lake gold project, located in the mining-friendly territory of northeastern Ontario.

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Gold

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