Detour Gold Corporation reported earnings results for the second quarter and six months ended June 30, 2018 and production results for the second quarter ended June 30, 2018. For the quarter, the company reported net earnings of $8.8 million or $0.05 per share compared to $24.4 million or $0.14 per share a year ago. Adjusted net earnings were $21.3 million or $0.12 per basic share compared to $16.2 million or $0.09 per basic share a year ago. Metal sales were $191.8 million compared to $180.1 million a year ago. Adjusted earnings before taxes was $33.5 million compared to $26.2 million a year ago. Revenues from gold sales were $191.6 million compared to $179.7 million a year ago. Earnings before taxes was $30.4 million compared to $23.1 million a year ago.

For the six months, the company reported adjusted net earnings were $49.5 million or $0.28 per basic share compared to $21.2 million or $0.12 per basic share a year ago. Metal sales were $393.2 million compared to $343.8 million a year ago. Adjusted earnings before taxes was $76.2 million compared to $36.7 million a year ago. Revenues from gold sales were $392.5 million compared to $343.0 million a year ago. Earnings before taxes was $69.0 million compared to $26.9 million a year ago. Net Debt as at June 30, 2018 was $99.7 million.

For the quarter, the company's gold production was 154,385 ounces compared to 150,138 ounces a year ago. Ore milled was 5.1 Mt compared to 5.5 Mt a year ago. Ore mined was 4.9 Mt compared to 4.9 Mt a year ago. Waste mined was 21.4 Mt compared to 20.4 Mt a year ago.

For the year, the company expected Gold production of 595,000 oz to 635,000 oz. The expects AISC of $1,200 to $1,280 per ounce sold.

Projected capital expenditures for 2018 remain as previously disclosed at approximately $265 to $285 million. This includes added essential capital expenditures of $16 million and increased deferred stripping costs to $60 million from $21 million.