Detour Gold Corporation

Detour Gold's flagship Detour Lake open-pit gold mine in northeastern Ontario. Credit: Detour Gold

Analysts give thumbs up to Detour’s new mine plan

A revised life-of-mine (LOM) plan that incorporates an additional mine face, enhances flexibility and further de-risks Detour Gold’s (TSX: DGC) Detour Lake gold mine in northeastern Ontario has elicited a round of applause from analysts…

TSX posts gains, Jan. 25-29

An interest rate cut by Japan’s central bank, the U.S. Federal Reserve’s decision to leave rates alone and rising oil prices — West Texas Intermediate crude finished at US$33.70 per barrel — lifted global markets. There…

Loading a truck at Endeavour Mining's 55%-owned Ity gold mine in southern Cte d'Ivoire, 480 km northwest of Abidjan. Credit: Endeavour Mining

Endeavour, Detour exit 2015 on a high note

Endeavour Mining (TSX: EDV; US-OTC: EDVMF) and Detour Gold (TSX: DGC; US-OTC: DRGDF) — two of the gold sector’s top share-price performers last year — reported strong fourth-quarter and full-year production results in 2015…

Claude Resources' flagship  Seabee gold operation, located in northeastern Saskatchewan. Credit: Claude Resources

Top gold performers in 2015

Since the commodities downturn started four years ago, gold companies have sought ways to reduce costs and push ahead. The spot gold price ended 2015 at US$1,061 per oz., down 10% for the year and 36% since closing 2012 at US$1,664 per oz….

Coeur Mining bought the Wharf gold mine (shown) in South Dakota from Goldcorp in early 2015 for US$105 million. Credit: Coeur Mining

A sobering look at gold M&A since 2010

Raymond James analyst Phil Russo has reviewed 67 mergers and acquisitions (M&A) in the gold space since 2010 to determine how many are viable producing, developing and streaming deals. He has found that 40% of transactions would not recoup…

TSX climbs higher, Oct. 19-22

The Toronto stock market ended higher as investors took in prime minister-designate Justin Trudeau’s majority win in the federal election. Canada’s new prime minister promises to invest heavily in infrastructure, among other areas,…

Workers inside the mill at Detour Gold's Detour Lake gold mine in Ontario, 300 km northeast of Timmins. Credit: Detour Gold

Detour Gold surmounting weak gold prices, CEO says

VANCOUVER — Detour Gold (TSX: DGC; US-OTC: DRGDF) is picking up momentum at its Detour Lake gold mine, 300 km northeast of Timmins, as the company anticipates first-ever positive cash flows since the operation reached commercial…

Mills spinning at Kirkland Lake Gold's Macassa gold mine in Ontario. Source: Kirkland Lake Gold

Gold stocks that soared in 2015’s H1

Several gold producers have registered strong share price gains during the first half of 2015, despite price pressure on the yellow metal. The spot gold price dipped 0.7% from last year’s close to end June 30 at US$1,174 per oz. It has…

TSX slumps, June 8-12

Renewed concerns over a potential Greek debt default and its effect on the euro pushed down Canada’s benchmark index. The S&P/TSX Composite Index fell 1.4% to 14,741.15. The S&P/TSX Global Gold Index dropped 3.2% to end at 154.27…

TSX slides, June 1-5

Canada’s benchmark stock index fell below 15,000 for the first time since mid-May, driven lower by concerns about how the Greek debt crisis will affect the eurozone, and strong jobs data in the U.S. that has caused many to believe the Fed…

A haul truck at Detour Gold's Detour Lake gold mine in Ontario, 185 km northeast of Cochrane.  Photo by Trish Saywell.

Detour gains 7% after achieving 2014 guidance

Detour Gold (TSX: DGC; US-OTC: DRGDF) has started the year off on the right foot. It shares rose 7% after it reported hitting its 2014 operating targets and provided a conservative guidance for 2015.

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