Energy & Mining International - Fall 2015 - 74


E
M
I

DETOUR GOLD

FALL 2015
CANADA

Digging Deeper
Canada's Detour Gold is testing new, promising
deposits in an effort to increase gold production.

Detour Gold is investigating potential deposits around.

In its first full year of commercial
production, the mine at Detour Lake
in northeastern Canada produced
456,634 ounces of gold. With the
startup phase over, the mine's owner,
Detour Gold, is focused on reaching
full production and finding new gold
deposits in the area.
Detour Gold formed in 2006 after
acquiring 100 percent control of the
Detour Lake goldmine in northeastern
Ontario from Pelangio Mines. A 2010
feasibility study completed by BBA Inc.
showed the open pit mine should produce approximately 649,000 ounces of
gold annually during the anticipated
16-year life of the mine.
Production began in September 2013
and activity has been ramping up every
month since. After topping 450,000
ounces in 2014, Detour Gold expects to
produce between 475,000 and 525,000
ounces of gold in 2015, according to the
company's 2014 end-of-year report.
Detour Gold uses a gravity process followed by leaching to recover 91 percent
of the gold dug out of the ground.
Through the first half of 2015, it
appears Detour Gold will hit those production targets, though the company
saw some challenges early in the year.
Issues with conveyors and ore movement were compounded by the frigid
PROFILE

Detour Gold
www.detourgold.com | Revenue: $536 million |
HQ: Toronto | Specialty: Gold exploration and
development

74 emi-magazine.com

the Detour Lake goldmine in northeastern Canada..

*

Toronto

"The opportunity to
identify and define
a high-grade gold
target is extremely
valuable to us."
// PAUL MARTIN, PRESIDENT and CEO


http://www.emi-magazine.com

Table of Contents for the Digital Edition of Energy & Mining International - Fall 2015

Contents
Energy & Mining International - Fall 2015 - Cover1
Energy & Mining International - Fall 2015 - Cover2
Energy & Mining International - Fall 2015 - 1
Energy & Mining International - Fall 2015 - 2
Energy & Mining International - Fall 2015 - Contents
Energy & Mining International - Fall 2015 - 4
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Energy & Mining International - Fall 2015 - Cover3
Energy & Mining International - Fall 2015 - Cover4
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