ONTARIO - Detour Gold Corp. of Toronto and Wahgoshig First Nation (WFN) have signed an impact benefit agreement with respect to the development and operation of the company's Detour Lake gold mine about 180 km northeast of Cochrane. Both signatories recognize the other's rights and interests in the area near the mine.
The IBA also provides the WFN community with opportunities to participate in the economic development of the Detour Lake project. It addresses how WFN will benefit from community training initiatives and employment and business opportunities, and includes provisions for financial compensation.
Detour Gold is preparing an open pit and a gravity-cyanidation-CIP facility with an initial capacity of 55,000 t/d of ore. Annual gold production will average 649,000 oz at a cash operating cost of US$437/oz.
The company's website at www.DetourGold.com has all the details from the recent feasibility study.
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