ONTARIO – Toronto-based Detour Gold Corp. produced 232,287 oz of gold in 2013, its first year of operation. A grinding mill problem in December cut into production, and output did not quite reach the 2013 guidance of 240,000 oz.
Approximately 12.24 million tonnes of ore was mined from the open pit; 11.18 tonnes of that averaging 0.75 g/t Au was milled to produce 232,287 oz of gold last year. At the end of December, run-of-mine ore stockpiles stood at 2.41 million tonnes grading 0.82 g/t Au.
Commenting on the 2013 performance, interim CEO, Paul Martin, said, “Although 2013 was a challenging year operationally for Detour Gold, we succeeded in making steady progress during the ramp up of the Detour Lake mine. In the fourth quarter, throughput and mining rates progressively increased towards our projected rates for year-end. The significant shutdown in December impacted our progress but I am pleased to report that we are now back on track with milling rates having returned to pre-shutdown levels. For 2014, we look forward to delivering steady production growth and reducing unit costs.”
Stay abreast of the news at DetourGold.com as 2014 operational and financial guidance is due at the end of this month. Expect the revised mine plan and year end reserve-resource estimates early in February.