ONTARIO – After spending $1.5 billion on development costs, Detour Gold Corp. of Toronto poured the first four gold bars from its Detour Lake mine 185 km northeast of Cochrane on Feb. 18, 2013.
"We are very excited about what we have accomplished in six years from completing the acquisition of the property [Jan. 31, 2007] to first gold pour," said company president and CEO Gerald Panneton. "Today is a celebration for all of us that have been involved in this project from its inception. Our first gold pour is a remarkable milestone in Detour Gold's transition from a young exploration company to a gold producer. This achievement has truly been the result of great team work by everyone. We are looking forward to the future as we move closer to becoming Canada's leading intermediate gold producer."
The new open pit mine is on the site of the former Detour Lake mine that produced 1.8 million oz of gold when it was operated by Placer Dome from 1983 to 1999.
An informative photo gallery of the Detour Lake project is posted at DetourGold.com.