GOLD: Detour Gold provides 2014 guidance, secures power

ONTARIO – Toronto-based Detour Gold is heading into its second year of operation at the Detour Lake open pit mine, mill and refinery 185 km northeast of Cochrane. With that in mind, for 2014 Detour expects to produce between 450,000 and 500,000 oz of gold at an estimated total cash cost of US$800 to US$900 per ounce of gold sold.

Detour said it has been accepted into the Industrial Electricity Incentive Program for a six-year fixed rate electricity contract at C$0.05/kWh. Power costs are expected to be $20 million less this year than last.

Going forward in 2014, Detour aims to process 19.0 million tonnes of ore at an average grade of 0.87 g/t Au with gold recovery at 92%. The second half of the year will see the Detour Lake project reach design capacity of 55,000 t/d in Q4.

More information about Detour Lake is available at DetourGold.com.