GOLD: Detour Lake reaches commercial production

ONTARIO – Detour Gold Corp. of Toronto said that its Detour Lake mine reached commercial production on Aug. 12, 2013. The project 185 km northeast of Cochrane averaged 41,428 t/d through the mill for the 60 previous days.

During the 60-day period, the mill treated a total of 2.49 million tonnes of ore, including 17 days when throughput was more than 50,000 t/d. Mill availability was 80% early in August, but it jumped to 95% for the final four days of the period. Nameplate capacity is 55,000 t/d.

The company says that its total cash costs going forward will be approximately US$1,100 per oz. Production during 2013 is anticipated to be 270,000 oz of gold.

The Detour Lake open pit mine and mill cost roughly C$1.5 billion to explore and develop. It is expected to average 657,000 oz/y of gold over the next 21.5 years.

An impressive photo gallery, videos and the most recent corporate presentation are available at DetourGold.com.