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Detour Gold Corporation (T:DGC)

Business Focus: Gold Mining

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Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 199 Bay Street Suite 4100
Stn Commerce Court
PO Box 121
Tel: 1-416-3040581
IR: See website
Key People
Dawn Whittaker
Chairman of the Board
Charles Hennessey
Mine General Manager
Michael James McMullen
Chief Executive Officer, Director
Frazer W. Bourchier
Chief Operating Officer
Drew Anwyll
Senior Vice President - Technical Services
Derek Teevan
Senior Vice President - Corporate and Aboriginal Affairs
Dale Ekmark
Vice President - Mine, General Manager
Laurie Gaborit
Vice President - Investor Relations
Ruben Wallin
Vice President - Environment and Sustainability
Julie Galloway
General Counsel, Corporate Secretary
Business Overview
Detour Gold Corporation is a Canada-based intermediate gold producing company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its primary asset is its Detour Lake mine, which is an open pit operation located in northeastern Ontario, approximately 300 kilometers northeast of Timmins and over 180 kilometers by road northeast of Cochrane. Its Detour Lake property consists of a contiguous block of mining claims and leases totaling approximately 620 square kilometers in the District of Cochrane. The Company's projects also include Detour Lake Exploration Block A and Detour Lake Exploration Regional. The Block A near-surface deposit is located approximately one kilometer northwest of the mine and contains a measured and indicated resource of approximately two million ounces, and has completed over 160,000 meters of drilling. The Company controls approximately 630 square kilometers of the Detour Lake Exploration Regional.
Financial Overview
For the six months ended 30 June 2019, Detour Gold Corporation revenues increased 4% to $408.1M. Net income increased from $18.7M to $54.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Foreign exchange (gain) loss increase from $3.4M (expense) to $2.2M (income), Interest Income increase of 100% to $1.8M (income).
Employees: 1,001 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $3,860M as of Jun 30, 2019
Annual revenue (TTM): $1,049M as of Jun 30, 2019
EBITDA (TTM): $351.66M as of Jun 30, 2019
Net annual income (TTM): $46.68M as of Jun 30, 2019
Free cash flow (TTM): $140.82M as of Jun 30, 2019
Net Debt Last Fiscal Year: $10.08M as of Jun 30, 2019
Shares outstanding: 176,677,396 as of Aug 12, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization