Detour Gold Reports 2014 Net Loss of $149.5 Million

Detour Gold Corp. (TSX:DGC) announced its financial results for Q4 2014 as well as the year as a whole, noting that for Q4 it recorded a net loss of $58.7 million, or $0.37 per share. For the full year its net loss came to $149.5 million, or $0.97 per share.

Other highlights include:

2014 Highlights

• Gold production of 456,634 ounces
• Revenues of $535.8 million
• Operating cash flow before changes in working capital of $128.7 million
• Total cash costs of $928 per gold ounce sold
• Cash and short-term investments balance of $135.3 million at December 31, 2014

Q4 2014 Highlights

• Gold production of 116,770 ounces
• Revenues of $150.6 million
• Total cash costs of $874 per gold ounce sold

Click here to read the full Detour Gold Corp. (TSX:DGC) press release.