Detour Gold Reports Record Q3 Gold Output of 128,222 Ounces

Detour Gold Corp. (TSX:DGC) released its operational and financial results for the third quarter of 2015, commenting that it achieved record gold production of 128,222 ounces.
Other highlights include:

• Mill throughput and mining rates averaged 56,015 tpd and 255,000 tpd, respectively
• Total cash costs of $766 per ounce sold⁽¹⁾ and all-in sustaining costs of $1,071 per ounce sold⁽¹⁾
• Revenues of $142.4 million on gold sales of 126,241 ounces at an average realized price of $1,164 per ounce⁽¹⁾
• Net loss of $44.3 million ($0.26 per share) and adjusted net loss of $13.3 million ($0.08 per share)⁽¹⁾
• Cash and short-term investments balance of $133.5 million at September 30, 2015
• Positve results from first half of the 30,000 metre drilling program at Lower Detour

Paul Martin, president and CEO of Detour, commented:

We are pleased with the third quarter performance of the operation as we successfully brought forward some of the fourth quarter production and continued to operate at above design capacity despite some unplanned shutdowns during the quarter. We are targeting the mid-point of our production guidance for the year as we expect to process higher grades in the last quarter and commence growing our cash balances.

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