Detour Gold Updates on Detour Lake Mine, Reconfirms Guidance

Detour Gold Corp. (TSX:DGC) released an operational update on its Detour Lake gold mine, noting that it continues to move toward a steady state of production.

Highlights include:

• Mill throughput rates averaged 59,370 tpd over last three months, exceeding design capacity of 55,000 tpd
• Mining rates averaged 271,000 tpd over last three months, exceeding annual budget rate of 238,000 tpd
• Gold production for the second quarter is expected to be within guidance of 110,000 to 120,000 ounces

2015 guidance is as follows:

Detour Gold reconfirms its 2015 guidance of between 475,000 and 525,000 ounces of gold at total cash costs ofUS$780 to $850 per ounce sold(1) and all-in sustaining costs of US$1,050 to US$1,150 per ounce sold1. The Company will provide a further update for the second half of 2015 with its second quarter results.

Pierre Beaudoin, COO of Detour, commented:

I am proud to report the accomplishments of our entire team towards achieving operational stability; it has been a challenging environment but perseverance and hard work has paid off. We remain on target for achieving our first quarter at the design throughput rate, equivalent to processing 5 million tonnes of ore. At the mine, we continue to see the benefits of our efforts in improving our production drilling rates which have resulted in significantly increased blasted inventory and higher shovel productivities. The progress achieved at the operation in the last three months gives us further confidence that we can now target higher levels at both the mine and mill.

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