Detour Reports 2015 Gold Output of 505,558 Ounces

Detour Gold Corp. (TSX:DGC) released its financial results for Q4 2015, as well as the full 2015 year. For 2015, the company incurred a net loss of $163.6 million, or $0.97 per share, and an adjusted net loss of $42.1 million, or $0.25 per share.
Other 2015 highlights are as follows:

• Record full-year gold production of 505,558 ounces
• Revenues of $563.0 million
• Earnings from mine operations of $12.7 million
• All-in sustaining costs of $1,056 per ounce sold, including total cash costs of $775 per ounce sold
• Year-end cash and short-term investments balance of $160.6 million

Q4 highlights include:

• Record quarterly gold production of 146,417 ounces
• Revenues of $145.7 million
• Earnings from mine operations of $9.1 million
• All-in sustaining costs of $858 per ounce sold, including total cash costs of $694 per ounce sold
• Net loss of $40.8 million ($0.24 per share) and adjusted net loss of $4.4 million ($0.03 per share)

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