Deour Gold Case Analysis

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Capital Markets Profile Detour Gold Corporation is a Canadian intermediate gold producer. It has the largest gold reserves among the producing Canadian gold mines with 15 million ounces of gold (459 Mt grading 1.01g/t) using a cut-off grade of 0.5 g/t. With its head office registered in Toronto, Detour Gold is now the second largest gold producing mine in Canada. Its production started in February 2013 and commercial production was declared in September 2013. The company owns and operates the Detour Lake mine, an open pit operation in the northern Ontario, 185 kilometers northeast the town of Cochrane. The mine presents potential to grow, such as the incorporation of a new block (Block A’s mineral resource, located approximately 1 kilometer…show more content…
Fourteen people compose Detour Gold Management Team and all personnel have a large bagged in the mining scenario. The majority of the Management Team of the company has more than 20 years of experience in the market and prior to enter the company they have worked in several big companies, such as Barrick Gold Corporation and New gold Inc. The CEO, Paul Martin, has more than 25 years of experience in the precious metal mining market. Mr. Martin was appointed President and CEO of Detour Gold on February 15, 2014. Prior to joining Detour Gold, Mr. Martin served as the CFO and VP of Finance for New Gold Inc. Prior to that, Mr. Martin held various senior corporate finance positions with a number of publicly listed mining companies. The Chief Finance Oficcer, James Mavor is a finance professional with over 20 years of experience in the mining industry. Mr. Mavor was appointed CFO of Detour Gold on February 15, 2014, following his appointment as interim CFO of Detour Gold on November 23, 2013. Prior to joining Detour Gold as Vice President, Finance in February 2012, he served as the Vice President and Treasurer for Barrick Gold Corporation from 2007 to

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