Detour Gold Corp DRGDF

Got a call from IR on Friday

[papineau1951]

Spoke to Laurie Gaborit who is a trained geologist so she seemed to know what she was talking about.  
Highlights from the call that I can remember.

1. Paulson and Co.  still own their shares and were supportive of Gerald Panneton so they didn't push him out.

2.  They still have unsold gold.  Check the Q3 report for the difference between gold produced and sold.

3.  All in costs incl sustaining costs eg equipment etc about $1300./oz. They plan on reducing that by renegotiating energy costs and equipment leases

4.  Plan to start mining some of the higher grade sections of the deposit but they will combine that with production from the lower grades.

5.  Costs were lower when the mine was planned and therefore profitable at lower gold prices.

6.  Everyone at Detour will be "busting their butts" to make the mine profitable as many employees have shares at much higher prices than they are today.

7.  No plans to sell the mine.

8.  No plan to issue more equity at the present time.

9.  New mine plan out in Jan.

10.  Tax loss selling for mutual funds is usually done by Dec so the remainder will be the retail sellers.

Regards

Papineau