GREY:DRGDF - Post by User
Comment by
Weebleon Jul 21, 2017 6:51pm
187 Views
Post# 26497024
RE:Gold up bigtime this week, DGC at the 52 weeklow
RE:Gold up bigtime this week, DGC at the 52 weeklowMost gold stocks haven't done much the last few days. If anyone waits for gold to go to $1300 before buying DGC, they may have to pay a lot more for it.
The next quarter should be better. There was a shutdown in January and there is a new shovel and 4 new trucks operating now. This should really help out. I am surprised that the new debt facility didn't help out the stock price more. Maybe the higher CDN dollar is hurting them a bit.....we shall see.
- Detour Gold's guidance for 2017 is between 550,000 and 600,000 ounces of gold at total cash costs of $690 to $750 per ounce sold. All-in sustaining costs are expected to be between $1,025 and $1,125 per ounce sold.
- Mining rates are expected to commence trending higher starting in the second quarter with the addition of a CAT6060 shovel and four haul trucks, bringing the available fleet to six shovels and 32 trucks and supported by the addition of a ROM fleet.
- Both head grade and gold recovery are expected to improve during the second half of the year. The installation of a lead nitrate and oxygen control system to assist with improving recoveries is expected to be completed in the second quarter and commissioned in the third quarter.
- Read more at https://www.stockhouse.com/news/press-releases/2017/04/27/detour-gold-reports-first-quarter-2017-results#6ql6ls7I85lFXzIT.99