Detour Gold Corp DRGDF

RE:RE:RE:RE:day or reckoning next wednesday

[ryang999]

uncertainty, hanging in the air. 

mrmarket1 wrote:

Late last month-APRIL-2018, Detour spooked investors by cutting its gold production forecast for the year, increasing its costs estimates and slashing its free cash flow projections.

In a preliminary “life of mine” plan, Detour also predicted materially higher costs for the expansion of the Detour Lake mine compared with earlier estimates.

In addition, the company has been encountering problems securing necessary mine permits on a timely basis at Detour Lake which will cause production delays. Detour said a local aboriginal group has not yet voiced its support following the filing of an environmental report in 2017.