Detour Gold is pleased with the results of its operational and financial results for the third quarter of 2014 released on Nov. 3.
Among the quarterly highlights were that gold production reached 115,344 ounces.
Mill throughput rates averaged above design capacity of 55,000 tonnes per day for 44 consecutive days from August 18 to September 30. Revenues of $135.9 million on gold sales of 106,334 ounces with total cash costs of $941 per gold ounce sold.
"Overall, our third quarter operational results were in line with our forecast with gold production standing at 339,864 ounces for the first nine months of the year,” said president-CEO Paul Martin in a Nov. 3 release. “Based on the current ramp-up progress, we remain on track to be within our production and total cash costs guidance for 2014.
"We are extremely satisfied with the recent performance of the plant and remain confident in further improving mill availability during the fourth quarter. Our focus is now on the mine operations to further increase mining rates."
The Detour Lake mine is located 185 kilometres northeast from the town of Cochrane in northeastern Ontario.
