Expert Analysis
Morning Coffee (2/12/13) "Detour Gold Corp. announced the start of mining at its Detour Lake mine; the first production line started with low-grade material on Jan. 12, 2013, and was followed by ore-grade material. . .the gold inventory has been increasing in the circuit since start-up; it is expected to reach the level required to allow the first gold pour in mid-February. In parallel, the electrical and instrumentation work on the second production line is progressing well and start-up is expected in March 2013; mining rates continue to increase and are scheduled to reach 150,000 tpd in early 2013."
John Hayes, BMO Capital Markets (2/11/13) "Detour Gold Corp. announced that the ramp-up of the first production line of the processing plant at Detour Lake is advancing with the semi-autogenous grinding mill, pebble crusher and the ball mill all in operation. . .gold inventory (in carbon-in-pulp and electrowinning) has been progressing since start-up and is expected to reach the level required to allow the first gold pour in mid-February. . .overall, the project is achieving start-up more or less on time with no significant issues reported."
Brad Humphrey, Raymond James (2/11/13) "Detour Gold Corp. announced the ramp-up of the first production line of its processing plant facility at Detour Lake. . .the second production line is slated for startup in March 2013. . .the mining operation continues to progress per plan, scheduled to mine at a rate of near 150 Ktpd in early 2013."