Canada's Detour Gold expects lower cash cost in 2014

Mon, 27 Jan - 11:50pm

Jan 27 (Reuters) - Canadian miner Detour Gold Corp forecast lower cash cost per ounce of gold sold this year.

The company estimated total cash cost of $800 to $900 per ounce for 2014. Detour reported in November cash costs of $1,214 per gold ounce for the third quarter.

The company also said it expects to double production at its flagship low-grade Detour Lake mine in northeastern Ontario in 2014.

(Reporting by Ashutosh Pandey in Bangalore; Editing by Don Sebastian)

((ashutosh.pandey@thomsonreuters.com)(within U.S.+1 646 223 8780, outside U.S. +91 80 6749 6100)(Reuters Messaging: ashutosh.pandey.reuters.com@reuters.net))

Keywords: DETOURGOLD FORECAST/

URN: 
urn:newsml:reuters.com:20140127:nL3N0L13YA:2
Topics: 
STAT RES MET CMPNY CA COM PREC MINE METL BLR LEN RTRS PREMTL BACT MIN GDM RESF BMAT GOL MTAL AMERS

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