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Detour Gold's Q4'19 output climbs, sales drop YOY


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Detour Gold's Q4'19 output climbs, sales drop YOY

Detour Gold Corp.'s gold production in the fourth quarter of 2019 from its Detour Lake mine in Ontario climbed to 159,109 ounces, from 158,200 ounces produced a year ago.

Sales in the three months, meanwhile, dropped to 155,356 ounces, from 172,935 ounces in the fourth quarter of 2018.

Full-year output fell to 601,566 ounces from 621,128 ounces, but was at the top end of the year's guidance of 590,000 to 605,000 ounces.

Sales in the year slid to 604,699 ounces from 610,672 ounces.

Kirkland Lake Gold Ltd. recently entered a definitive agreement to acquire Detour Gold in an all-share deal valued at C$4.9 billion.