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Detour Gold Announces Amendments To Credit Facility
Detour Gold Q2 Earnings Per Share $0.09
Detour Gold Announces Management Changes
Detour Gold Corporation is a Canada-based intermediate gold producing company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its primary asset is its Detour Lake mine, which is an open pit operation located in northeastern Ontario, approximately 300 kilometers northeast of Timmins and over 180 kilometers by road northeast of Cochrane. Its Detour Lake property consists of a contiguous block of mining claims and leases totaling approximately 620 square kilometers in the District of Cochrane. The Company's projects also include Detour Lake Exploration Block A and Detour Lake Exploration Regional. The Block A near-surface deposit is located approximately one kilometer northwest of the mine and contains a measured and indicated resource of approximately two million ounces, and has completed over 160,000 meters of drilling. The Company controls approximately 630 square kilometers of the Detour Lake Exploration Regional.
Gold & Silver
199 Bay Street Suite 4100
Stn Commerce Court
PO Box 121
Independent Chairman of the Board
Michael James McMullen
President, Chief Executive Officer, Director
Frazer W. Bourchier
Chief Operating Officer
Vice President - Mine General Manager
Vice President of Human Resources
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Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim chief executive officer, replacing Michael Kenyon.
Billionaire hedge fund manager John Paulson's success in ousting the bulk of Detour Gold Corp's board could serve as a "template" for an expected increase in shareholder activism in the gold sector, institutional investors said on Thursday.
Detour Gold Corp's shareholders on Thursday voted to remove five of its nine board members, including Chief Executive Officer Michael Kenyon and Chairman Alex Morrison, the Globe & Mail reported https://tgam.ca/2EhLj7f.
Detour Gold said on Monday it extended the voting deadline by two days after some shareholders with substantial holding voted to replace the entire board.
Independent proxy adviser Glass Lewis and hedge fund Livermore Partners on Wednesday joined activist investor Paulson & Co's call to make changes to the board of Canadian miner Detour Gold Corp.
Proxy adviser Glass Lewis on Wednesday recommended replacing Detour Gold Chairman Alex Morrison and two other board members with nominees from activist investor Paulson & Co.
Institutional Shareholder Services Inc (ISS) has advised shareholders to vote for Detour Gold Corp's refreshed board of directors at an upcoming special shareholders' meeting, stopping short of more aggressive changes demanded by activist investor Paulson & Co, the company...
Institutional Shareholder Services Inc (ISS) has recommended shareholders to vote in favor of Detour Gold Corp's plans at the upcoming special shareholders meeting, giving the gold miner a boost in its proxy fight with activist investor Paulson & Co.
Detour Gold Corp said on Thursday Chief Executive Officer Michael Kenyon will head the company until it finds a permanent replacement, pushing back against hedge fund Paulson & Co's demand to immediately replace him.
Hedge fund Paulson & Co on Thursday called for the immediate resignation of Detour Gold Corp's interim Chief Executive Officer Michael Kenyon and board member Alex Morrison, adding it does not favor a fire sale of the gold miner.
Detour Gold Corp said on Thursday it agreed to name two of investor Paulson & Co's nominees to its board as it looks to end a proxy fight with the hedge fund that had called for a complete overhaul of the board.
U.S. hedge fund Livermore Partners has called for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.
U.S. hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.
Hedge fund Paulson & Co has rejected proposals from Canadian miner Detour Gold Corp which would have removed its interim chief executive officer in aid of settling a proxy dispute over the company's future, Detour said on Friday.
Canadian gold miner Detour Gold Corp said on Friday that its settlement offer regarding management changes, which included a plan to appoint a new chief executive officer, was rejected by hedge fund Paulson & Co.
Activist investor John Paulson's hedge fund on Thursday nominated eight members to Detour Gold Corp's board and reiterated its call for a special shareholder meeting, ratcheting up pressure on the gold miner.
Activist investor John Paulson's hedge fund on Thursday said it would urge Detour Gold Corp to call a special shareholder meeting to replace a majority of the company's directors, as it pushes for change at the Canadian gold miner.
Activist investor John Paulson's hedge fund on Thursday urged Detour Gold Corp to call a special shareholder meeting to replace a majority of the company's directors, as it pushes for change at the Canadian gold miner.
Canadian miner Detour Gold and activist investor Paulson & Co entered into an increasingly heated public exchange on Wednesday over the hedge fund's campaign to seek change at the company and a possible merger approach.
* The Toronto Stock Exchange's S&P/TSX composite index rose 11.05 points, or 0.07 percent, to 15,618.93
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