Detour Gold to enhance board, outlines 'next steps' in building value

Fresh from a week of public disagreements with hedge fund Paulson & Co, Ontario miner Detour Gold on Friday issued a statement detailing the “next steps” in building value for its shareholders, addressing issues around potential offers, an update on the CEO search and enhancements to the board. The company, which is under pressure from Paulson to overhaul its board and put up the business for sale, said that it would replace two existing members with new appointments who have operational expertise in large-scale openpit mining and with experience in corporate social responsibility, including First National engagement.