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Updated Detour Lake mine plan issued, board reaffirms confidence in management

By:  
Creamer Media Senior Deputy Editor Online
 
GOLD
The board of Canadian miner Detour Gold has committed to improve the operational performance of the Detour Lake mine, in Ontario, and on Wednesday issued an updated life-of-mine (LoM) plan for its flagship operation. Chairperson Alex Morrison expressed his confidence in the company’s team, led by interim CEO Michael Kenyon and new COO Frazer Bourchier, but refrained from addressing the issue of a strategic review, which a group of shareholders, including hedge-fund billionaire John Paulson, is pushing for.
 
 
 
 
 

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