|Bid||23.03 x 0|
|Ask||23.08 x 0|
|Day's Range||22.41 - 23.16|
|52 Week Range||9.55 - 25.45|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||452.55|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Detour Gold Corporation reports its operational and financial results for the third quarter of 2019. All amounts are in U.S. dollars unless otherwise indicated.
Detour Gold Corporation plans to release its third quarter 2019 operating and financial results after market close on Thursday, November 14, 2019, followed by a conference call and webcast the following morning.
The new Credit Facility replaces the Company's previous US$500 million senior secured credit facility, which was comprised of a US$200 million term loan (maturing July 14, 2020 ) and a US$300 million revolving credit facility (maturing July 14 , 2022). The new Credit Facility has a four-year term, maturing September 25, 2023 . The new Credit Facility includes two financial covenants: (i) a "Net Debt to EBITDA" (or "Leverage Ratio") covenant of 3.5x (unchanged as compared to the previous facility) and (ii) an "Interest Coverage" covenant of 3.0x (reduced from 3.5x under the previous facility). The interest rate for drawn borrowings ranges from Libor + 2.00% to 3.125% (reduced from Libor + 2.215% to 3.125% under the previous facility), depending on the Leverage Ratio.
Mr. Bourchier entered into an agreement with the Company in March 2019 whereby the Company offered certain incentives for him to remain in his position as COO until June 30, 2019 . Among other things, the Company offered Mr. Bourchier the option to resign for "Good Reason", and to receive the immediate payment of all monies owning to him under his employment contract as a result of such resignation, provided that he remains with the Company until at least June 30 th. Mr. Bourchier has now elected to exercise that option and has tendered his resignation, effective June 30 th. Ms. Gaborit also entered into an agreement with the Company in April 2019 that extended her option to resign following the deemed "Change of Control" of the Company in December 2018 , and to receive the immediate payment of all monies owing to her under her employment contract as a result of such resignation. Ms. Gaborit has elected to exercise that option and has tendered her resignation, effective June 30th .
TORONTO , June 17, 2019 /CNW/ - Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company") announces the appointment of Patrice Merrin as Chair of the Board, effective immediately. Ms. Merrin is a corporate director with a wealth of experience in the resource sector.
TORONTO , Jan. 22, 2019 /CNW/ - Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company") provides guidance for 2019. The Company will host a conference call on Wednesday, January 23, 2019 at 11:00 AM ET . Refer to the end of this news release for an explanation and discussion of the non-IFRS measures total cash costs and all-in sustaining costs ("AISC").
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Paulson & Co. Inc. (“Paulson”), one of the largest, long-term shareholders in Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company”) today announced its appreciation to fellow shareholders for voting to bring positive change to Detour Gold and its support for the Company’s newly constituted Board of Directors. At a Special Meeting of Detour Gold Shareholders held earlier today, the Company’s shareholders voted to remove Lisa Colnett, Edward Dowling, Michael Kenyon, Alex Morrison and Jonathan Rubenstein and to add Paulson director nominees Steve Feldman, Chris Robison, Ron Simkus, Dawn Whittaker and Bill Williams.
Detour Gold Provides Important Voting Results Update to Shareholders and Extends Voting Deadline to Ensure All Voices Heard
TORONTO , Dec. 5, 2018 /CNW/ - Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company") recognizes the report issued yesterday by Glass, Lewis & Co. ("Glass Lewis") regarding the Company's Special Meeting of Shareholders to be held on December 11, 2018 .