|Bid||10.95 x 0|
|Ask||11.00 x 0|
|Day's Range||10.90 - 11.30|
|52 Week Range||9.11 - 15.40|
|PE Ratio (TTM)||25.06|
|Earnings Date||Oct 30, 2017 - Nov 3, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.04|
Paulson & Co. Inc. (“Paulson”), one of the largest, long-term shareholders in Detour Gold Corporation (DGC.TO) (“Detour Gold” or the “Company”), today published an investor presentation for fellow shareholders.
Investors are always looking for growth in small-cap stocks like Detour Gold Corporation (TSE:DGC), with a market cap of CA$1.82b. However, an important fact which most ignore is: how financiallyRead More...
"As part of Detour Gold's ongoing board refreshment and enhancement process, we are very pleased to welcome Alan, Jim, and Judy to the Board and look forward to their contributions as we execute on our 2018 Life of Mine Plan to deliver long-term value to all shareholders," said Alex Morrison , Chairman. Not only is Detour Lake the largest gold mining operation in Canada , it has one of the largest gold reserve endowments in the world, providing tremendous optionality to a rising gold price over at least the next two decades.
Detour Gold Corrects Paulson's False Assertions on Director and Officer Shareholdings - Representative of Continued Impulsive and Inexperienced Behaviour
“Paulson is the only one pushing for a September meeting for reasons that benefit only Paulson,” Detour said by email, noting the meeting had been set well within the standard time frame. “Shareholders have a clear choice between an inexperienced and impulsive Paulson whose very presence is destroying value and an experienced and mature board and management team at Detour Gold who is leaving no stone unturned to review strategic opportunities and execute on the life of mine plan,” the company said. Backed by other shareholders, Paulson sent a letter to Detour’s board in June demanding the miner explore all strategic alternatives, including a possible sale.
Paulson & Co. Inc. (“Paulson”) criticized the decision by the Board of Directors of Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company”) to force shareholders to wait until December 11 before being able to vote on a new independent Board. The latest entrenchment tactic impedes and delays Paulson’s efforts to hold the Board accountable for ongoing substantial value destruction. Many significant shareholders have publicly endorsed replacing directors. “It is inexcusable that the Board delayed the meeting and refused to hold itself accountable to shareholders,” said Marcelo Kim, a Partner at Paulson.
LONDON, UK / ACCESSWIRE / July 27, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Detour Gold, Silvercorp Metals, McEwen Mining, and Torex Gold Resources. Today's stocks of interest consist of: Detour Gold Corporation (TSX: DGC), Silvercorp Metals Inc. (TSX: SVM), McEwen Mining Inc. (TSX: MUX), and Torex Gold Resources Inc. (TSX: TXG).
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. The hedge fund, Paulson & Co, which owns about 5.4 percent of Detour, had threatened to replace the company's board if it did not successfully explore strategic alternatives including a sale and the appointment of a new chief executive officer. "Paulson is not advocating for a fire sale, but rather a comprehensive review of all alternatives, including a sale," the hedge fund said in a statement.
Detour Gold Statement Regarding Activist Requisition; Warns Push for Fire Sale Would Shortchange Shareholders
Paulson & Co. Inc. (“Paulson”), as investment manager of certain investment funds, has requisitioned a special meeting of shareholders to replace the Board of Detour Gold Corporation (DGC.TO) (“Detour Gold” or the “Company”). Shareholders will have the opportunity to take back control of their Company from a self-serving Board. The current Detour Gold directors have presided over a period of massive value destruction with little regard for shareholder interests, while enriching themselves with shareholders’ cash.
TORONTO , July 25, 2018 /CNW/ - Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company") reports an initial independent mineral resource estimate for the Zone 58N gold deposit located six kilometres south of its 100% owned Detour Lake gold mine. The mineral resource estimate is comprised of an Indicated resource of 2.87 million tonnes grading 5.80 g/t for 534,300 ounces of gold and an Inferred resource of 0.97 million tonnes grading 4.35 g/t for 136,100 ounces of gold. Michael Kenyon , Interim CEO, commented: "Detour Gold is in the fortunate position of having a large mineral reserve base of 16.0 million ounces supporting a mine life of 23 years.
Inc. Now his hedge fund is zeroing in on a small Toronto-based gold miner that in April cut its 2018 free cash flow guidance in half. Shares of the company surged Wednesday to their highest level in nearly three months as the sides traded shots, before they pulled back Thursday and Friday. Paulson owns 5.4% of Detour shares and wants the company to formally explore strategic alternatives, including a sale.
TORONTO , July 20, 2018 /CNW/ - Following the release of its updated life of mine plan ("2018 LOM Plan"), Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company") is pleased to announce the next steps in its ongoing plan to grow long-term shareholder value. "As we indicated in our June 27 news release, the Company remains focused on the implementation of the 2018 LOM Plan.
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. Paulson & Co's statement comes a day after the parties engaged in a heated public exchange over Detour's failure in publicly disclosing a buyout offer. Detour did not disclose the buyout offer to Paulson because the company was aware that a third party had already informed him about it, the gold miner said in its latest statement.
Concerned about “meritless litigation strategies,” the fund run by billionaire John Paulson said Thursday in a statement the special meeting should be held no later than Sept. 28. The news follows 24 hours of increasingly acrimonious public commentary by the two companies, with each accusing the other of providing false and misleading information and both saying they have complained to the Ontario Securities Commission. Paulson alleged the gold miner had failed to share information about a possible buyer, and filed an email with regulators from the company’s interim chief executive officer, Michael Kenyon, asking the would-be buyer to sign a confidentiality agreement.