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Detour Gold Corporation (TSX DGC) added Apr 13, 2010 *************************
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Detour Gold Corporation (TSX:DGC) is a Canadian gold exploration and development company with a highly experienced management and technical team whose primary focus is to advance the development of its flagship Detour Lake gold project located on the northern most, relatively under-explored Abitibi Greenstone Belt in northeastern Ontario. Detour Gold listed on the Toronto Stock Exchange on January 31, 2007 after a successful IPO. Concurrently with the IPO, Detour Gold acquired the 265 square kilometers Detour Lake property, which host the Detour Lake gold deposit, which produced 1.8 million ounces of gold from 1983 to 1999. In just over three years, the Company has drilled nearly 350,000 metres of drilling and completed a pre-feasibility study. The Detour Lake deposit is Canada's second largest undeveloped gold reserve and ranks sixth among the top ten largest gold reserves in North America, with 8.8 million ounces. The positive results of the pre-feasibility study confirmed that the future Detour Lake open pit operation can be a significant gold producer with the added benefits of a long mine life within a stable political environment. The Company continues to advance the project towards completion of a feasibility study expected in 2Q 2010.
RECENT NEWS Detour Gold Receives Positive Feasibility Study for Its Detour Lake Gold Project in Ontario
Detour Gold Commits to Purchasing Long Lead-Time Equipment for the Plant Facility at Detour Lake
Steve Parsons…Wellington West Capital Markets......May 26, 2010 Target raised to $30.00 from $23.00 DGC Price day before:$21.37Finish day posting$22.25Current:$22.62 ************ Michael Curran…RBC Capital Markets......May 26, 2010 Maintained OUTPERFORM Target raised to $26.00 from $22.00 DGC Price day before:$21.37Finish day posting$22.25Current:$22.62 --------Mar 29, 2010------ Maintained OUTPERFORM Target raised to $22.00 from $19.00 (Target Hit Apr 28, 2010) DGC Price day before:$18.82Finish day posting$18.72Current:$22.62 ********* Brad Humphrey…Raymond James......May 26, 2010 Maintained OUTPERFORM Target raised to $26.25 from $23.00 DGC Price day before:$21.37Finish day posting$22.25Current:$22.62 ------Dec 01, 2009------ Maintained OUTPERFORM Target raised to $22.00 from $18.75 (Target Hit Apr 28, 2010) DGC Price day before:$16.38Finish day posting$17.49Current:$22.62 ********* Kerry Smith…Haywood Securities......May 26, 2010 Maintained SECTOR PERFORM Target raised to $29.25 from $23.00 DGC Price day before:$21.37Finish day posting$22.25Current:$22.62 -------Mar 18, 2010-------- Maintained SECTOR PERFORM Target raised to $23.00 from $21.00 (Target Hit May 11, 2010) DGC Price day before:$19.09Finish day posting$18.66Current:$22.62 ********* Daniel Earle ............ TD Newcrest….May 26, 2010 Maintained SPECULATIVE BUY Target raised to $28.00 from $25.00 DGC Price day before:$21.37Finish day posting$22.25Current:$22.62 -------Apr 12, 2010------- Maintained SPECULATIVE BUY Target raised to $25.00 from $22.00 DGC Price day before:$19.71Finish day posting$19.76Current:$22.62 *********** ............ CIBC World Markets….May 20, 2010 New OUTPERFORM Target $36.00 DGC Price day before:$20.48Finish day posting$20.66Current:$22.62 *********** Catherine Gignac ............ Sandfire Securities….Apr 12, 2010 Target raised to $25.00 from $22.00 DGC Price day before:$21.18Finish day posting$21.58Current:$22.62 *********** Steven Butler ............ Canaccord/Adams….Apr 12, 2010 Maintained SPECULATIVE BUY Target raised to $29.50 from $22.50 DGC Price day before:$19.71Finish day posting$19.76Current:$22.62 *********** Gary Baschuk…Fraser Mackenzie......Mar 31, 2010 Upgraded to STRONG BUY from BUY DGC Price day before:$18.60Finish day posting$18.97Current:$22.62 *********
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