Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Detour Gold Corporation    DGC   CA2506691088

DETOUR GOLD CORPORATION

(DGC)
  Report  
Delayed Quote. Delayed Toronto Stock Exchange - 09/18 02:15:18 pm
20.4 CAD   -2.58%
07/30DETOUR GOLD : Reports Second Quarter 2019 Results
AQ
06/26DETOUR GOLD : Provides Notice of Second Quarter 2019 Results
AQ
06/24DETOUR GOLD : Announces Management Changes
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Detour Gold : Announces Management Changes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/24/2019 | 08:30am EDT

TORONTO, June 24, 2019 /CNW/ - Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") wishes to advise that Frazer Bourchier, Chief Operating Officer ("COO"), and Laurie Gaborit, VP Investor Relations, have both resigned their positions, effective June 30, 2019

Detour Gold (CNW Group/Detour Gold)

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 30th.  Mr. Bourchier has now elected to exercise that option and has tendered his resignation, effective June 30th.

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. The Company has put in place a consulting agreement for her to provide ongoing IR support in the short term.

The approximate cost to the Company of both resignations is approximately C$4.5 million, which will be taken as a one-off charge in Q2 2019.

The Company thanks both Mr. Bourchier and Mrs. Gaborit for their service and wishes them well in their future endeavors.

The Company also advises that Jaco Crouse has now formally started in the position of Chief Financial Officer.  Mr. Crouse is a seasoned financial professional with over 16 years of experience in financial management and reporting, mine financial planning, business optimization and strategy development.  At this time, the Company does not plan on filling the COO position.  In addition, the Company has made other management restructurings that will in total represent an annual saving of approximately C$4 million going forward. 

Mick McMullen, President and CEO of the Company, said, "We are moving forward at Detour Gold with our new Board, a rejuvenated executive team and a renewed focus on driving efficiencies and running the Company as a profitable business."

About Detour Gold

Detour Gold is a mid-tier gold producer in Canada that holds a 100% interest in the Detour Lake mine, a long life large-scale open pit operation. Detour Gold's shares trade on the Toronto Stock Exchange under the trading symbol DGC.

For further information, please contact:

Mick McMullen, President and CEO

Laurie Gaborit, VP Investor Relations

Tel: 416-304-0800

Tel: 416-304-0581

 

Detour Gold Corporation, Commerce Court West, 199 Bay Street, Suite 4100, P.O. Box 121, Toronto, Ontario M5L 1E2

SOURCE Detour Gold

© Canada Newswire, source Canada Newswire English

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DETOUR GOLD CORPORATION
07/30DETOUR GOLD : Reports Second Quarter 2019 Results
AQ
06/26DETOUR GOLD : Provides Notice of Second Quarter 2019 Results
AQ
06/24DETOUR GOLD : Announces Management Changes
AQ
06/17DETOUR GOLD : Announces Patrice Merrin as Chair
AQ
06/06DETOUR GOLD : Announces Voting Results from 2019 Annual and Special Meeting of S..
AQ
05/23Gerald Panneton appointed as Canadian Metals Director of the board
AQ
05/21DETOUR GOLD : Announces Appointment of New Chief Financial Officer
AQ
05/02DETOUR GOLD : Reports First Quarter 2019 Results
AQ
04/02DETOUR GOLD : Provides Notice of First Quarter 2019 Results
PU
04/01DETOUR GOLD : names new permanent CEO after Paulson-led proxy battle
AQ
More news
Financials (USD)
Sales 2019 832 M
EBIT 2019 137 M
Net income 2019 110 M
Finance 2019 69,0 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 24,7x
EV / Sales2019 3,27x
EV / Sales2020 3,08x
Capitalization 2 792 M
Chart DETOUR GOLD CORPORATION
Duration : Period :
Detour Gold Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DETOUR GOLD CORPORATION
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 19,42  $
Last Close Price 15,80  $
Spread / Highest target 77,6%
Spread / Average Target 22,9%
Spread / Lowest Target -1,31%
EPS Revisions
Managers
NameTitle
Williams C. Williams Chief Executive Officer & Director
James K. Gowans Chairman
Frazer W. Bourchier Chief Operating Officer
James Mavor Chief Financial Officer
André Falzon Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
DETOUR GOLD CORPORATION81.61%2 791
NEWMONT MINING CORPORATION11.05%32 459
BARRICK GOLD CORP29.68%31 587
NEWCREST MINING LIMITED60.32%18 370
POLYUS PAO--.--%16 005
SHANDONG GOLD MINING72.77%14 882