Detour Gold Corporation reported that it has successfully obtained a CAD 45 million senior secured letter of credit facility available to the company for financial assurance. The Facility was jointly provided by BMO Capital Markets and Canadian Imperial Bank of Commerce. It was activated in December 2012 with the drawdown of CAD 28.3 million which was used to replace cash collateralized bonds posted for the Detour Lake closure plan.

At year-end, the company's cash and short-term investments totalled CAD 236 million, sufficient to cover remaining project construction expenditures of approximately CAD 120 million and working capital requirements during the initial ramp-up period. The company anticipates closing a CAD 90 million senior secured revolving credit facility that would be available for general corporate purposes in the second quarter of 2013.