Today we review Detour Gold for you. What is Detour Gold? How does it work? What do they offer you as an investor? Are there better alternatives for you? This is just a few of the questions we help you answer today!
Name of the company: Detour Gold
Official Website URL: https://www.detourgold.com/home/default.aspx
CEO: Mick McMullen
Products: Gold, Gold stocks
P.S.
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Intro
Companies are ever in the move to expand their operations and to grow the avenues in which they can serve those who rely on their products and services in a better manner. Such is one way through which they can remain relevant in the competitive market. This review seeks to establish whether Detour Gold is doing all it can to ensure that it ranks amongst the best companies in its niche, as well as to keep up with the needs of its major and minor stakeholders. The main areas we shall address include:
– What is Detour Gold?
– How does it work?
– What products does it offer to its stakeholders?
– Is it genuine?
– Which investment opportunities can you take up with this company?
– What are the best alternatives to Detour Gold?
– Which are the main pros and cons that it offers?
What is Detour Gold about?
Detour Gold is a well-established intermediate gold production that is Canadian-based. This company’s main focus is the extraction of Gold in its Detour Lake Mine which is found in Northeastern Ontario. This company’s task force is comprised of residents from Cochrane, Timmins as well as the Ontario area. Detour Gold trains these employees for them to be in the best position to handle the mining of gold in its mines.
This company claims to be in a position to deliver long-term value to shareholder through constantly growing its cash flow profile, creating organic growth initiatives and investing heavily into the exploration of new mines. This way, shareholders can rest assured that their money will eventually grow and that placing their bet on Detour Gold will not lead to any form of disappointment.
Beyond trying to keep up with its competitors in the provision of the best offer to shareholders and other stakeholders, Detour Gold is very committed to conducting responsible mining operations. This is usually in a bid to provide the highest safety for its workers and to maintain the surrounding environment in a good condition. Moreover, this company is usually dedicated to serving the interests of the communities in which it operates in, through ensuring that the mining operations only improve their livelihood.
How it works
Detour Gold’s main operations are based in the Detour Lake Mine, which it fully owns. This mine is a large-scale open-pit mine that lies in North-eastern Ontario, which is a region that is renowned for its mining history. This region is also famous for its very capable workforce, and the very suitable infrastructure that it has. The local authorities in Ontario offer very solid support to all companies in the mining sector, and this tends to make the operations of companies such as Detour Gold very easy to go about.
Detour Gold’s target production for 2019 is 570,000 to 650,000 ounces of gold, which it intends to produce a total cost of $790 to $840. The All-in Sustaining Costs (AISC) are $1,175 to $1,250. These figures are simply a reflection of the manner in which this company is very keen on the deployment of its monetary resources. If these targets are met, this company will be in a very good position to attract more shareholders, as a result of its improved balance sheet and better stock prices.
This company is also currently investing in its development and exploration programs, in the West Detour project and Zone 58N. There is hope that the effort placed in the mining activities will yield pleasant results and the company be in a position to add more assets to its portfolio.
Products offered
Detour Gold has established its position as an intermediate producer of gold. Effectively, the main product that this company currently offers to those in the precious metals ecosystem is gold. All its development and exploration project are geared towards the expansion of its territorial grounds, which also contributes towards its annual expected turnover.
In addition to the physical gold that Detour Gold mines, investors can also access the gold stocks that it offers. This company is publicly traded and has its stocks listed in the Toronto Stocks Exchange (TSX). They are traded under the ticker DGC.
Is it a genuine company?
There is more than enough information on the internet to prove that Detour Gold Corporation is a genuine company. For starters, all companies whose stocks are listed on internationally recognized stock exchanges are usually highly scrutinized to ensure that their activities are not those that the general public can perceive as being fraudulent. Information on Detour Gold’s stocks can be found on Bloomberg.
This company is also led by its very able CEO, Mick McMullen, whose information you can find in several online sources. The same goes for its Board of Directors’ Chairman Ms. Patrice Merrin, who is very well-versed in the capital markets’ operations and the resource sector.
Investment opportunities?
If you are looking you have been scrolling to confirm that this company actually offers investment opportunities, then this is your section. Detour Gold offers stocks that those who meet the set qualifications can purchase and rely on to grow their wealth. With this company’s commitment to shareholder growth, you can benefit a great deal from purchasing its shares and trading them at appropriate moments.
Alternatives to Detour Gold
The one thing that every investor values above the money that they make at the end of their investment period are the information that is meant to guide their decisions. They very well know that one tip can change their financial status for good. Which is why I would recommend that, as an aspiring or seasoned investor seeking to solidify your moves, that you give the Resource Insider an opportunity to do the magic for you. The Resource Insider is Capitalist Exploits’ coveted product that gives investors some very accurate information about private and lucrative deals, hence enabling them to invest like they know the whole mining ecosystem like the back of their palms.
Secondly, there are very many solid facts that prove that you are better off investing in physical gold, as opposed to having your money channeled into stocks. The stability of gold as an investment instrument is second to none. The fluctuations in stocks prices can end up frustrating you, more so when the company you had banked on goes under. With a trustworthy company such as GoldCo, your gold will be securely stored and you will eventually earn an impressive income from your gold IRA account.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as GoldCo, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
P.S.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
==> Learn more about our #1 recommended IRA company on this page
Or,
==> If you want to invest like a Mining Magnate then Resource Insider is our #1 recommendation
Pros and cons
It is always wise (and recommended) to compare the positive sides against the negative ones to get a better overall view of something before you make any decisions. As always in our reviews we provide you with some clear points on both sides of the spectrum:
Pros
– Takes shareholders’ growth with a lot of seriousness
– Does safe and sustainable mining
– Supports local communities
– Invests heavily in exploration projects
Cons
– The gold stocks it offers are prone to extreme fluctuations
Do You Own or represent Detour Gold?
If you are a representative, or associate of Detour Gold and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to contact@goldretired.com.
Final words and verdict
Verdict: Legit
Overall rating: 
(4 / 5)
Ok, I think that sums up the overall view of Detour Gold pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
==> Learn about our #1 Recommended Investing Opportunity in Mining & Metals <==
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==> Learn about our #1 Recommended Gold (physical) IRA Service <==
I hope you found this short review of Detour Gold to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
Michael,
founder of: Goldretired.com
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