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Detour Gold Announces Next Steps to Build on Foundation of 2018 Life of Mine Plan
Detour Gold Announces Next Steps to Build on Foundation of 2018 Life of Mine Plan ...
About this update from Daura Gold Corp.
[{"type":"text","content":"\n\n\n\nDetour Gold Announces Next Steps to Build on Foundation of 2018 Life of Mine Plan\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 20, 2018\n\n\n\nTORONTO, July 20, 2018 /CNW/ - Following the release of its updated life of mine plan (\"2018 LOM Plan\"), Detour Gold Corporation (TSX: DGC) (\"Detour Gold\" or the \"Company\") is pleased to announce the next steps in its ongoing plan to grow long-term shareholder value. While the Board of Directors (the \"Board\") is determinedly focused on operational excellence, it recognizes the need for the Company's strategy to continue to evolve.  \n\n\n \n \n\n \n\"In taking these next steps on our path to long-term value creation we are demonstrating our intensified commitment to optimizing the Detour Lake operation,\" said Alex Morrison, Chairman. \"As we indicated in our June 27 news release, the Company remains focused on the implementation of the 2018 LOM Plan. We are committed to improving upon Detour Lake's past operational performance by making the changes needed to ensure it becomes a consistently profitable operation and giving our new Chief Operating Officer, Frazer Bourchier, the time and support he needs to execute.  Further enhancing our Board with additional operational expertise and providing shareholders with background on our Special Committee demonstrates that the Board has always been, and remains, committed to creating long-term value for all shareholders.\" \n\nEnhanced Board Expertise: Operations & Corporate Social Responsibility\n\nThe Board maintains a skills matrix of the expertise required by Detour Gold, against which it measures the composition of the Board on an ongoing basis. In early 2018, the Corporate Governance and Nominating Committee concluded that the composition of the Board would be enhanced with the addition of members possessing operational expertise in large-scale open pit mining and experience in corporate social responsibility, including First Nations engagement. The Board agreed with this recommendation and a search for such candi...