|Bid||11.17 x 0|
|Ask||11.28 x 0|
|Day's Range||10.92 - 11.33|
|52 Week Range||9.11 - 15.40|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||25.68|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.82|
NORTHBROOK, IL, Oct. 16, 2018 /CNW/ - Livermore Partners ("Livermore"), a private investment firm, today announced that it delivered a letter to the Board of Directors (the "Board") of Detour Gold Corporation (TSX:DGC.TO - News) ("Detour Gold" or the "Company") voicing Livermore's disappointment with the recent conduct of the Board and expressing its serious concerns with numerous governance and operational matters at the Company.
U.S. hedge fund Livermore Partners has called for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company. Livermore sent a letter dated Oct. 16 to Detour in which Livermore Managing Director David Neuhauser said the board had failed its shareholders on "numerous governance and operational matters." The letter was seen by Reuters. Livermore has engaged in other activist campaigns including at Canadian and UK media company Entertainment One Ltd.
Shareholder Disappointed but not Surprised by Board’s Entrenchment and Disingenuous Approach to Negotiations NEW YORK, Oct. 12, 2018 -- Paulson & Co. Inc. (“Paulson”), one.
The settlement Detour said it had proposed to Paulson on Oct. 9 would have resulted in almost half of its board being refreshed in six weeks, with interim CEO Michael Kenyon stepping down before the next annual general meeting. A spokesman for Paulson said it had instead made new proposals to Detour earlier on Friday and was continuing to press for a complete change of the board. "Paulson provided the company with two settlement alternatives this morning ... we have not received a response to our good-faith offer other than through the media," the spokesperson told Reuters.
“We know the heavy expense and distraction of a proxy fight is not in the best interests of Detour Gold,” Detour Chairman Alex Morrison said in a letter dated Tuesday addressed to billionaire John Paulson, which was emailed to Bloomberg. Detour said in a separate statement that Paulson & Co. rejected the offer Friday. In emailed responses, Paulson & Co. said it “initiated” a discussion with Detour on Tuesday by sending the company a letter, and has provided the miner with two settlement alternatives.
TORONTO, Oct. 12, 2018 /CNW/ - Detour Gold Corporation (TSX:DGC.TO - News) ("Detour Gold" or the "Company") responds to numerous shareholders who have encouraged a constructive dialogue and negotiated settlement with Paulson & Co. ("Paulson"), Chairman Alex Morrison has released the details of Detour Gold's latest offer of settlement of October 9th, that was rejected this morning by Marcelo Kim of Paulson.
TORONTO , Oct. 1, 2018 /CNW/ - Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") plans to release its third quarter 2018 operating and financial results after market ...
Paulson & Co. Inc. (“Paulson”), one of the largest, long-term shareholders in Detour Gold Corporation (DGC.TO) (“Detour Gold” or the “Company”), today published an investor presentation for fellow shareholders.
Investors are always looking for growth in small-cap stocks like Detour Gold Corporation (TSE:DGC), with a market cap of CA$1.82b. However, an important fact which most ignore is: how financiallyRead More...
"As part of Detour Gold's ongoing board refreshment and enhancement process, we are very pleased to welcome Alan, Jim, and Judy to the Board and look forward to their contributions as we execute on our 2018 Life of Mine Plan to deliver long-term value to all shareholders," said Alex Morrison, Chairman. Not only is Detour Lake the largest gold mining operation in Canada, it has one of the largest gold reserve endowments in the world, providing tremendous optionality to a rising gold price over at least the next two decades.
TORONTO , Aug. 29, 2018 /CNW/ - Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") corrects false assertions made by Paulson & Co. ("Paulson") on August ...
Paulson & Co. Inc. (“Paulson”) criticized the decision by the Board of Directors of Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company”) to force shareholders to wait until December 11 before being able to vote on a new independent Board. The latest entrenchment tactic impedes and delays Paulson’s efforts to hold the Board accountable for ongoing substantial value destruction. Many significant shareholders have publicly endorsed replacing directors. “It is inexcusable that the Board delayed the meeting and refused to hold itself accountable to shareholders,” said Marcelo Kim, a Partner at Paulson.
LONDON, UK / ACCESSWIRE / July 27, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Metals & Mining industry: Detour Gold, Silvercorp Metals, McEwen Mining, and Torex Gold Resources. Today's stocks of interest consist of: Detour Gold Corporation (TSX: DGC), Silvercorp Metals Inc. (TSX: SVM), McEwen Mining Inc. (TSX: MUX), and Torex Gold Resources Inc. (TSX: TXG).
The hedge fund, Paulson & Co, which owns about 5.4 percent of Detour, had threatened to replace the company's board if it did not successfully explore strategic alternatives including a sale and the appointment of a new chief executive officer. "Paulson is not advocating for a fire sale, but rather a comprehensive review of all alternatives, including a sale," the hedge fund said in a statement. Paulson also requested Detour to call for a special shareholder meeting by Sept. 28 to choose between its slate of nominees and the current board.
TORONTO , July 26, 2018 /CNW/ - Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") confirms it has received a requisition from Paulson & Co. Inc. ("Paulson") ...
Paulson & Co. Inc. (“Paulson”), as investment manager of certain investment funds, has requisitioned a special meeting of shareholders to replace the Board of Detour Gold Corporation (DGC.TO) (“Detour Gold” or the “Company”). Shareholders will have the opportunity to take back control of their Company from a self-serving Board. The current Detour Gold directors have presided over a period of massive value destruction with little regard for shareholder interests, while enriching themselves with shareholders’ cash.
TORONTO, July 25, 2018 /CNW/ - Detour Gold Corporation (TSX:DGC.TO - News) ("Detour Gold" or the "Company") reports an initial independent mineral resource estimate for the Zone 58N gold deposit located six kilometres south of its 100% owned Detour Lake gold mine. The mineral resource estimate is comprised of an Indicated resource of 2.87 million tonnes grading 5.80 g/t for 534,300 ounces of gold and an Inferred resource of 0.97 million tonnes grading 4.35 g/t for 136,100 ounces of gold. Michael Kenyon, Interim CEO, commented: "Detour Gold is in the fortunate position of having a large mineral reserve base of 16.0 million ounces supporting a mine life of 23 years.
TORONTO , July 25, 2018 /CNW/ - Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") reports its operational and financial results for the second quarter of 2018 and ...
TORONTO, July 20, 2018 /CNW/ - Following the release of its updated life of mine plan ("2018 LOM Plan"), Detour Gold Corporation (TSX:DGC.TO - News) ("Detour Gold" or the "Company") is pleased to announce the next steps in its ongoing plan to grow long-term shareholder value. "As we indicated in our June 27 news release, the Company remains focused on the implementation of the 2018 LOM Plan.
Paulson & Co's statement comes a day after the parties engaged in a heated public exchange over Detour's failure in publicly disclosing a buyout offer. Detour did not disclose the buyout offer to Paulson because the company was aware that a third party had already informed him about it, the gold miner said in its latest statement. The company on Wednesday asked the Ontario Securities Commission (OSC) to investigate Paulson, accusing it of "concerning and unlawful behavior" after the hedge fund put out a statement disclosing a buyout offer for Detour from a gold miner.
TORONTO , July 19, 2018 /CNW/ - Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") addresses further misleading statements by activist Paulson & Co. ("Paulson"). ...
The hedge fund, run by billionaire John Paulson, has threatened to replace the company's board if it does not successfully explore strategic alternatives, including a sale, and look for a new chief executive. It owns 5.4 percent of Detour Gold. Earlier on Wednesday, Paulson & Co issued a statement saying Detour Gold had received a buyout offer from another gold miner, but had failed to disclose it publicly.