BRIEF-Detour Gold Q2 adjusted earnings per share $0.02

Thu Jul 28, 2016 7:25am EDT
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July 28 (Reuters) - Detour Gold Corp :

* Detour Gold Corp says for Q2 total cash costs of $691 per ounce sold and AISC of $1,030 per ounce sold

* Accelerated its debt reduction program by buying back $82 million of debt from cash flow in Q2

* Now in a position to have surplus cash to meet debt reduction target of $300 million by year-end

* To remove upper end of annual production guidance

* Company is narrowing its 2016 gold production guidance to between 540,000 and 570,000 ounces

* Detour Gold Corp qtrly gold production totaled 139,359 ounces, in line with company's quarterly guidance range

* Detour Gold reports second quarter 2016 results

* Q2 adjusted earnings per share $0.02   Continued...