Canada's Detour Gold expects lower cash cost in 2014

Mon Jan 27, 2014 8:50am EST
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Jan 27 (Reuters) - Canadian miner Detour Gold Corp forecast lower cash cost per ounce of gold sold this year.

The company estimated total cash cost of $800 to $900 per ounce for 2014. Detour reported in November cash costs of $1,214 per gold ounce for the third quarter.

The company also said it expects to double production at its flagship low-grade Detour Lake mine in northeastern Ontario in 2014.