July 18, 2018 / 7:52 PM / a month ago

REFILE-BUZZ-Detour Gold Corp: Co receives takeover interest -Paulson

(Corrects first item to show that share price is in C$)

** Canadian gold miner’s shares up 12.2 pct at C$13.75

** Paulson & Co Inc says interim CEO of Detour sent the activist investor a letter stating a “major” gold mining company showed interest in buying Detour

** Paulson, which owns 5.4 pct of Detour, says will push for replacing board members in a bid to explore strategic alternatives for co

** Paulson urged Detour to seek a buyer in a letter last month, according to Bloomberg

** Detour shares fell 30 pct on April 27, after raising estimated costs to expand its Detour Lake pit mine and lowered production outlook

** Up to Tuesday’s close, stock had risen 22 pct since April 27 (Reporting by Karan Nagarkatti)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below