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Detour Gold Reports Fourth Quarter and Annual Financial Results

TORONTO, ONTARIO – March 10, 2014 – Detour Gold Corporation (TSX:DGC) (“Detour Gold” or the “Company”) reports its financial results for the fourth quarter and full-year 2013. The Company previously released its fourth quarter and full-year 2013 operational results on January 21, 2014. All amounts are in U.S. dollars unless otherwise indicated.

This press release should be read in conjunction with Detour Gold’s consolidated Financial Statements and related notes and schedules for the year ended December 31, 2013, and related Management’s Discussion and Analysis (“MD&A”), which can be found on the

Company’s website under the Investor Centre section or on SEDAR

2013 Highlights

  • Commercial production declared September 1, 2013
  • Gold production of 232,287 ounces for first year of operation1
  • Revenues from gold sales of $153.6 million during commercial production period (September 1 to December 31, 2013) at an average realized price of $1,283 per gold ounce sold2
  • Total cash costs of $1,182 per gold ounce sold2
  • Net loss of $12.3 million or $0.10 per share
  • Cash and short-term investment balance of $90 million at year-end

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