DETOUR GOLD (DGC) Stocks

ABOUT DETOUR GOLD

Detour Gold Corporation is a gold mining company. Its portfolio includes the Detour Lake Mine in the District of Cochrane, Ontario, which consists of more than 646 square kilometres.

Detour Gold Corporation is one of Canada’s largest gold producers. It produces more than 600 000 ounces of gold annually and its mineral reserves exceeds 15.4 million ounces.

Detour Gold Corporation is also invested in other development projects and exploration operations.

Detour Gold Corporation employs approximately 1 000 people and is headquartered in Toronto, Ontario, Canada.

OVERVIEW OF DETOUR GOLD

• Detour Gold Corporation is founded in 2006 when the mine is purchased from Pelangio Mines Ltd. for a price of US Dollar 75 million. It initially has a production capacity of 3.4 million ounces annually. It lists as a public company on the Toronto Stock Exchange in 2007.

• The company’s flagship asset is 2P reserves in Ontario, which each consists of 15.6 million ounces – North America’s 4th largest gold deposits by size at the time.

• Detour Gold Corporation pours its first doré bars at Detour Lake in 2013. In 2017, through an unsolicited mini-tender, TRC Capital Corporation offers to buy 5 million common shares at a price of US Dollar 15,25 per share, but the offer is rejected.

• Detour Gold Corporation gradually expands its portfolio. By 2017 the company produces approximately 150,135 ounces of gold at a price of US Dollar 1,257 per ounce.

VISION AND VALUES OF DETOUR GOLD

• Detour Gold Corporation values engagement, respect, honesty, accountability and commitment. Detour Gold Corporation is committed to operating responsibly with regards to its communities, employees and environment and follows high environmental and safety standards.

• Detour Gold Corporation’s community and the environment from which it operates are respected and the company’s vision is to have a positive impact. Communities are contributed to and social and economic development are encouraged.

• Detour Gold Corporation delivers significant potential and boast a large cash flow profile, delivering long-term value to its shareholders. Its employees are rewarded and are offered training and other opportunities to flourish.

MARKET PERFORMANCE OF DETOUR GOLD

• Detour Gold Corporation trades on the Toronto Stock Exchange under the TSX stock symbol DGC. Potential investors can buy shares today at an affordable price.

• Data analysis for the company’s financial report for the third quarter ending September 30, 2019 reports cash and cash equivalents of US Dollar 269.2 million. Total assets are US Dollar 2,568.2 million. Total labilities are US Dollar 543.7 million. Earnings from mine operations in the reported period are US Dollar 59.8 million.

• Earnings before taxes are US Dollar 14.5 million. Metal sales are US Dollar 202.6 million. Basic and diluted earnings are both US Dollar 0.07 per share. Net cash generated by operating activities are US Dollar 88.4 million. Net cash used in financing activities are US Dollar 94.9 million.

• Cash and cash equivalents at the end of the period are US Dollar 144.2 million.

Buy DETOUR GOLD stocks / shares – A Step by Step Guide how to Buy / Purchase DETOUR GOLD Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy DETOUR GOLD Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN DETOUR GOLD STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE DETOUR GOLD STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of DETOUR GOLD stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

1. Is it the best time to buy this stock / share?
2. Should I buy DETOUR GOLD stocks / shares in the current economic climate?
3. Can I afford to buy this stock / share?
4. What is the forecast of the stock / share growth?
5. What is the current price per earning ration on the stock / share?