Page 74 By Gregory Reynolds Detour Gold Corporation gave out some good news while reporting its operational and fnancial results for the third quarter of 2017 Provincial approval for the W est De tour project is tar geted for mid2018 current life of mine plan requires ap proval by end of 2018 While the mine has a 22 year life the company is progressing to develop two new open pit operation s on its property known as the W est Detour Project It also signed an amended Impact Beneft Agreement with T aykwa T ag amou Nation to include the W est De tour project During the quarter the company re ported sustainin g expenditure s includ ed 148 milli on for mining mainly relating to the purchase of one haul truck and signifcant components to the mobile feet 144 million for the construction of the tailings facility 22 million for processing and 79 million for site infrastructure mainly realized price of 1273 per ounce Earnings from mine operations of 467 million Net earnings of 411 million 024 per basic share and adjuste d earn ings of 374 million 021 per basic share Cash and cash equivalents of 1 137 million at September 30 2017 Closed 500 million bank debt fa cility drew down 300 milli on from the facility and placed 3293 million in escrow to repurchase convertible notes maturing in November 2017 Detour Lake operation continued to improve with record mining and milling rates although gold produc tion was at the lower end of our pro jections for the quarter W e expect a strong fourth quarter gold production to meet the midrange of our annual guidance said Paul Martin presi dent and CEO W ith a strong balance sheet and having generated approxi mately 60 million of free cash fow W ork continues on two new pit operations at Detour Gold for the new camp An airborne geophysical survey to taling 5570 line kilometres was completed over the entire Burntbush grassroot property located 70 kilome tres south of the Detour Lake Mine Preliminary review of the results has identifed 16 signifcant untested geo physical anomalies A prospecting and sampling program was complet ed to follow up on the airborne EM electromagnetic anomalies histori cal mineral occurrences and areas of exposed bedrock 3rd quarter highlights included Gold production of 139861 ounces for the quarte r and 421417 ounces year to date Record mill throughput of 61548 tpd and mining rate of 283000 tpd T otal cash costs of 668 per ounce sold and AISC of 1032 per ounce sold Revenues of 1640 million on gold sales of 128498 ounces at an average Page 74 Contd on pg 76