10:11 AM EDT, 07/27/2017 (MT Newswires) -- Detour Gold (DGC.TO) shares are higher following the company's late Wednesday release of its Q2 results which showed an increase in both revenue and earnings.
Revenues were $180.1 million on gold sales of 142,970 ounces. In the year prior, revenues were $166.7 million on sales of 269,214 ounces of gold.
Net earnings came in at $24.4 million ($0.14 per share) and adjusted earnings of $26.4 million ($0.15 per share). In the comparable period, the company lost $0.18 per share and earned $0.02 per share on an adjusted basis.
Detour Gold produced 150,138 ounces of gold in the second quarter as mill throughput increased to a record of 60,259 tpd. Total cash costs were $706 per ounce sold and AISC was $1,123 per ounce sold.
Detour Gold's shares were last up 6.4% at $14.73 apiece. They are at the bottom-end of their 52-week range of $13.71 -$35.40.
Price: 14.73, Change: +0.91, Percent Change: +6.6
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