Detour Lake

Northeastern Ontario

Detour Lake emerged in 2022 as the largest gold producing mine in Canada with the country’s largest gold reserves at 20.7 million ounces and substantial growth potential. The Detour Lake operation is located in northeastern Ontario, approximately 300 km northeast of Timmins and 185 km by road northeast of Cochrane, within the northernmost Abitibi Greenstone Belt. It has a mine life that has been extended by 10 years to 2052 with expected mid-point gold production of 690,000 ounces per year in 2023 rising to 740,000 ounces per year in 2025.

Key Facts

Mine Type

Open Pit

2022 production

651,182 oz gold*

2022 production costs

$752/oz gold*

2022 total cash costs

$657/oz gold*

Gold reserves

20,683,000 oz

2023 production guidance

715,000 oz gold

2023 total cash costs guidance

$707/oz gold

Mine life

*for the period from Feb. 8, 2022 to Dec. 31, 2022

Mine Production

2022 Output

* for the period from Feb. 8, 2022 to Dec. 31, 2022