Detour Gold corporate presentation

1. CANADA’S NEXT
INTERMEDIATE
GOLD
PRODUCER
1
Corporate Presentation
October 21-25, 2013

2. Forward Looking Information
This presentation contains certain forward-looking information as defined in applicable securities laws (referred to herein as “forward-looking
statements”). Specifically, this presentation contains forward-looking statements regarding 2013 guidance for gold production and total cash
costs, reserve and resource estimates, ore grade, expected mine life, average annual gold production, gold recovery, cash operating costs
and other costs, sensitivity to metal prices and other sensitivities, ramp-up of operations, mining rates reaching approximately 200,000 tpd
by year-end 2013, future operating plans, potential expansion opportunities, and plans for organic growth which includes growing mineral
reserves to more than 20 million ounces. Forward-looking statements involve known and unknown risks, uncertainties and other factors
which are beyond Detour Gold’s ability to predict or control and may cause Detour Gold’s actual results, performance or achievements to be
materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. These
risks, uncertainties and other factors include, but are not limited to, gold price volatility, changes in debt and equity markets, the
uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental
legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the gold
exploration and development industry, as well as those risk factors discussed in the section entitled “Description of Business - Risk Factors”
in Detour Gold’s 2012 AIF and in the continuous disclosure documents filed by Detour Gold on and available on SEDAR at www.sedar.com.
Such forward-looking statements are also based on a number of assumptions which may prove to be incorrect, including, but not limited to,
assumptions about the following: the availability of financing for exploration and development activities; operating and capital costs; the
Company’s ability to attract and retain skilled staff; the mine development schedule; sensitivity to metal prices and other sensitivities; the
supply and demand for, and the level and volatility of the price of, gold; timing of the receipt of regulatory and governmental approvals for
development projects and other operations; the supply and availability of consumables and services; the exchange rates of the Canadian
dollar to the U.S. dollar; energy and fuel costs; the accuracy of reserve and resource estimates and the assumptions on which the reserve
and resource estimates are based; market competition; ongoing relations with employees and impacted communities and general business
and economic conditions. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking
statements contained herein are made as of the date hereof, or such other date or dates specified in such statements. Detour Gold
undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new
information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking
statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.
2

3. Notes to Investors
Note Regarding Certain Measures of Performance
This presentation presents estimates of future “cash operating costs per tonne milled”, “cash operating costs per ounce of gold produced”,
“total cash costs per tonne milled” and “total cash costs per ounce of gold produced” which are not recognized financial measures under
GAAP. These non-GAAP financial measures are intended to provide additional information to investors. However, they do not have a
standardized meaning under GAAP and may not be comparable to similar measures presented by other gold producers. The estimates of
future cash operating costs per tonne milled and future cash operating costs per ounce of gold produced include estimated mining,
processing and site administration costs divided by estimated tonnes milled or gold ounces produced, respectively. The estimates of future
total cash costs per tonne milled and future total cash costs per ounce of gold produced include estimated mining, processing, site
administration, royalty and refining costs net of estimated silver by-product credits divided by estimated tonnes milled or gold ounces
produced, respectively. These future estimates are based upon the cash operating costs per tonne milled, the cash operating costs per
ounce of gold produced, the total cash costs per tonne milled and the total cash costs per ounce of gold produced that the Company
expects to incur to mine gold at the Detour Lake mine. Since the Detour Lake mine has not yet reached commercial production, there is no
reconciliation to actual GAAP measures provided as it is not practicable to reconcile these forward-looking non-GAAP financial measures to
the most comparable GAAP measures.
Information Containing Estimates of Mineral Reserves and Resources
The mineral reserve and resource estimates reported in this presentation were prepared in accordance with Canadian National Instrument
43-101Standards of Disclosure for Mineral Projects (“NI 43-101”), as required by Canadian securities regulatory authorities. For United
States reporting purposes, the United States Securities and Exchange Commission (“SEC”) applies different standards in order to classify
mineralization as a reserve. In particular, while the terms “measured,” “indicated” and “inferred” mineral resources are required pursuant to
NI 43-101, the SEC does not recognize such terms. Canadian standards differ significantly from the requirements of the SEC. Investors are
cautioned not to assume that any part or all of the mineral deposits in these categories constitute or will ever be converted into reserves. In
addition, “inferred” mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic
and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category.
Under Canadian securities laws, issuers must not make any disclosure of results of an economic analysis that includes inferred mineral
resources, except in rare cases.
On September 4, 2012, Detour Gold announced an updated mine production plan for the Detour Lake project. The NI 43-101 compliant
Technical Report for this update was filed on SEDAR on October 18, 2012. The following QPs participated in this update: BBA Inc., under
the direction of André Allaire, Eng., Vice-President, Markets – Mining and Metals and Patrice Live, Eng., Mining Manager; SGS Canada
Inc., under the direction of Michel Dagbert, Eng., Senior Geostatistician and Maxime Dupéré, P.Geo., Senior Geologist; and AMEC
Environment & Infrastructure, a Division of AMEC Americas Limited, David G. Ritchie M.Eng., P.Eng,
Senior Associate Geotechnical Engineer.
3

4. Invest in Detour Gold
Our Vision
Become a leading intermediate gold producer and
premier investment opportunity
Focus
4
Discipline
Execution

5. Focused on One Core Asset
DETOUR LAKE – ONTARIO, CANADA
 Low-risk, safe mining jurisdiction
 100% owned large prospective land package of
630 km2 on Abitibi Greenstone Belt
› High quality, long life producing open
pit mine (15.6 M oz in reserves)
ONTARIO
› Significant potential for production
growth
DETOUR LAKE MINE
Timmins
Toronto
5
› Exploration upside for high-grade
mineralization

6. Share Capital
ISSUED AND
OUTSTANDING
C$1.0 B
138.2 M
MARKET CAP
C$161 M
CASH POSITION
FULLY DILUTED
161.5 M
OPTIONS & FN SHARE
COMMITMENTS
TOP
SHAREHOLDERS
PAULSON & CO: 15%
INSTITUTIONS TOTAL: >80%
10.3 M
CONVERTIBLE
NOTES
13.0 M
Note: Cash position and share data at September 30, 2013 (excluding 11,000 oz unsold)
Conversion price for the Notes is US$38.50.
6

7. Execution = Detour Lake in 6 Years
2007
ACQUISITION
/DISCOVERY
2009
PRE-FEASIBILITY
STUDY
2010
FEASIBILITY
STUDY &
PERMITTING
2011-12
DEVELOPMENT PRODUCTION
2013
 Built Detour Lake on schedule
 Started gold production in February
 Reached commercial production in August
7
2013

8. Strategy = Focused on Profitability
Objectives:
 Deliver on operational performance
 Generate positive cash flows
 Use cash flow to fund future organic
growth
 Provide return on capital
8

9. 2013 Objectives
Q1-Q3 2013
 First gold pour in February
 Secured $90 million credit facility
 Commissioned second production line
 25,000 m drilling program targeting high-grade
gold mineralization
 Reached commercial production in August
 Produced 150,410 ounces of gold in first 9
months
Q4 2013
 Gold production target of 270,000 oz for the year
 Year-end mineral resources/reserves (news
release in Q1 2014)
9

10. Detour Lake Mine at a Glance
Key Statistics
OP reserves (M oz)
15.6
Mill throughput (tpd)
55,000
Strip ratio (waste:ore)
3.7
Gold recoveries
91%
Average grade (g/t)
1.03
Estimated mine life (yrs)
21.5
Avg. production (oz/yr)
657,000
Initial capex (C$ B)
1.5
Sustaining capex (C$ B)
1.2
Commercial production declared
on September 1, 2013
10

11. Detour Lake Mine Ramp Up
Processing Plant
 55,000 tpd conventional gravity and
CIP processing plant with two
production lines
 Primary crusher (90,000 tpd capacity)
 Each line has 1 secondary crusher,
1 pebble crusher, 1 SAG and 1 ball mill
Mine Operations
 Mining rates averaged 201,000 tpd in
September
 Current mining fleet of 20 haul trucks &
4 shovels (incl. 2 rope shovels)
 Stockpile availability
11

12. Q1-Q3 2013 - Operation Statistics
2013
Q1
Q2
Q3
Ore tonnes mined (Mt)
1.29
2.70
4.16
Tonnes milled (Mt)
1.02
2.87
3.88
Mill grade (g/t Au)
0.64
0.76
0.72
Recovery (%)
80
83
85
Availability (%)
66
68
78
16,841
57,897
75,672
Gold produced (oz)1,2
1. Q3 = 80,765 oz poured (the inventory was reduced from 23,189 to 17,998 oz).
2. During September, the first month of commercial production, the Detour Lake mine
produced 24,021 oz gold.
12

13. 2013 Ramp-up
Guidance
Gold production
Total cash costs 1
Sustaining capital 2
2013 Estimate
270,000 oz
US$1,100/oz
C$192 M
 Availability and recoveries continue to
trend in a positive direction
 Targeting mining rates of 250,000 tpd
by year-end
 Pre-stripping with contractor (adding
US$100/oz in operating costs for Q4
2013)
1. For period September to December 2013 (post-commercial production).
2. Advancing purchase of 3 haul trucks to 2013.
13

14. Near-term Agenda: At the Mine
Next Focus:
Production Growth
Lowering Costs
Mine Operations:
 Open-up the pit to allow for increased flexibility in mining plans
› South haul road under construction
 Access to higher grade ore (Domain #2)
 Continue to improve:
› Shovel productivity with increased blasted inventory
› Haul truck cycle
 Haul road and pit floor quality
 Pit de-watering
14

15. Detour Lake Mine
October 2, 2013
15

16. Near-term Agenda: At the Mill
Next Focus:
Production Growth
Lowering Costs
Processing Plant:
 Target +50,000 tpd capacity by year-end
› Improve availability (less unplanned downtime)
› Increase utilization
 Improve gold recovery
› Maximize use of gravity circuit
› Optimize leach circuit
16

17. Near-term Results: Free Cash Flow
Next Focus:
Production Growth
Lowering Costs
Cost Reductions:
 Mining and milling unit costs to improve with increased
volume and efficiency - economy of scale
 Reduce current Tailings Facility costs - construction change
from “downstream” to approved “center line” design
 Opportunity to reduce power costs with Ontario provincial
program
17

18. Looking at 2014 and Beyond
In Progress:
 Year-end reserve and resource update
› New pit shell for Detour Lake (2011 drilling)
› Block A in resource category (2012 drilling)
 Detailed mine production plan for 2014
 Optimize 5-year production schedule
 Evaluate potential expansion from 55,000 to 61,000 tpd
18

19. Organic Growth Opportunities
 Long-term growth of reserve base to
+20 M oz
› Reserve/resource update for
Detour Lake mine and Block A
 Large prospective land position of
630 km2
› Focus on high-grade gold
targets:
› Discovery of Zone 75 with
17.33 g/t over 4.4
19
Inferred
M&I
P&P
30M oz
20M oz
14.9
11.4
10M oz
8.8
15.6

20. Organic Growth Opportunities
630 km2
15.6 M oz in Reserves
Lower Detour
Area
*Note: Excludes drilling around Detour Lake and M zone (Block A).
20

21. Organic Growth Opportunities
25,000 m of drilling
in Q1 2013
17.33/4.4
21

22. Organic Growth Opportunities
Long Section across Zone 75
22

23. Organic Growth Opportunities
Near-term objectives (1-3 years):
 Detour Lake reserve/resource update (open pit west expansion)
 Evaluation of potential expansion options
23

24. Invest in Detour Gold
Our Vision
Become a leading intermediate gold producer and
premier investment opportunity
Focus
24
Discipline
Execution

25. ADDITIONAL
INFORMATION
25

26. Detour Lake Profile
Sept. 2012
Mine Plan(3)
Detour Lake
@ US$850/oz
Tonnes
(millions)
Grade
(g/t)
Contained
Gold (‘000 oz)
Assumptions
Gold price (US$/oz) (1)
1,200
Reserves (1)
Foreign exchange rate (US$/Cdn$)
1.00
Proven
101.6
1.29
4,222
Fuel price (US$/barrel)
100
Probable
368.4
0.96
11,351
P&P
470.0
1.03
15,573
Measured
124.5
1.36
5,424
Indicated
554.3
1.00
17,836
M&I
678.8
1.07
23,261
Inferred
208.5
0.86
5,785
Income/mining tax rate (%)
Net Smelter Royalty (%)
Ore milled (Mt)
Waste mined (Mt)
25/10
2
470.0
(4)
1,734
3.7
Avg. gold grade (g/t)
1.03
Total contained gold (M oz)
15.6
Estimated gold recovery (%)
91.0
Total recovered gold (M oz)
14.1
Mine life (years)
Mine Parameters
Strip ratio (waste:ore)
21.5
Avg. annual gold production (oz)
26
1.
2.
3.
4.
657,000
US$1,600/oz for 2013, US$1,500/oz for 2014, and US$1,400/oz for 2015.
Press release Jan. 31, 2011 with Technical Report dated Mar. 15, 2011.
Press release Sept. 4, 2012 with Technical Report dated Oct. 18, 2012.
Includes low-grade stockpile.
Resources (2)
1.
2.
After a 95% mining recovery rate; Mining dilution factor of 15.5%.
Inclusive of mineral reserves.

27. Projected LOM Profile
September 2012 Mine Production Plan*
(Includes expansion from 55,000 tpd to 61,000 tpd)
Gold Production (‘000 oz)
Grade (g/t Au)
1.8
900
1.6
800
LOM Avg. 657,000 oz/yr
1.4
700
1.2
600
1.0
500
0.8
400
300
0.6
*Updated 2014 & LOM plan in
process to be issued in Q1 2014
with NI 43-101 Technical Report
0.4
200
0.2
100
0
0
Expansion from 55,000tpd to 61,000 tpd
27
Note: Excludes stripping adjustments.

28. Projected LOM Operating Costs
Based on September 2012 Mine Production Plan
Operating Costs (LOM)
C$/t
milled
C$/t
mined
Mining costs
11.65
2.49
Processing cost
7.83
--
260
G&A
1.86
--
62
Cash operating costs
21.34
--
710
Royalty (2%) and other
1.26
--
42
Refining
0.12
--
4
Silver credit
(0.20)
--
(7)
Total cash costs (TCC)
22.52
--
749
Breakdown of 2013-14 TCC
388
C$/oz
LABOUR
18%
POWER
12%
DIESEL
MAINTENANCE
22%
8%
G&A
CONSUMABLES
29%
5%
ROYALTY+
OTHER
(2% NSR)
6%
A 10% change in:
Diesel or power costs = $9/oz change in TCC
Cdn$ FX rate = $63/oz in TCC
28

29. Conventional Milling Process
Mine Trucks
Primary Crusher
90,000 tpd
To
Gravity
Circuit
Stockpile
Secondary Crushers (2)
67,000 tpd
Pebble Crushers (2)
73,000 tpd
SAG Mills (2)
55,000 tpd
Ball Mills (2)
55,000 tpd
To
Gravity
Circuit
CIP
To
Market
Carbon
Stripping
Gold
Doré Bars
29
Gold
Furnace
Gold
Electrowinning
Leach
Tailings

30. Grade Control
Bench 6252m
DDH Block model 40x40m drill spacing
RC GC 20X10m & 10X10m drill spacing
Block Gold Grade
(g/t)
Bench 6240m
< 0.3
< 0.5
< 0.8
< 2.0
> = 2.0
Pit Contour at July 31, 2013
Grade Control Data Limit
30

31. Grade Control
DDH Block model 40x40m drill spacing
RC GC 20X10m & 10X10m drill spacing
Bench 6228m
RC 40X10m
Block Gold Grade
(g/t)
Pit Contour at July 31, 2013
Grade Control Data Limit
31
< 0.3
< 0.5
< 0.8
< 2.0
> = 2.0

32. Detour Lake & Block A
Block A near-surface resource
2012 completed DH
DH included in 2011 year-end
reserves
DH not included in 2011 year-end
reserves
Historical DH
32
Detour Lake
2011 year-end reserves = 15.6 M oz

33. Corporate Responsibility
Focus on health and safety of our employees, the well-being of
our community and the protection of the natural environment
 Hiring in the region, giving priority to local Aboriginal communities:




604 full-time employees*
93% of workforce from region
25% are Aboriginals
Scholarship and job training
 Supporting local communities
 Business opportunities
 Participation in municipal development
 Corporate philanthropy
33
* As of September 30, 2013.
WORKFORCE ORIGIN
COCHRANE
AREA
COCHRANE
31%
NORTHERN
ONTARIO
38%
24%
REST OF
ONTARIO
3%
OTHER
4%

34. Analyst Coverage
Initiating
Research
Analyst
07.06.11
Haywood Securities
Kerry Smith
07.07.09
Paradigm Securities
Don Blyth/Don MacLean
07.08.07
Raymond James
Phil Russo
07.11.26
National Bank Financial
Steve Parsons
07.12.20
Macquarie Capital Markets
Mike Siperco
08.01.14
Canaccord Genuity
Rahul Paul
08.07.14
TD Securities
Dan Earle
08.09.04
RBC Capital Markets
Dan Rollins
08.11.06
BMO Capital Markets
John Hayes
09.06.17
Laurentian Bank Securities
Eric Lemieux
10.05.19
CIBC World Markets
Cosmos Chiu
10.07.22
Credit Suisse Securities
Anita Soni
11.07.15
Bank of America Merrill Lynch
TBA
13.04.16
Scotia Capital
Leily Omoumi
13.08.14
34
Firm
Desjardins Capital Markets
Michael Parkin

35. Management & Directors
Management

Gerald Panneton

Founder, President & CEO

Michael Kenyon
Paul Martin

Pierre Beaudoin
Chief Operating Officer

Julie Galloway



James Robertson
Drew Anwyll
Derek Teevan

Andrew Croal
Rickardo Welyhorski
Director Mineral Processing

Charles Hennessey
Process Plant Maintenance Manager and
Deputy Mine General Manager

MGM/Director of Operations

Sr VP Corporate &
Aboriginal Affairs

VP Environment &
Sustainability
Sr VP General Counsel &
Corporate Secretary

Rachel Pineault
Bill Snelling
Director Corporate Systems & Controls
VP HR & Aboriginal Affairs
CFO


VP Finance
Executive Chairman

James Mavor
Joshua Hurrell
Acting Mine Manager - Chief Geologist

Director Technical Services
Mike Papadakis
Process Plant Manager
Laurie Gaborit
Director Investor Relations

Pat Donovan
Jean-Francois Metail
Director Reserves and Resources
VP Corporate Development
Directors




35
Peter Crossgrove
Louis Dionne
Robert E. Doyle
André Falzon



Ingrid Hibbard
Michael Kenyon
Alex G. Morrison



Gerald Panneton
Jonathan Rubenstein
Graham Wozniak

36. Contact Information
Gerald Panneton
President & CEO
Email: gpanneton@detourgold.com
Phone: 416.304.0800
Laurie Gaborit
Director Investor Relations
Email: lgaborit@detourgold.com
Phone: 416.304.0800
www.detourgold.com
36