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CANADA’S NEXT
INTERMEDIATE
GOLD PRODUCER




    BMO Capital Markets
    22nd Global Metals and Mining Conference
    February 24-27, 2013
1
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 commissioning of
    the second production line, securing a $90 million credit facility, commencement of commercial production, completing a pre-
    feasibility study on Block A, reserve and resource estimates, ore grade, expected mine life, anticipated gold production, gold
    recovery, cash operating costs and other costs, capital costs, sensitivity to metal prices and other sensitivities, ramp-up of
    operations, future operating plans, potential expansion opportunities, and plans for organic growth. 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 2011 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 supply and demand for gold, and
    the level and volatility of the price of gold; the availability of financing for exploration and development activities; the estimated
    timeline for the development of the Detour Lake gold project; the expected mine life; anticipated gold production; gold
    recovery; the development schedule; cash operating costs and other costs; the financial analysis for the project; capital costs;
    sensitivity to metal prices and other sensitivities; the accuracy of reserve and resource estimates and the assumptions on
    which the reserve and resource estimates are based; the receipt of necessary permits; 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
NI-43 101 Disclosure
    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
Invest in Detour Gold
    Our Vision




    Focus and Discipline
     Leverage to gold price
     Optimize operation
     Organic growth
     Safe jurisdiction
    Per Share Value Creation
     Free cash flow growth
     Limit share dilution
     Return on capital


4
Share Capital
                                                                                               ISSUED AND
          C$2.5 B                                                                             OUTSTANDING
                                                                                                 117.9M
              MARKET CAP



        C$236 M                                                           FULLY DILUTED
                                                                              139.7 M
            CASH POSITION
              (YR-END)
                                                                                                 OPTIONS & FN SHARE
                                                                                                   COMMITMENTS

             TOP
         SHAREHOLDERS                                                              CONVERTIBLE
                                                                                                       8.8 M

                                                                                     NOTES
       PAULSON & CO: 15%
     CARMIGNAC GESTION: 5%                                                           13.0 M
    INSTITUTIONS TOTAL: >80%


    Note: Cash position at December 31, 2012 and share data at January 31, 2013.


5
Focused on One Core Asset
    Detour Lake - Ontario, Canada
     Low-risk, mining friendly
      jurisdiction
     Large prospective land
      package of 566 km2 on Abitibi
      Greenstone Belt
        In production: Detour Lake
          open pit mine
            15.6 M oz in reserves
        In progress: Block A pre-
         feasibility study
        Exploration: Targeting
         high-grade mineralization


6
From Core to Pour
            Record Timing from “Discovery” to Production
                  Detour Lake in 6 years
     2007            2009            2010       2011-12        2013


                                                                   PRODUCTION
                                                                   2013




    ACQUISITION   PRE-FEASIBILITY FEASIBILITY   DEVELOPMENT PRODUCTION
    /DISCOVERY    STUDY           STUDY &
                                  PERMITTING




7
Detour Lake Mine in 6 Years
    Consistently Delivered Results
       Focused on execution

       Built strong management team with track record of success

       Increased resource growth by 750% since acquisition at <$5/oz

       Completed positive economic studies over a 2-year period

       Raised over $2 billion while limiting share dilution

       Completed mine construction within time frame (27 months)
       Obtained strong community and Aboriginal support




8
2013 Objectives
    H1 2013
     First gold pour in February
     Commissioning of second production line
     Securing $90 million credit facility
     20,000 m drilling program targeting high-grade gold mineralization

    H2 2013
     Achieving commercial production
     Gold production target of +350,000 ounces for the year
     Completing pre-feasibility study on Block A
     Advancing evaluation of mine expansion scenarios
     Year-end mineral resources/reserves update


9
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:
          95% of workforce from region
          25% are Aboriginals                      WORKFORCE ORIGIN
          Scholarship and job training
      Supporting local communities                  COCHRANE   COCHRANE
                                                       AREA
                                                                   25%
          Business opportunities                       26%
          Participation in municipal development       NORTHERN
                                                                             REST OF
                                                                             ONTARIO
          Corporate philanthropy                        ONTARIO
                                                                                 3%
                                                          43%
                                                                           OTHER
                                                                            2%




10
Detour Lake Mine
                        Production Start            02/ 2013
                        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




11
Projected LOM Operating Costs
                                                             Breakdown of 2013-14 TCC
     Operating Costs (LOM) C$/t milled C$/t mined   C$/oz

     Mining costs             11.65      2.49       388
                                                                    LABOUR
     Processing cost           7.83       --        260              18%       POWER

     G&A                       1.86       --         62
                                                                               12%
                                                                                  DIESEL
     Cash operating costs     21.34       --        710     MAINTENANCE            8%
     Royalty (2%) and other    1.26       --         42       22%               G&A
     Refining                  0.12       --          4
                                                                                       5%
     Silver credit            (0.20)      --         (7)         CONSUMABLES       ROYALTY+
                                                                                      OTHER
     Total cash costs (TCC)   22.52       --        749               29%           (2% NSR)
                                                                                       6%
     A 10% change in:
     Diesel or power costs = $9/oz change in TCC
     Cdn$ FX rate = $63/oz in TCC



12
2013 Guidance
      Total production: 350,000 oz to
       400,000 oz of gold
      Post commercial production (Q3):
       Total cash costs of C$800/oz to
       C$900/oz based on 200,000 oz to
       250,000 oz sold
      Sustaining capital: C$180 M
       (<$80 M in H1)
      Commercial production target in Q3



     NOTE: Commercial production to be declared after 60
     consecutive days of operating at >75% of throughput
     (55,000 tpd x 75% = 41,250 tpd)



13
2013 Ramp Up
     Mining
      Current stockpile of 2.2 Mt @ 0.7 g/t)
      Mining rates to ~200,000 tpd by
       year-end
      Mining fleet of 20 haul trucks &
       4 shovels
     Processing Plant
      55,000 tpd conventional gravity and
       CIP processing plant with two
       production lines
      Line 1 in operation
      Line 2 start-up in March 2013
      Optimize and improve efficiencies


14
Mining Production


                                  NORTH WASTE
       MINERALIZED                   DUMP                           PLANT SITE
          ZONE




                                                                     CAMPBELL
                                                                        PIT



              CURRENT
              PIT SHAPE                         APPROX. PIT SHELL
                                                 AT END OF LOM



      Satellite image dated July 2012

15
Conventional Milling Process
      Mine Trucks


                 Primary Crusher
                 90,000 tpd                                                                     To
                                                                                                Gravity
                                                                                                Circuit
     Stockpile                                           SAG Mills (2)      Ball Mills (2)
                               Secondary Crushers (2)    55,000 tpd         55,000 tpd
                               67,000 tpd
                               Pebble Crushers (2)
                               73,000 tpd                                                       To
                                                                                                Gravity
                                                                                                Circuit


                                                                             CIP


 To                                                                                     Leach
                                                                Carbon
 Market                                                         Stripping
                                                                                             Tailings
                   Gold             Gold           Gold
                   Doré Bars       Furnace    Electrowinning

16
Organic Growth Opportunities
                                                          Inferred   M&I                 P&P
     Development                                 30M oz
      Grow reserve base to +20 M oz
         Complete Block A pre-feasibility
          study in 2013
         Evaluate Detour Lake expansion         20M oz

     Exploration
      Large prospective land position of                                         14.9
                                                                                         15.6

       566 km2
                                                                           11.4
         Test gold targets on structure south   10M oz
                                                                     8.8
          of Detour Lake: 20,000 m in H1




17
Development – Block A



      Block A
      Pre-feasibility




      Block A pre-feasibility study by year-end 2013
      Evaluate potential expansion options

     *TWD Technical Report dated July 2009.


18
Exploration – South Structure




                                           15.6 M oz in Reserves




                                                          20,000 m
                                                          in H1 2013


                               Existing DDH
                               Gold occurrence (OGS)
                               DDH intersection >1g/2m
                               DDH intersection >1g/10m

     *Note: Excludes drilling around Detour Lake and M zone (Block A).
19
Invest in Detour Gold
     Our Vision




     Focus and Discipline
      Leverage to gold price
      Optimize operation
      Organic growth
      Safe jurisdiction
     Per Share Value Creation
      Free cash flow growth
      Limit share dilution
      Return on capital


20
ADDITIONAL
INFORMATION
 21
Current Valuation vs. Peers
                                                                                                           Share of Au Reserves per
              Consensus P/NAV(1)                                EV / Reserves(1)(2)
                                                                                                                   $1000(1)(3)


          New Gold                        0.96x          New Gold                            $642     African Barrick                                    8.7


            AuRico                      0.87x              Alamos                    $351                     Detour                               6.1


             Osisko                   0.75x                 AuRico                $293                      Centerra                               6.0


            Alamos                    0.74x                 Osisko                $274                 Allied Nevada                               5.9


     African Barrick                  0.73x              IAMGOLD              $216                            Alacer                         4.9


             Detour               0.65x               Allied Nevada        $170                               Osisko                   3.8


             Alacer              0.62x                      Detour         $169                            IAMGOLD                     3.7


      Allied Nevada             0.57x                        Alacer        $166                              AuRico               2.9


          IAMGOLD              0.54x                      Centerra         $152                              Alamos              2.5


           Centerra           0.47x                 African Barrick     $88                                New Gold        1.6



 Source: Bloomberg, company filings, select Street Research
 Note: Market data updated to February 14, 2013.
 1. Alamos shown pro-forma Aurizon acquisition announced January 14, 2013.
 2. Shown based on gold only reserves on an attributable basis.
 3. Calculated as US$1,000 divided by fully diluted market capitalization multiplied by total attributable gold only reserves.



22
Detour Lake Profile
                                                                    Sept. 2012
     Detour Lake
                                                                    Mine Plan(3)
                     Gold price (US$/oz) (1)                            1,200
                     Foreign exchange rate (US$/Cdn$)                    1.00              Open pit
 Assumptions         Fuel price (US$/barrel)                             100               @ 0.5 g/t cut-off   20,600E
                     Income/mining tax rate (%)                         25/10
                     Net Smelter Royalty (%)                               2
                     Ore milled (Mt)                                    470.0
                     Waste mined (Mt) (4)                               1,734         16,500E
 Mine                Strip ratio (waste:ore)                              3.7
 Parameters          Avg. gold grade (g/t)                               1.03
                                                                                   700 m                       1.0 g/t Au
                     Total contained gold (M oz)                         15.6
                                                                                                               0.5 - 1.0 g/t Au
                     Estimated gold recovery (%)                         91.0
                                                                                                               <0.5 g/t Au
                     Total recovered gold (M oz)                         14.1
                     Mine life (years)                                   21.5
                     Avg. annual gold production (oz)                  657,000

     1.   US$1,600/oz for 2013, US$1,500/oz for 2014, and US$1,400/oz for 2015.
     2.   Press release Jan. 31, 2011 with Technical Report dated Mar. 15, 2011.
     3.   Press release Sept. 4, 2012 with Technical Report dated Oct. 18, 2012.
     4.   Includes low-grade stockpile.
23
Gold Production/Cost/Grade Profile
                                               Avg. C$749/oz                      Grade (g/t Au)
Gold Production (‘000 oz)
                                               Avg. 657,000 oz/yr   Total Cash Costs (C$/oz)
800                                                                                     900 1.6

700                                                                                    850 1.4

600                                                                                    800 1.2

500                                                                                    750 1.0

400                                                                                    700 0.8

300                                                                                    650 0.6

200                                                                                    600 0.4

100                                                                                    550 0.2

  0                                                                                    500    0


       Note: Excludes stripping adjustments.

  24
Detour Lake Reserves & Resources
     As at December 31, 2011

                                Tonnes            Grade         Contained Gold
     @ US$850/oz
                               (millions)          (g/t)           (‘000 oz)
     Reserves (1)
     Proven                       101.6             1.29                4,222
     Probable                     368.4             0.96               11,351
     P&P                          470.0             1.03               15,573
     Resources (2)
     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


     1.   After a 95% mining recovery rate; Mining dilution factor of 15.5%.
     2.   Inclusive of mineral reserves.




25
Detour Lake & Block A

Block A near-surface resource




    2012 DH
    2012 extension DH                            Detour Lake
   DH included in 2011 year-end       2011 year-end reserves = 15.6 M oz
   reserves
   DH not included in 2011 year-end
   reserves
    Historical DH




  26
Management & Directors
     Management
      Gerald Panneton               Pat Donovan                  Andrew Croal
         Founder, President & CEO     VP Corporate Development       Director Technical Services
         Director                    James Mavor                  Laurie Gaborit
      Michael Kenyon                  VP Finance                    Director Investor Relations
         Executive Chairman          Rachel Pineault              Jean-Francois Metail
      Paul Martin                     VP HR & Northern Affairs      Director Reserves and Resources
         CFO                         James Robertson              Greg Miazga
      Pierre Beaudoin                VP Environment &               Director Construction & Engineering
         Sr VP Capital Projects       Sustainability
                                                                   Bill Snelling
      Julie Galloway                Eric Josipovic                 Director Corporate Systems & Controls
         Sr VP General Counsel &      Controller
                                                                   Christian Brousseau
         Corporate Secretary         Drew Anwyll                    Project Manager
      Derek Teevan                   Director of Operations
         Sr VP External &                                          Patrik Gillerstedt
         Aboriginal Affairs                                          Mine Manager

     Directors
        Peter Crossgrove            Michael Kenyon               Jonathan Rubenstein
        Louis Dionne                Alex G. Morrison             Graham Wozniak
        Robert E. Doyle             Gerald Panneton
        Ingrid Hibbard
27
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




28

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Dgc 13 02_24-27_bmo metals and mining conference

  • 1. CANADA’S NEXT INTERMEDIATE GOLD PRODUCER BMO Capital Markets 22nd Global Metals and Mining Conference February 24-27, 2013 1
  • 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 commissioning of the second production line, securing a $90 million credit facility, commencement of commercial production, completing a pre- feasibility study on Block A, reserve and resource estimates, ore grade, expected mine life, anticipated gold production, gold recovery, cash operating costs and other costs, capital costs, sensitivity to metal prices and other sensitivities, ramp-up of operations, future operating plans, potential expansion opportunities, and plans for organic growth. 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 2011 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 supply and demand for gold, and the level and volatility of the price of gold; the availability of financing for exploration and development activities; the estimated timeline for the development of the Detour Lake gold project; the expected mine life; anticipated gold production; gold recovery; the development schedule; cash operating costs and other costs; the financial analysis for the project; capital costs; sensitivity to metal prices and other sensitivities; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; the receipt of necessary permits; 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. NI-43 101 Disclosure 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 Focus and Discipline  Leverage to gold price  Optimize operation  Organic growth  Safe jurisdiction Per Share Value Creation  Free cash flow growth  Limit share dilution  Return on capital 4
  • 5. Share Capital ISSUED AND C$2.5 B OUTSTANDING 117.9M MARKET CAP C$236 M FULLY DILUTED 139.7 M CASH POSITION (YR-END) OPTIONS & FN SHARE COMMITMENTS TOP SHAREHOLDERS CONVERTIBLE 8.8 M NOTES PAULSON & CO: 15% CARMIGNAC GESTION: 5% 13.0 M INSTITUTIONS TOTAL: >80% Note: Cash position at December 31, 2012 and share data at January 31, 2013. 5
  • 6. Focused on One Core Asset Detour Lake - Ontario, Canada  Low-risk, mining friendly jurisdiction  Large prospective land package of 566 km2 on Abitibi Greenstone Belt  In production: Detour Lake open pit mine  15.6 M oz in reserves  In progress: Block A pre- feasibility study  Exploration: Targeting high-grade mineralization 6
  • 7. From Core to Pour Record Timing from “Discovery” to Production Detour Lake in 6 years 2007 2009 2010 2011-12 2013 PRODUCTION 2013 ACQUISITION PRE-FEASIBILITY FEASIBILITY DEVELOPMENT PRODUCTION /DISCOVERY STUDY STUDY & PERMITTING 7
  • 8. Detour Lake Mine in 6 Years Consistently Delivered Results  Focused on execution  Built strong management team with track record of success  Increased resource growth by 750% since acquisition at <$5/oz  Completed positive economic studies over a 2-year period  Raised over $2 billion while limiting share dilution  Completed mine construction within time frame (27 months)  Obtained strong community and Aboriginal support 8
  • 9. 2013 Objectives H1 2013  First gold pour in February  Commissioning of second production line  Securing $90 million credit facility  20,000 m drilling program targeting high-grade gold mineralization H2 2013  Achieving commercial production  Gold production target of +350,000 ounces for the year  Completing pre-feasibility study on Block A  Advancing evaluation of mine expansion scenarios  Year-end mineral resources/reserves update 9
  • 10. Corporate Responsibility Focus on health and safety of our employees, the well-being of our community and the protection of the natural environment  Hiring in the region, giving priority to local Aboriginal communities:  95% of workforce from region  25% are Aboriginals WORKFORCE ORIGIN  Scholarship and job training  Supporting local communities COCHRANE COCHRANE AREA 25%  Business opportunities 26%  Participation in municipal development NORTHERN REST OF ONTARIO  Corporate philanthropy ONTARIO 3% 43% OTHER 2% 10
  • 11. Detour Lake Mine Production Start 02/ 2013 OP reserves (M oz) 15.6 Mill throughput (tpd) 55,000 Strip ratio (waste:ore) 3.7 Gold recoveries 91% Average grade (g/t) 1.03 Estimated mine life (yrs) 21.5 Avg. production (oz/yr) 657,000 Initial capex (C$ B) 1.5 Sustaining capex (C$ B) 1.2 11
  • 12. Projected LOM Operating Costs Breakdown of 2013-14 TCC Operating Costs (LOM) C$/t milled C$/t mined C$/oz Mining costs 11.65 2.49 388 LABOUR Processing cost 7.83 -- 260 18% POWER G&A 1.86 -- 62 12% DIESEL Cash operating costs 21.34 -- 710 MAINTENANCE 8% Royalty (2%) and other 1.26 -- 42 22% G&A Refining 0.12 -- 4 5% Silver credit (0.20) -- (7) CONSUMABLES ROYALTY+ OTHER Total cash costs (TCC) 22.52 -- 749 29% (2% NSR) 6% A 10% change in: Diesel or power costs = $9/oz change in TCC Cdn$ FX rate = $63/oz in TCC 12
  • 13. 2013 Guidance  Total production: 350,000 oz to 400,000 oz of gold  Post commercial production (Q3): Total cash costs of C$800/oz to C$900/oz based on 200,000 oz to 250,000 oz sold  Sustaining capital: C$180 M (<$80 M in H1)  Commercial production target in Q3 NOTE: Commercial production to be declared after 60 consecutive days of operating at >75% of throughput (55,000 tpd x 75% = 41,250 tpd) 13
  • 14. 2013 Ramp Up Mining  Current stockpile of 2.2 Mt @ 0.7 g/t)  Mining rates to ~200,000 tpd by year-end  Mining fleet of 20 haul trucks & 4 shovels Processing Plant  55,000 tpd conventional gravity and CIP processing plant with two production lines  Line 1 in operation  Line 2 start-up in March 2013  Optimize and improve efficiencies 14
  • 15. Mining Production NORTH WASTE MINERALIZED DUMP PLANT SITE ZONE CAMPBELL PIT CURRENT PIT SHAPE APPROX. PIT SHELL AT END OF LOM Satellite image dated July 2012 15
  • 16. Conventional Milling Process Mine Trucks Primary Crusher 90,000 tpd To Gravity Circuit Stockpile SAG Mills (2) Ball Mills (2) Secondary Crushers (2) 55,000 tpd 55,000 tpd 67,000 tpd Pebble Crushers (2) 73,000 tpd To Gravity Circuit CIP To Leach Carbon Market Stripping Tailings Gold Gold Gold Doré Bars Furnace Electrowinning 16
  • 17. Organic Growth Opportunities Inferred M&I P&P Development 30M oz  Grow reserve base to +20 M oz  Complete Block A pre-feasibility study in 2013  Evaluate Detour Lake expansion 20M oz Exploration  Large prospective land position of 14.9 15.6 566 km2 11.4  Test gold targets on structure south 10M oz 8.8 of Detour Lake: 20,000 m in H1 17
  • 18. Development – Block A Block A Pre-feasibility  Block A pre-feasibility study by year-end 2013  Evaluate potential expansion options *TWD Technical Report dated July 2009. 18
  • 19. Exploration – South Structure 15.6 M oz in Reserves 20,000 m in H1 2013 Existing DDH Gold occurrence (OGS) DDH intersection >1g/2m DDH intersection >1g/10m *Note: Excludes drilling around Detour Lake and M zone (Block A). 19
  • 20. Invest in Detour Gold Our Vision Focus and Discipline  Leverage to gold price  Optimize operation  Organic growth  Safe jurisdiction Per Share Value Creation  Free cash flow growth  Limit share dilution  Return on capital 20
  • 22. Current Valuation vs. Peers Share of Au Reserves per Consensus P/NAV(1) EV / Reserves(1)(2) $1000(1)(3) New Gold 0.96x New Gold $642 African Barrick 8.7 AuRico 0.87x Alamos $351 Detour 6.1 Osisko 0.75x AuRico $293 Centerra 6.0 Alamos 0.74x Osisko $274 Allied Nevada 5.9 African Barrick 0.73x IAMGOLD $216 Alacer 4.9 Detour 0.65x Allied Nevada $170 Osisko 3.8 Alacer 0.62x Detour $169 IAMGOLD 3.7 Allied Nevada 0.57x Alacer $166 AuRico 2.9 IAMGOLD 0.54x Centerra $152 Alamos 2.5 Centerra 0.47x African Barrick $88 New Gold 1.6 Source: Bloomberg, company filings, select Street Research Note: Market data updated to February 14, 2013. 1. Alamos shown pro-forma Aurizon acquisition announced January 14, 2013. 2. Shown based on gold only reserves on an attributable basis. 3. Calculated as US$1,000 divided by fully diluted market capitalization multiplied by total attributable gold only reserves. 22
  • 23. Detour Lake Profile Sept. 2012 Detour Lake Mine Plan(3) Gold price (US$/oz) (1) 1,200 Foreign exchange rate (US$/Cdn$) 1.00 Open pit Assumptions Fuel price (US$/barrel) 100 @ 0.5 g/t cut-off 20,600E Income/mining tax rate (%) 25/10 Net Smelter Royalty (%) 2 Ore milled (Mt) 470.0 Waste mined (Mt) (4) 1,734 16,500E Mine Strip ratio (waste:ore) 3.7 Parameters Avg. gold grade (g/t) 1.03 700 m 1.0 g/t Au Total contained gold (M oz) 15.6 0.5 - 1.0 g/t Au Estimated gold recovery (%) 91.0 <0.5 g/t Au Total recovered gold (M oz) 14.1 Mine life (years) 21.5 Avg. annual gold production (oz) 657,000 1. US$1,600/oz for 2013, US$1,500/oz for 2014, and US$1,400/oz for 2015. 2. Press release Jan. 31, 2011 with Technical Report dated Mar. 15, 2011. 3. Press release Sept. 4, 2012 with Technical Report dated Oct. 18, 2012. 4. Includes low-grade stockpile. 23
  • 24. Gold Production/Cost/Grade Profile Avg. C$749/oz Grade (g/t Au) Gold Production (‘000 oz) Avg. 657,000 oz/yr Total Cash Costs (C$/oz) 800 900 1.6 700 850 1.4 600 800 1.2 500 750 1.0 400 700 0.8 300 650 0.6 200 600 0.4 100 550 0.2 0 500 0 Note: Excludes stripping adjustments. 24
  • 25. Detour Lake Reserves & Resources As at December 31, 2011 Tonnes Grade Contained Gold @ US$850/oz (millions) (g/t) (‘000 oz) Reserves (1) Proven 101.6 1.29 4,222 Probable 368.4 0.96 11,351 P&P 470.0 1.03 15,573 Resources (2) 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 1. After a 95% mining recovery rate; Mining dilution factor of 15.5%. 2. Inclusive of mineral reserves. 25
  • 26. Detour Lake & Block A Block A near-surface resource 2012 DH 2012 extension DH Detour Lake DH included in 2011 year-end 2011 year-end reserves = 15.6 M oz reserves DH not included in 2011 year-end reserves Historical DH 26
  • 27. Management & Directors Management  Gerald Panneton  Pat Donovan  Andrew Croal Founder, President & CEO VP Corporate Development Director Technical Services Director  James Mavor  Laurie Gaborit  Michael Kenyon VP Finance Director Investor Relations Executive Chairman  Rachel Pineault  Jean-Francois Metail  Paul Martin VP HR & Northern Affairs Director Reserves and Resources CFO  James Robertson  Greg Miazga  Pierre Beaudoin VP Environment & Director Construction & Engineering Sr VP Capital Projects Sustainability  Bill Snelling  Julie Galloway  Eric Josipovic Director Corporate Systems & Controls Sr VP General Counsel & Controller  Christian Brousseau Corporate Secretary  Drew Anwyll Project Manager  Derek Teevan Director of Operations Sr VP External &  Patrik Gillerstedt Aboriginal Affairs Mine Manager Directors  Peter Crossgrove  Michael Kenyon  Jonathan Rubenstein  Louis Dionne  Alex G. Morrison  Graham Wozniak  Robert E. Doyle  Gerald Panneton  Ingrid Hibbard 27
  • 28. 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 28