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Detour Gold digs in against Paulson & Co threat

The board of Toronto-based miner Detour Gold (TSX:DGC) has committed to improve on the operational performance of its flagship Detour Lake mine, in north-eastern Ontario, in response to pressure from one of its largest shareholders.

Detour Gold digs in against Paulson & Co threat Detour Gold digs in against Paulson & Co threat Detour Gold digs in against Paulson & Co threat Detour Gold digs in against Paulson & Co threat Detour Gold digs in against Paulson & Co threat

Detour Lake in Ontario

In a statement Wednesday, chairman Alex Morrison reiterated his confidence in the company's executive team, led by former chairperson and interim CEO Michael Kenyon and new COO Frazer Bourchier. 

Morrison however, held back from addressing issues raised by hedge-fund billionaire John Paulson in a letter to the board last week.

Bloomberg News reported Paulson & Co, which holds a 5.4% stake in Detour, was among a grou...

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