Detour Gold (OTCPK:DRGDF) has been one of the best performing gold stocks this year, having soared 165% year-to-date.
The reason for this is the fact that the stock is coming off of an extremely depressed level - shares fell last year from nearly $12/share to under $3/share as the company's production costs at its Detour Gold Mine started coming in at a higher level than anticipated.
The "shoot first, ask questions later" mentality was clearly the wrong approach. As is often the case with newly producing mines, there were some inefficiencies and things ran less smoothly at first than the mine plan estimated. Considering that the company carries $500 million in debt associated with developing the mine, and...
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