Detour Lake IPO raised $10M at $3.50/share in 2006 with $35M total funding from start, then Panton raised additional $60M in June 2008 at $16/share when gold hit $900/ounce, demonstrating how commodity price appreciation can drive equity fundraising at higher valuations and improve project economics.
factualpending
Speaker
Gerald PantonEvidence Quote
“I raised 4 million share at $16... so I rais $60 million”
Source
The Biggest Problem With Junior Mining, the Story of a Mine Builder, and a Different Copper Porphyry— Resource TalksCreated: 8/13/2026, 4:56:03 AM
My Notes
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