Dakota Gold Corp. Stock Price, News & Analysis

Dakota Gold Corp. (NYSE: DC) provided updates on its Richmond Hill Heap Leach Oxide Gold Project and Maitland Gold Project. For Richmond Hill, the company has initiated a 2025 drill campaign with two drills, planning to complete ~80,000 feet of drilling. An Initial Assessment with Cash Flow (IACF) is expected mid-2025, followed by a Feasibility Study in early 2027.

The company has $47 million in cash as of March 31, 2025, following recent financing. Richmond Hill is positioned as one of the largest undeveloped oxide gold resources in the US. At Maitland, work is underway to outline an initial inferred gold resource, with the JB Gold Zone showing average grades of 10.76 g/t Au over 4.0 meters and the Unionville Zone averaging 4 g/t Au over 6.4 meters.

Dakota Gold (NYSE American: DC) announces significant leadership changes effective June 1, 2025. Jack Henris will become President and COO, replacing retiring Gerald Aberle, who remains on the Board. The company appointed Todd Kenner and Kevin Puil as new Board Directors, while Amy Koenig transitions from Board Director to Senior VP, Chief Legal Officer and Corporate Secretary. These changes align with Dakota Gold's evolution from exploration to development and production, particularly for its Richmond Hill Heap Leach Gold Project. Henris brings extensive heap leach and underground operations experience, Kenner contributes engineering expertise from growing RESPEC to $142M revenue, and Puil adds 25 years of resource investment experience. The restructuring strengthens the company's leadership as it advances its gold projects in the Homestake District.

Dakota Gold Corp. (NYSE American: DC) has successfully completed a $35 million underwritten common stock offering, bringing its total cash position to over $47 million before expenses. The company is now fully funded through the completion of the Feasibility Study for its Richmond Hill Oxide Heap Leach Gold Project.

Following this financing, Dakota Gold will suspend its at-the-market equity program. The company has outlined key milestones including: the Richmond Hill Initial Assessment with Cash Flow targeted for mid-2025, a full Feasibility Study expected by mid-2026, and potential production as early as 2029. Drilling operations at Richmond Hill will commence on April 1, 2025, focusing on infill drilling and collecting metallurgical samples.

Additionally, at the Maitland Gold Project, the company is initiating a review of drilling data to outline initial resources for both the JB Gold Zone and Unionville Zone, providing long-term high-grade potential in the Homestake District.

Dakota Gold Corp. (NYSE American: DC) has announced the pricing of its public offering of 12.4 million shares of common stock, expected to close around March 24, 2025. The offering will generate gross proceeds of approximately $35 million, potentially reaching $40 million if underwriters exercise their 30-day option to purchase up to 1.86 million additional shares.

BMO Capital Markets leads as book-running manager, with Canaccord Genuity as book-running manager and CIBC Capital Markets, RBC Capital Markets, Scotiabank, and Agentis Capital Markets Partnership serving as co-managers. The company plans to use the net proceeds for working capital and general corporate purposes.

Dakota Gold Corp (NYSE American: DC) has announced a public offering of 12,400,000 shares of its common stock in the United States. The offering will be led by BMO Capital Markets as part of an underwriting syndicate.

The company plans to use the net proceeds for working capital and general corporate purposes. The underwriters will have a 30-day option to purchase up to an additional 1,860,000 shares, representing 15% of the initial offering.

The offering is being made through the company's effective shelf registration statement on Form S-3, with a prospectus and related supplement that meets Securities Act requirements. Documents are available through the SEC's website or directly from BMO Capital Markets.

Dakota Gold Corp. (NYSE American: DC) has announced significant heap leachable gold resources at its Richmond Hill Project in South Dakota, totaling 3.65 million ounces of measured and indicated mineral resources. The resource includes both oxide and transition materials, with an additional 2.61 million ounces in the inferred category.

The project's mineralization is shallow, with portions exposed at or near surface. The company plans to advance the project through economic studies to Feasibility, targeting commercial production by 2029. The resource remains open to expansion in the north and southeast areas, with drilling planned for 2025.

Barrick Gold has extended the option period for both Richmond Hill and Homestake options until December 31, 2028, requiring additional annual payments. Dakota Gold has contracted with multiple firms to conduct engineering and metallurgical studies, with an Initial Assessment with Cash Flow planned for mid-2025.

Dakota Gold Corp (NYSE American: DC) has announced it will release a new S-K 1300 Initial Assessment for its Richmond Hill Oxide Heap Leach Gold Project in South Dakota on February 6, 2025, after market close. The company will host a webcast conference call on Friday, February 7, 2025, at 11am Eastern / 9am Mountain / 8am Pacific to discuss the report and mineral resource assessment.

Interested parties can join the conference call through the provided webcast link or by calling USA/Canada Toll Free at 1-844-763-8274 or International Toll at +1-647-484-8814.

Dakota Gold Corp. (NYSE American: DC) has announced final results from 24 drill holes at its Richmond Hill Gold Project, completing a program initiated in November 2023. The results will be incorporated into an updated S-K 1300 Initial Assessment in Q1 2025. Notable intersections include 2.22 g/t Au over 50.0 meters and 3.30 g/t Au over 11.8 meters.

The current maiden resource includes 1.33 million ounces in Indicated Resources at 0.80 g/t Au and 1.13 million ounces in Inferred Resources at 0.61 g/t Au. The company reports that the Richmond Hill resource shell remains open in all directions, with potential for significant growth through additional drilling and metallurgical improvements.

Dakota Gold Corp. (NYSE American: DC) announces significant drilling results at its Maitland Gold Project, nearly doubling the known strike-length of Homestake iron-formation hosted gold mineralization. The company's 2024 drill program has identified four distinct ledges with high-grade gold intercepts, generating 49 intercepts from 73 holes at an average grade of 10.11 g/t Au over 3.8 meters. Key highlights include step-out drill hole MA24C-058 intersecting 28.10 g/t Au over 0.8 meters, located 710 meters northwest of the JB Gold Zone discovery. The mineralized ledges now extend to 1,646 meters and remain open along strike and depth.