Dakota Gold Corp. Stock Price, News & Analysis

Dakota Gold (NYSE American: DC) has released its S-K 1300 Initial Assessment Technical Report for the Richmond Hill Oxide Heap Leach Gold Project in South Dakota, revealing robust economics. At a base case gold price of $2,350/oz, the project demonstrates an after-tax NPV5% of $1.6 billion and IRR of 55% for the Measured & Indicated plan.

The project features 168.3 million tonnes at 0.566 g/t Au grade, producing 2.6 million ounces over a 17-year mine life. Initial capital requirement is $384 million, with All-in Sustaining Costs averaging $1,047 per ounce. The company targets production by 2029, with feasibility study completion planned for early 2027 and construction in 2028.

Dakota Gold (NYSE American: DC) has announced it will release the S-K 1300 Initial Assessment Technical Report with economic analysis for its Richmond Hill Oxide Heap Leach Gold Project in South Dakota on July 7, 2025 after market close.

The company will host a webcast conference call on July 8, 2025 at 11:00 AM ET to discuss the report findings. Investors can access the call via webcast or by dialing 1-844-763-8274 (USA/Canada) or +1-647-484-8814 (International).

Dakota Gold Corp. (NYSE American: DC) has released its 2024 Sustainability Report, highlighting the company's transition from exploration to development at the Richmond Hill Gold Project in South Dakota. The report details the company's ESG strategy, practices, risk management, and oversight.

Key achievements include four years without a lost time incident and zero reportable environmental incidents since drilling began in early 2022. The report aims to provide transparency to stakeholders, including shareholders, government representatives, and local communities regarding the company's operations in the Homestake District.

Dakota Gold Corp (NYSE American: DC) reports promising initial results from its 2025 Richmond Hill Oxide Heap Leach Gold Project drill campaign. Notable intersections include 1.94 g/t Au over 60.0 meters in hole RH25C-164. The company has completed 56 holes (30% of campaign) with 19 drill hole assay results received. Two drills are currently operating, with plans to complete 24,384 meters using both Reverse Circulation and Core drilling. The campaign, which began April 1, 2025, focuses on metallurgical testing, infill drilling, and resource expansion. The project, one of the largest undeveloped oxide gold resources in the US, is fully financed with $47 million cash balance. A Feasibility Study is expected in early 2027, with an Initial Assessment with Cash Flow planned for mid-2025.

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.