Business
Dakota Gold: Initial Assessment with Cash Flow Demonstrates Robust Economics for Richmond Hill
Lead, South Dakota--(Newsfile Corp. - July 7, 2025) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to report its S-K 1300 I
About this update from Dakota Gold Corp.
[{"type":"text","content":" Lead, South Dakota--(Newsfile Corp. - July 7, 2025) - Dakota Gold Corp. (NYSE American: DC) (\"Dakota Gold\" or the \"Company\") is pleased to report its S-K 1300 Initial Assessment Technical Report with economic analysis (\"S-K 1300 Initial Assessment with Cash Flow\", \"IACF\" or \"Report\") for the Richmond Hill Oxide Heap Leach Gold Project (\"Richmond Hill\" or \"Project\") in South Dakota. The IACF was prepared for a Measured and Indicated production plan (\"M&I plan\") as well as a Measured, Indicated and Inferred plan (\"MI&I plan\"). The IACF highlights the potential for a profitable, technically straightforward, low capital, open pit, gold heap leach operation at Richmond Hill. IACF Highlights: Richmond Hill is one of the largest development stage oxide gold resources in the United States: M&I plan identifies 168.3 million tonnes at a grade of 0.566 grams per tonne gold (\"g/t Au\") for a total of 2.6 million ounces produced over a 17-year life of mine. MI&I plan identifies 273.7 million tonnes at a grade of 0.530 g/t Au for a total of 3.9 million ounces produced over a 28-year life of mine. Strong Economics: At a base case gold price of $2,350 per ounce, the project has an after tax NPV5% of $1.6 billion and IRR of 55% for the M&I plan, and $2.1 billion and 59% respectively for the MI&I plan. At recent metal prices of $3,350 the NPV5%'s increase to $2.9 billion and IRR of 99% and $3.7 billion and 107%, respectively. Low-Cost: Initial Capital of $384 million, including $53 million contingency, with life of mine All-in Sustaining Costs (\"AISC\") averaging $1,047 for M&I plan and $1,050 for MI&I plan. Feasibility Underway: Building on the robust IACF, work has commenced on the Feasibility Study planned for completion in early 2027, construction in 2028 and production targeted for 2029. Resource Expansion Opportunities: A 24,384 meter (~80,000 feet) drill campaign underway to target higher grade areas for initial mining and the conversion of resources from inferred to the measured and indicated categories. Dr. Robert Quartermain, Co-Chair, Director and CEO of Dakota Gold said, \"Delivering this robust IACF on the back of our heap leach resource announced four months ago in February, speaks to the quality of our Project and our teams' capabilities. This is a very positive outcome for Dakot...