Dakota Gold Corp reports robust economics for Richmond Hill gold project.

Dakota Gold Corp. has reported a S-K 1300 Initial Assessment Technical Report for the Richmond Hill Oxide Heap Leach Gold Project in South Dakota. The report highlights the potential for a profitable, low-capital, open-pit gold heap leach operation with a measured and indicated production plan and a measured, indicated, and inferred plan. The report demonstrates robust economics for the project.

Dakota Gold Corp. (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, demonstrating robust economic potential. The report highlights a profitable, low-capital, open-pit gold heap leach operation with both a Measured & Indicated (M&I) plan and a Measured, Indicated, and Inferred (MI&I) plan.

At a base case gold price of $2,350 per ounce, the project showcases an after-tax NPV5% of $1.6 billion and an IRR of 55% for the M&I plan. The project features 168.3 million tonnes of ore at 0.566 g/t gold, producing 2.6 million ounces over a 17-year mine life. The initial capital requirement is $384 million, with All-in Sustaining Costs averaging $1,047 per ounce. The project targets production by 2029, with the feasibility study completion planned for early 2027 and construction in 2028 [1].

The report underscores the project's substantial scale and low-cost operations, with a significant margin at current gold prices approaching $3,350 per ounce. The project's economics improve dramatically under this scenario, with an NPV5% of $2.9 billion and an IRR of 99%. The project benefits from being primarily on previously mined, privately held land, which should streamline the permitting process. Major shareholder Orion Mine Finance has proposed up to $300 million in development funding [1].

The project's sensitivity analysis demonstrates resilience to potential cost increases or recovery rate decreases, maintaining strong economics even under less favorable scenarios. With $400 million in projected state severance taxes over the life of mine, this development represents a significant economic driver for South Dakota. The project's success could generate hundreds of high-paying jobs and contribute to a strong economy for the local community and state [1].

Lead, South Dakota—(Newsfile Corp. - July 7, 2025) - Dakota Gold Corp. ("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 [1].

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[1] https://www.stocktitan.net/news/DC/initial-assessment-with-cash-flow-demonstrates-robust-economics-for-d1ia4tzftyaq.html