Dakota Gold (DC) Mining Forum Americas 2026 summary

Market environment and strategic positioning

• Gold and silver prices are at all-time highs, creating a favorable environment for project advancement.

• Leadership team has a strong track record, with experience in building multiple successful mines.

• The project is located in the prolific Homestake District, with a history of significant gold production.

• Over 50,000 mineral acres secured, providing multiple future development opportunities.

• Raised $99 million in capital, enabling de-risking and strategic flexibility.

Project development and timeline

• Richmond Hill Gold Project is a simple heap leach operation with a clear path to production.

• Pre-Feasibility Study (PFS) expected in Q4 2026, Feasibility Study (FS) in 2027, permits in 2028, and production by end of 2029.

• Permitting process benefits from state and county jurisdiction, with baseline data collection already agreed upon.

• Construction and production timelines are supported by early capital raises and procurement of long lead-time items.

• Project is not greenfield, leveraging existing infrastructure and community familiarity with mining.

Resource and economic highlights

• Richmond Hill resource: 3.6 million ounces measured & indicated, 2.6 million ounces inferred.

• Initial Assessment (IA) at $2,350/oz gold price yields $1.6 billion NPV and 55% IRR.

• Annual production targeted at 153,000 ounces with AISC below $1,100/oz.

• Initial CapEx under $400 million, with potential for higher NPV at increased gold prices and recoveries.

• Ongoing drilling and metallurgical work aim to optimize early mine grades and recovery rates.