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Dakota Gold Corp Announces Richmond Hill Project Upgrade

Story Highlights
  • Dakota Gold Corp extends property agreements to 2028 with annual payments.
  • Richmond Hill Project reveals 3.65 million ounces of gold resources, boosting production potential.
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Dakota Gold Corp Announces Richmond Hill Project Upgrade

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An announcement from Dakota Gold Corp ( (DC) ) is now available.

On February 3, 2025, Dakota Gold Corp entered into amendments extending the option agreements for acquiring properties in the Homestake District, South Dakota, until December 31, 2028, with annual payments totalling $510,000 starting in 2026. Additionally, Dakota Gold announced a significant upgrade in its Richmond Hill Gold Project, revealing a heap leachable gold resource of 3.65 million ounces of measured and indicated mineral resources. The project is positioned for near-term production with expected significant cash flow benefits, driven by increased resource confidence and ongoing feasibility studies.

More about Dakota Gold Corp

Dakota Gold Corp is a company operating in the mining industry, primarily focused on the exploration and development of gold resources. The company’s market focus includes the Richmond Hill Gold Project in the Homestake District, South Dakota, where they are targeting near-term production through heap leachable material.

YTD Price Performance: 4.76%

Average Trading Volume: 293,650

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $228.5M

For a thorough assessment of DC stock, go to TipRanks’ Stock Analysis page.

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