Dakota Gold Sees Richmond Hill Project as Long-Life U.S. Gold Mine

Dakota Gold is advancing its Richmond Hill gold project in South Dakota, which it believes can become a long-life U.S. gold mine with a projected 17-year mine life from measured and indicated resources.

The company reported $99 million in treasury, enough to fund the project through the shovel-ready stage without near-term dilutive financing.

Dakota Gold said its initial economic assessment showed a net present value of $1.6 billion at a gold price of $2,350 an ounce, with capital spending below $400 million.