DC Research | Milton Maxwell

Dakota Gold Corp.

5.52

-0.17-2.99%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

625.21M

P/E (TTM)

Basic EPS (TTM)

-0.25

Dividend Yield

Recent Filings

8-K

Auditor switch to Deloitte

11/21/25Nov 21, 2025

Dakota Gold Corp. dismissed Ernst & Young as its auditor and appointed Deloitte & Touche effective November 18, 2025, following an Audit Committee review. No audit disagreements or issues arose with EY on prior financials through 2024. Clean switch. EY concurs per its letter.

10-Q

Q3 FY2025 results

11/13/25Nov 13, 2025

Dakota Gold narrowed its Q3 operating loss to $10.9M from $10.2M y/y (derived), yet net loss widened slightly to $10.5M versus $10.1M as taxes flipped to expense; nine-month operating loss improved to $21.5M from $28.2M y/y (derived), driven by 30% lower exploration spend on reduced drilling while studies rose. Cash burn eased to $18.4M from $23.9M y/y, offset by $42.3M from equity raises including $32.7M offering. Cash hit $33.0M with $31.0M working capital, no debt. Options extended to 2028 for Richmond Hill and Homestake. Exploration stays risky.

8-K

ATM offering up to $50M

11/13/25Nov 13, 2025

Dakota Gold inked an at-the-market offering deal on November 13, 2025, with BMO Capital Markets, Canaccord Genuity, and H.C. Wainwright to sell up to $50 million in common stock over time. Sales agents earn up to 3.0% commission on gross proceeds. It's shelf-registered. Flexible funding, market-driven.

8-K

CEO employment formalized

11/12/25Nov 12, 2025

Dakota Gold formalized CEO Dr. Robert Quartermain's employment agreement on November 6, 2025, backdated to a one-year term starting August 19 with minimum US$312,000 base salary in CAD and 2022 Stock Incentive Plan eligibility. No severance beyond accrued benefits on any termination. CEO commits 60% time; covenants bind post-exit.

10-Q

Q2 FY2025 results

8/13/25Aug 13, 2025

Dakota Gold narrowed its Q2 operating loss to $6.9 million from $9.2 million a year earlier, thanks to lighter drilling at Richmond Hill while ramping up studies. Exploration costs dropped 22% year-over-year to $5.0 million, with general and administrative expenses halving to $1.9 million amid lower stock-based compensation. Cash burn eased to $8.6 million for the half, offset by $41.2 million in equity raises, boosting cash to $42.0 million and working capital to $39.7 million. No debt weighs on the balance sheet. Free cash flow not disclosed in the 10-Q. The Richmond Hill option extended to 2028 for modest annual payments. Yet exploration remains a high-risk bet on unproven reserves.

About

Dakota Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. The company primarily explores for gold deposits. It holds 100% interests in various mineral projects, including Blind Gold, City Creek, Cambrian Unconformity, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, and South Lead/Whistler Gulch properties consisting of 2,086 unpatented claims and a combination of surface leases and/or ownership covering a total of approximately 49,260 acres located in the Black Hills of South Dakota, as well as the Barrick Option property and the Richmond Hill Project. The company was incorporated in 2017 and is based in Lead, South Dakota.

CEO

Dr. Stephen T. O'Rourke

IPO

4/5/2022

Website

https://www.dakotagoldcorp.com

Employees

Sector

Basic Materials

Industry

Gold