Dakota Gold at H.C. Wainwright conference: richmond hill gains traction

At the H.C. Wainwright 28th Annual Global Investment Conference on September 14, 2026, Dakota Gold Corp. (DC) presented its plans for the Richmond Hill Gold Project in South Dakota. The company's Chief Financial Officer, Shawn Campbell, emphasized that the project offers a rare combination of scale, infrastructure, and lower geopolitical risk. Campbell explained that Richmond Hill is moving toward pre-feasibility and feasibility studies, with production expected in late 2029.

The project's resources are substantial, with 3.6 million ounces of measured and indicated resources across 170 million tons, and an additional 2.6 million ounces of inferred resources in 100 million tons. At current gold prices above $4,000 per ounce, the project's net present value could exceed $4 billion, compared to $1.6 billion at $2,350 gold. The all-in sustaining costs are projected to be less than $1,100 per ounce, resulting in a margin of more than $3,000 per ounce at current prices.

Dakota Gold reported $99 million in treasury, which is sufficient to fund the project through the shovel-ready stage without dilutive financing. The company's valuation is significantly lower than that of producing operations, with the market currently valuing it at $51 to $55 per ounce of reserves. Management highlighted that recent drilling and metallurgical results have reduced technical risk, with heap-leach recovery rates averaging 76% and breccia zone recoveries exceeding 90%.