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Dakota Gold Corp.
Dakota Gold Corp. is exploring the 40M-oz Homestake gold district in South Dakota under CEO Jonathan Awde.
Dakota Gold Corp.
Dakota Gold Corp. was formed in 2017 and restructured ahead of its 2022 NYSE American listing. The firm is led by President and CEO Jonathan Awde alongside Co-Chairman Robert Quartermain, who previously founded and built Pretium Resources in British Columbia. The company's core asset is the Homestake Mine property in Lead, South Dakota — the site of the largest gold mine in North American history — which it controls through a long-term lease agreement with Barrick Gold. Dakota Gold is a pure-play exploration and development company focused on gold and associated minerals. Its strategy centers on brownfield and greenfield drilling across two major trends: the Homestake District, anchored by the legacy mine, and the Richmond Hill District. By consolidating swaths of underexplored land adjacent to known mineralization, the company is hunting for both high-grade underground deposits and bulk-tonnage open-pit opportunities. A 2024 Phase 1 drilling program at Richmond Hill specifically targeted near-surface oxide gold mineralization, with assays designed to support a maiden resource estimate. The firm operates from Lead, South Dakota, with its technical team executing one of the largest drill campaigns in the state's modern history. In September 2023, Dakota Gold published an updated S-K 1300 compliant resource for the Homestake area, outlining roughly 1.1 million ounces of indicated gold and 1.4 million ounces of inferred gold across multiple zones. In April 2024, the company announced a strategic shift by acquiring the remaining interest in the Richmond Hill project, simplifying ownership and unlocking a standalone development path (per the firm, April 2024). Dakota Gold's structural position relies on land aggregation in a state where large-scale gold mining had been dormant for two decades. By securing a contiguous, district-scale claim block atop existing infrastructure and historical data, the company operates less like a grassroots prospector and more like a consolidator targeting known physical gold systems. Its relationship with Barrick Gold, a 16% shareholder, further distinguishes its access to historical data and regional exploration insights.
General information
Firm type
other
Year founded
2017
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Lead
Corporate office
Lead, South Dakota, United States
Principals
Jonathan Awde
President, CEO & Director
Robert Quartermain
Co-Chairman of the Board
Sector focus
Frequently asked questions
Who runs investment and operational decisions at Dakota Gold Corp.?
President and CEO Jonathan Awde directs the company's strategy, supported by Co-Chairman Robert Quartermain, whose history includes founding Pretium Resources. The board and technical teams in South Dakota execute the exploration programs.
What is Dakota Gold's relationship with Barrick Gold?
Barrick Gold is a significant shareholder, holding approximately 16% of Dakota Gold's stock. The companies also have a long-term lease arrangement covering the Homestake Mine property. Barrick's historical involvement dates to the 2001 merger with Homestake Mining Company.
Does Dakota Gold produce gold today, or is it an exploration company?
Dakota Gold is an exploration-stage company. It does not currently produce gold. The firm is engaged in drilling and resource definition at Homestake and Richmond Hill, with the goal of advancing properties toward future development and production decisions.
How is Dakota Gold funded for ongoing exploration?
As a publicly traded NYSE American company, Dakota Gold raises capital through equity markets. Its shares trade under the ticker DC. The firm ended 2023 with cash on hand, but ongoing drill programs will require future capital raises or strategic partnerships.
Where does Dakota Gold operate geographically?
All of Dakota Gold's current operations and property holdings are in the Black Hills region of South Dakota, specifically within Lawrence County. The company holds approximately 40,000 acres across the Homestake and Richmond Hill gold trends.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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