Dakota Gold Corp. DC
Dakota Gold Corp. was incorporated as JR Resources Corp. ("JR") on November 15, 2017 under the Business Corporations Act (British Columbia, Canada). The Company focuses its business efforts on the acquisition, exploration, and development of mineral properties in the United States of America ("U.S."). On May 22, 2020, the Company completed the domestication process and changed its registration from the Province of British Columbia, Canada to the State of Nevada, including a name change to "Dakota Gold Corp." On March 31, 2022, the Company completed a merger with Dakota Territory Resource Corp., a Nevada corporation ("Dakota Territory" or "DTRC"). On May 14, 2024, following the receipt of approval by its shareholders, the Company changed its state of incorporation from the State of Nevada to the State of Delaware. The Company currently operates in one segment, mineral exploration and evaluation in the United States.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| SG&A | $9.8M | $10.6M | $9.7M | — | $23.9M | $1.8M | — |
| Total operating expenses | — | $34.3M | $38.0M | — | — | — | — |
| Operating income | -$30.8M | -$34.3M | -$38.0M | — | -$31.3M | -$2.1M | — |
| Interest expense | — | $137.5K | $0 | — | $0 | — | — |
| Pre-tax income | -$29.6M | -$33.9M | -$37.7M | — | -$31.4M | $25.1M | — |
| Income tax | $63.0K | $7.8K | $1.2M | — | $5.7M | — | — |
| Net income | -$29.5M | -$33.9M | -$36.4M | — | -$12.6M | $26.0M | — |
| EPS, basic | -0.27 | -0.37 | -0.47 | — | -0.35 | — | — |
| EPS, diluted | -0.27 | -0.37 | -0.47 | — | -0.35 | 1.12 | — |
| Shares, diluted (wtd. avg.) | 108.9M | 90.9M | 78.3M | — | 35.6M | 23.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $29.7M | $9.4M | $25.5M | $23.9M | $41.4M | $11.4M | $141.8K |
| Receivables | — | — | — | $107.4K | $94.8K | $0 | — |
| Total current assets | $30.4M | $9.9M | $26.2M | $24.6M | $41.9M | $11.8M | — |
| Property, plant and equipment | — | $2.2M | $2.3M | $1.3M | $1.2M | $870.7K | — |
| Total assets | $115.9M | $95.4M | $108.2M | $105.0M | $120.1M | $70.6M | — |
| Accounts payable | $2.9M | $2.6M | $4.4M | $2.5M | $2.5M | $3.0K | — |
| Total current liabilities | $3.0M | $2.7M | $4.5M | $2.5M | $2.5M | $1.8M | — |
| Total liabilities | $3.3M | $3.2M | $4.7M | $3.8M | $6.3M | $11.6M | — |
| Retained earnings | -$106.1M | -$76.5M | -$42.7M | -$6.2M | $13.1M | $25.7M | — |
| Total equity | $112.5M | $92.2M | $103.5M | $101.2M | $113.8M | $59.0M | $761.6K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$25.4M | -$31.5M | -$31.3M | — | -$9.9M | -$2.2M | — |
| Depreciation and amortisation | $198.8K | $255.0K | $302.1K | — | $134.0K | $17.3K | — |
| Capital expenditure | $196.4K | $143.4K | $1.1M | — | $492.3K | $879.2K | — |
| Investing cash flow | -$381.8K | -$573.6K | -$1.7M | — | -$9.2M | -$4.7M | — |
| Financing cash flow | $46.1M | $15.9M | $34.6M | — | $49.0M | $18.2M | — |
| Dividends paid | — | — | — | — | $0 | $4.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-034576.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Net income | — | $26.0M | -$12.6M | — | -$36.4M | -$33.9M | -$29.5M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Item 5.02
- Other event Item 8.01
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Other event Item 8.01
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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