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.
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