Dakota Gold projects Richmond Hill costs of US$1,047 per ounce under M&I plan
DC•Dakota Gold’s measured-and-indicated plan for Richmond Hill forecasts 153,000 ounces of average annual gold production over a 17-year mine life, with all-in sustaining costs of US$1,047 per ounce and initial capital costs of US$384.1 million. It estimates an after-tax net present value of US$1.6 billion at a 5% discount rate and targets first production in 2029.
1. Richmond Hill estimates
Dakota Gold’s measured-and-indicated plan for Richmond Hill forecasts average annual gold production of 153,000 ounces over a 17-year mine life. It projects all-in sustaining costs of US$1,047 per ounce and initial capital costs of US$384.1 million, with an estimated after-tax net present value of US$1.6 billion at a 5% discount rate. The estimates assume gold at US$2,350 per ounce and silver at US$29 per ounce; the company targets first production in 2029.
