Dakota Gold Is Funded Through Richmond Hill’s Shovel-Ready Stage | Robert Quartermain

Robert Quartermain, Co-Chair of Dakota Gold, joins Kitco Mining’s Paul Harris at the 2026 Mining Forum Americas to discuss the company’s plan to advance the Richmond Hill Gold Project in South Dakota toward production as soon as 2029.

Speaking on September 29, Quartermain said Dakota Gold had about $99 million on its balance sheet as of June, which management believes can carry the company through to a shovel-ready stage. “So that sees us what we consider all the way through to being shovel-ready,” he said.

Richmond Hill’s pre-feasibility study is targeted for Q4 2026, with a full feasibility study expected mid-2027. Quartermain said ongoing drilling and metallurgical work could support a larger operation than previously contemplated, while Dakota has already begun placing deposits on long-lead equipment to protect its development timeline.

The company expects an approximately 18-month permitting process and is targeting permits by the end of 2028. Quartermain also made clear that Dakota’s current strategy is to build Richmond Hill rather than sell at feasibility. “We've got the team to build it, we have the access to the capital to build it, and we'll move forward doing that,” he said.

To learn more about Dakota Gold, visit: https://dakotagoldcorp.com/

Sponsored content. This video was produced with support from a Kitco sponsor. Kitco does not endorse or recommend any company, security, investment product, or investment strategy. This content is for informational purposes only and should not be considered investment advice.

00:21 - Richmond Hill Targets 2029 Production
01:25 - $99M Balance Sheet and Path to Shovel-Ready
02:39 - Drilling, Metallurgy and Higher Recovery Zones
03:32 - Could Richmond Hill Scale to 60,000 TPD?
06:47 - Long-Lead Equipment Ordered Early
08:13 - Jack Henris Takes Over as CEO
09:35 - 18-Month Permitting Roadmap
11:51 - Silver Stream, Forward Sales and Debt Financing
13:10 - Maitland High-Grade Growth Potential
15:08 - Why Dakota Gold Wants to Build, Not Sell
17:15 - Q4 PFS, Mid-2027 FS and Key Catalysts
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