WHAT WOULD A NEW MINE IN THE HOMESTAKE DISTRICT MEAN FOR THE STATE OF SOUTH DAKOTA?
Dakota Gold currently controls a land position of over 46,000 acres that we are aggressively exploring for an economic gold deposit. As we continue to explore these areas, we have been repeatedly asked by communities and policy makers what future benefits they can expect if we are successful. To answer this, we recently commissioned an economic analysis prepared by economists at the University of South Dakota, which assesses benefits that the State could see from a mine on Dakota Gold’s Maitland property, located immediately north of the Homestake Mine. The model extrapolates gold reserves left behind when the Homestake Mine shut down to similar structures on our privately-owned Maitland property. According to the assessment, even a relatively small, underground, “starter” mine would create several hundred high-paying, stable jobs in the State of South Dakota, generate millions of dollars of direct revenue for the State coffers, and create billions of dollars of economic activity and reinvestment in South Dakota. We have included highlights from this report below to help our stakeholders understand why we believe that revitalization of the Homestake District is such an exciting opportunity.