v3.26.1
Segment Information
6 Months Ended
Jun. 30, 2026
Segment Information  
Segment Information

NOTE 10 - Segment Information

We have organized our operations into one operating segment, which conducts exploration and evaluation of mineral properties and thus have identified one reportable segment: Exploration and Evaluation. In determining the reportable segment, management evaluated the basis of organization of the Company, including that all of the entity’s business activities are focused on acquisition, exploration, and development of mineral properties in the same geographic location and the Company manages the business activities on a consolidated basis. The Company has not yet derived any revenues, and the Company’s costs are mainly derived from the same activities on our properties. Additionally, all the mineral properties have similar discovery and permitting processes, as well as expected shared future facilities and gold exploration targets.

Dakota Gold’s chief operating decision maker (“CODM”) is our chief executive officer (“CEO”). Exploration and general and administrative expenses, which are reported on the consolidated statements of operations and comprehensive loss and reconciles to net loss therein, are the measures of loss used by the CODM to allocate resources to our exploration and evaluation activities, and the CODM monitors budget versus actual results to assess the performance of the segment. The CODM also reviews expenditures for any capital or long-lived asset acquisitions, which are included in the statement of cash flows. Total segment assets are reported on the balance sheet. Segment information is prepared on the same basis that the CODM manages our segment, evaluates financial results, and makes key operating decisions.

The significant segment expenses regularly provided to the CODM are as follows:

Three Months ended June 30,

 

Six Months ended June 30,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

$

$

 

$

$

Exploration expenses

  ​

 

  ​

  ​

 

Drilling and other directly related costs

2,878,996

3,057,646

7,005,976

3,324,925

Studies

1,840,701

455,627

2,574,898

798,578

Labor

1,165,301

878,096

2,326,680

1,953,612

Other

620,317

627,237

1,115,250

854,720

6,505,315

5,018,606

13,022,804

6,931,835

General and administrative expenses

  ​

  ​

  ​

Labor

768,234

816,518

1,689,376

1,255,805

Other

1,960,695

1,038,702

3,507,631

2,500,283

2,728,929

1,855,220

5,197,007

3,756,088

Operating expenses

9,234,244

6,873,826

18,219,811

10,687,923