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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information [Text Block]

NOTE 11 - Segment Information

Dakota Gold has organized its operations into one operating segment, which conducts exploration and evaluation of mineral properties and thus has 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 its 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 the Chief Executive Officer. Exploration and general and administrative expenses, which are reported on the income statement and reconciles to net loss therein, are the measures of loss used by the CODM to allocate resources to its 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 the CODM manages our segment, evaluates financial results, and makes key operating decisions.

 

The significant segment expenses for the Exploration and Evaluation operating segment that are regularly provided to the CODM are drilling and drilling related costs, study costs and labor. Within general and administration costs, the significant expenses are labor costs.

 

    Years Ended December 31,  
    2024     2023  
    $     $  
Exploration expenses            
Drilling and other directly related costs   15,449,982     18,113,225  
Studies   947,211     1,372,669  
Labor   3,801,820     4,470,243  
Other   3,508,149     4,389,315  
    23,707,162     28,345,452  
             
General and administrative expenses            
Labor   2,841,435     2,906,593  
Other   7,783,645     6,784,347  
    10,625,080     9,690,940  
Operating expenses   34,332,242     38,036,392