Resolute Mining commits up to $190m to advance Doropo gold mine in Côte d’Ivoire

Resolute Mining has announced a significant financial commitment to advance the Doropo gold project in northern Côte d’Ivoire, underscoring the company’s long term growth strategy in Africa. According to its latest quarterly report, Resolute plans to invest between 170 million dollars and 190 million dollars in 2026 to push the Doropo development toward full scale construction. This move positions Doropo as a cornerstone asset that is expected to become the company’s third producing gold mine on the continent, alongside its existing African operations.

The Doropo project was acquired from AngloGold Ashanti in May 2025 and has since progressed rapidly through technical and planning stages. A completed feasibility study outlines an average annual production target of approximately 170,000 ounces of gold over an estimated mine life of 13 years. The total capital investment required for the project is currently estimated at around 516 million dollars, reflecting the scale and complexity of developing a large, long life gold operation. Resolute has indicated that a final investment decision is targeted for mid 2026, subject to the approval of key regulatory permits, including the mining license from Ivorian authorities.

The planned 2026 development budget will be directed toward early construction and site establishment activities. These include major earthworks, the development of a construction camp, and the procurement of mining and processing equipment. Construction is expected to continue through 2027, with first gold production targeted for the first half of 2028. Resolute’s financial position supports this ambitious timeline, with the company reporting more than 320 million dollars in cash on hand and access to both local and international financing options. Strong gold prices throughout 2025 have also contributed to a reported 30 percent increase in revenue, providing additional balance sheet strength.

From a strategic perspective, Doropo plays a central role in Resolute Mining’s ambition to exceed 500,000 ounces of annual gold production by the end of 2028. At the national level, the project aligns closely with Côte d’Ivoire’s broader mining strategy, which aims to lift gold output to 100 tons per year within the next decade. As one of the country’s most advanced upcoming gold developments, Doropo is expected to stimulate regional economic activity, create employment, and attract further investment into the Ivorian gold sector. Its successful development could reinforce Côte d’Ivoire’s position as an increasingly important gold producing jurisdiction in West Africa, while contributing to sustainable growth across the wider mining industry.

Mini-Glossary

• Feasibility study: A detailed technical and economic assessment that evaluates whether a mining project can be developed profitably.
• Final investment decision (FID): A formal decision by a company’s board to proceed with full scale project construction.
• Earthworks: Large scale ground preparation activities, including excavation and land leveling, required before construction.
• Mine life: The estimated period over which a mine can operate economically based on current reserves and production plans.
• Capital expenditure: Funds used by a company to acquire, upgrade, or develop long term assets such as mines and equipment.

Editor: Vural Burç ÇAKIR