FID for Resolute's 200 000 oz/y Doropo mine in Côte d’Ivoire
Chris Eger says the Doropo mine will play a key part in Resolute achieving its 500 000 oz/y target by the end of 2028.
Africa-focused gold miner Resolute Mining on Thursday announced a final investment decision (FID) to develop the Doropo gold project in Côte d’Ivoire, paving the way for construction to begin.
The FID follows completion of technical, economic, environmental and social studies, as well as the granting of a mining permit by Côte d’Ivoire’s Council of Ministers.
“This final investment decision represents an important growth milestone for Resolute that advances our strategy to become a diversified gold producer, on track to achieve annual production of over 500 000 oz by the end of 2028," said MD and CEO Chris Eger.
According to the December 2025 definitive feasibility study, Doropo is expected to have an initial mine life of about 13 years and produce about 2.2-million ounces of gold over the life of mine.
Production is expected to reach about 169 000 oz/y over the life of mine, with about 204 000 oz/y to be produced during the first five years.
Initial capital expenditure is estimated at about $516-million, while life-of-mine all-in sustaining costs are projected at $1 472/oz.
The project is expected to generate post-tax free cash flow of about $318-million over the life of mine and deliver a post-tax net present value of $2.54-billion at a 5% discount rate, based on a $4 000/oz gold price assumption.
Resolute said it would enter the construction phase from a strong balance sheet position, with net cash of $209-million as at December 31, 2025, while continuing to assess potential funding options as the project advances.
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