What's Happening?
Australian mining company Resolute Mining has announced plans to invest between $170 million and $190 million in the development of the Doropo gold project in Côte d’Ivoire by 2026. This investment is part
of the company's strategy to diversify its gold production across multiple assets and countries. The Doropo project, acquired from AngloGold Ashanti in May 2025, is expected to produce 170,000 ounces of gold annually over a 13-year period. Resolute Mining aims to reach a final investment decision by mid-2026, contingent on obtaining a mining permit from the Ivorian government. The project is expected to begin construction in 2027, with first gold production anticipated in the first half of 2028.
Why It's Important?
The investment in the Doropo project is significant for Resolute Mining as it seeks to expand its gold production capabilities and achieve an annual production target of over 500,000 ounces by the end of 2028. This move comes amid favorable conditions in the gold market, with prices reaching historic highs. The project is also expected to contribute to the growth of Côte d’Ivoire's gold sector, aligning with the country's goal to increase national gold production to 100 tons within the next decade. The development of the Doropo mine could enhance the economic landscape of the region and provide a boost to local employment and infrastructure.
What's Next?
Resolute Mining plans to finalize its investment decision by mid-2026, pending the acquisition of necessary permits. The company will focus on securing financing and preparing for the construction phase, which is expected to commence in 2027. The successful development of the Doropo project could position Resolute Mining as a leading diversified gold producer, while also supporting Côte d’Ivoire's ambitions to become a major player in the global gold market.
