The FID clears the way for construction to begin, following completion of technical, economic, environmental, and social studies, as well as the granting of a mining permit by the Côte d’Ivoire 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 Chris Eger, MD and CEO of Resolute Mining.
According to the December 2025 definitive feasibility study, Doropo is expected to have an initial mine life of about 13 years and produce approximately 2.2-million ounces of gold over its lifetime.
Mining Weekly reports that annual production is forecast at 169,000 oz/y, rising to 204,000 oz/y during the first five years. Initial capital expenditure is estimated at $516 million, with life-of-mine all-in sustaining costs projected at $1,472/oz
The project is expected togenerate post-tax free cash flow of $318 million 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 construction will proceed from a strong balance sheet with $209 million net cash as at December 31, 2025, while funding options continue to be assessed.
Resolute Mining’s African footprint
Resolute Mining currently operates two producing gold mines in Africa – Syama in Mali and Mako in Senegal, while the Doropo project in Côte d’Ivoire has been approved for development but is not yet producing.
The Syama Gold Mine in Mali includes the Syama Underground Mine, Tabakoroni Complex, and satellite pits, with Resolute holding 80% and the Government of Mali 20%.
The Mako Gold Mine in eastern Senegal has near-mine satellite deposits for potential life extension, with Resolute holding 90% and the Government of Senegal 10%.
In Côte d’Ivoire, Resolute is developing the Doropo gold project and controls the ABC Project, a greenfield site with 2.16 million ounces of inferred resources across three permits along the Sassandra Fault.
The company also has exploration projects in Guinea (Niagassola, Siguiri-Kouroussa, and Kourouba JV) and in Senegal (Tomboronkoto, Bantaco, Laminia) aimed at extending Mako’s mine life.
Important growth milestone for Resolute
The Doropo project builds on Resolute’s African footprint, joining Syama Gold Mine in Mali and Mako Gold Mine in Senegal.
Both mines are key contributors to the company’s strategy of continental diversification, and Doropo is expected to provide significant benefits to Côte d’Ivoire, including job creation, local supplier engagement, and revenue generation.
Industry analysts note that the Doropo project signals confidence in West Africa’s gold potential, positioning Resolute as a major African-focused gold producer.
Source: Africabusinessinsider