Mining

Côte d’Ivoire: Doropo Gold Mine Could Produce 47 Tons over 10 Years (Feasibility Study)

Côte d’Ivoire: Doropo Gold Mine Could Produce 47 Tons over 10 Years (Feasibility Study)
Friday, 19 July 2024 18:12

Côte d'Ivoire launched three new gold mines since January 2023. Last year, the country produced 51 tonnes of gold and eyes 55 tonnes this year. More projects are being developed, and Ivorian gold output should increase in the coming years.

Centamin released a feasibility study for its Doropo gold project on July 18. The mine could produce 167,000 ounces of gold annually for a decade, totaling about 1.68 million ounces (47 tonnes),  against the 1.73 million ounces forecast in the feasibility study.

Most of the output will be produced in the first five years of activity, with an average of 207,000 ounces per year, or 1.03 million ounces overall.

The Doropo project should help increase Ivoirian gold production, and allow the country to remain a top producer in West Africa. Centamin plans to invest $373 million in the project, with a payback period of 2.1 years. 

"This study shows our confidence in Doropo's potential to become a commercially viable project, bringing significant investment and job opportunities to northeastern Côte d'Ivoire," said Martin Horgan, CEO of Centamin. 

At gold’s current price ($1,900 an ounce), Doropo has a net present value of $426 million and an internal rate of return of 34%.

While the development timeline for Doropo remains uncertain, Centamin plans to apply for a mining permit from the Ivorian authorities by September 2024. The company will secure financing and make a final investment decision only after receiving this permit.

Emiliano Tossou

On the same topic
• Didievi gold resources rise to 989,000 oz, up 119%.• Based on Blaffo Guetto deposit, below 1M oz target.• New drilling set for July to expand...
• TDB, TDF, and World Bank launch ASCENT to provide energy to 3 million people• Burn and Ignite Power sign first deals to deploy clean cooking and solar...
Namibia signed an MoU with U.S. firm NANO Nuclear to boost uranium processing. The deal adds the U.S. to Namibia’s talks with China and Russia on...
Hasetins plans to build a 12,000-ton rare earths plant in Nigeria’s Nasarawa State The $400 million investment raises questions over project...
Most Read
01

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
02

Lion Group to explore and exploit gold, copper, and manganese in Algeria Malaysian firm plans...

Algeria, Lion Group sign mining and metals investment deal
03

Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...

Six African Countries Rank Among Top Economies in 2025
04

Ucamwal plans three new funds in Côte d’Ivoire, including Halal and women-focused options Two...

United Capital to launch Islamic and women-focused funds in Côte d’Ivoire
05

• FAO and WFP list Sudan, Nigeria, DR Congo, and others as hunger hotspots through Oct. 2025• Armed ...

UN sounds alarm on rising food insecurity in eight African countries
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.