• Resolute Mining plans to lift annual gold output to 500,000 ounces by 2028, up from a 2025 target of 275,000–285,000 ounces.

• The Doropo project in Côte d’Ivoire should produce about 170,000 ounces a year over 13 years at a capital cost of $516 million.

• Resolute acquired Doropo from AngloGold Ashanti for $175 million and aims to start construction in the first half of 2026.

In May, Resolute Mining announced the acquisition of the Doropo gold project from AngloGold Ashanti for $175 million in Côte d’Ivoire. The company said it aimed to optimize the project’s financial parameters to advance it toward construction.

Resolute Mining aims to increase its total gold production to 500,000 ounces per year by 2028. The company currently targets production of between 275,000 and 285,000 ounces in 2025. Resolute made the announcement on Monday, December 15, in an updated feasibility study for the Doropo project. The Australian miner plans to bring Doropo into production by that date as its third gold mine in West Africa.

Resolute currently operates the Syama gold mine in Mali and the Mako mine in Senegal. Doropo will complement this asset base by the end of 2027. Resolute acquired the project from AngloGold Ashanti in May. The updated feasibility study describes a mine capable of producing about 170,000 ounces of gold per year over a 13-year life. The project carries an estimated capital cost of $516 million. Production should average 204,000 ounces per year during the first five years of operation.

“This update confirms the excellent profitability of the Doropo gold project, which is on track to become another high-quality gold mine in West Africa,” the company said in the document. “Doropo is a high-margin, long-life gold mine that will significantly strengthen Resolute’s operating portfolio, lifting group production to more than 500,000 ounces per year from 2028 and adding a new jurisdiction to our production profile,” it added.

The company has identified the next step as advancing Doropo to the construction phase in the first half of 2026. Resolute plans to use existing cash flows to support early works, including preliminary engineering studies and project team build-up. At the same time, the company said it continues to explore available financing options to fund construction. Resolute plans to publish a comprehensive funding strategy in the coming months ahead of a final investment decision.

These development efforts coincide with a sustained rise in gold prices, which have increased by about 60% since the start of 2025. Resolute already benefits from this price environment through production from Syama and Mako. The two mines produced a combined 211,317 ounces of gold between January and September.

This article was initially published in French by Aurel Sèdjro Houenou

Adapted in English by Ange Jason Quenum