Australia-based miner Resolute Mining has approved the final investment decision (FID) for its Doropo gold project in Côte d’Ivoire, marking the company’s third African development, as reported by Business Insider Africa.
The Doropo project, located in the Bounkani Region, is projected to operate for about 13 years, with total expected production of roughly 2.2 million ounces of gold. Initial annual output is estimated between 169,000 and 204,000 ounces during the first five years, supported by robust economics outlined in an updated definitive feasibility study.
Capital expenditure for the project is estimated at approximately $516 million, positioning Doropo as a key asset in Resolute Mining’s strategy to grow total annual production above 500,000 ounces by 2028. The mine is expected to contribute significantly to the company’s West African portfolio alongside the Syama mine in Mali and Mako mine in Senegal.
The development underscores growing international investment in West Africa’s gold sector and highlights Côte d’Ivoire as an emerging destination for mining capital and resource development, Mining Weekly noted.
Image Credit: mining.com.au
