Feasibility study confirms strong prospects at gold project in Côte d’Ivoire
Resolute is pleased to announce the updated study for Doropo in Côte d’Ivoire, which demonstrates enhanced project economics including average production of approximately 170koz gold per annum over 13 years, with total production at 2.2Moz gold.
Highlights include:
- Post-tax NPV5% of US$1.46bn at US$3,000/oz gold price
- 170koz/yr Au over 13 year mine life at US$1,406/oz AISC
- Total gold production of 2.2Moz
CEO Chris Eger commented: “This update confirms the outstanding economics of the Doropo Gold Project which is poised to become another high-quality gold mine in West Africa. Doropo is a high-margin, long-life gold mine that will significantly strengthen Resolute’s operating portfolio, increasing group production to over 500koz per annum from 2028 and adding another jurisdiction to our production profile.
“In addition to the value Doropo will add to Resolute and its shareholders we anticipate the Project will provide major benefits to the local communities and Côte d’Ivoire. In our US$3,000/oz base case we expect to contribute more than US$420M in government royalties and social fund payments over the Project’s current life. Beyond these direct financial benefits, the Project will also create significant employment opportunities, with a peak construction workforce of over 1500 personnel and over 400 employees during operations.
“We have spent significant time in Cote D’Ivoire, since the acquisition, meeting stakeholders and the Minister of Mines has reaffirmed the government’s commitment to deliver our Mining License by early 2026, if not before. Our November meeting in Abidjan was highly productive, and we remain confident in the collaborative relationship we have built with the Ivorian authorities. Receipt of the permit will let us to proceed with FID and financing, keeping us on track for construction to begin in H1 2026.”
