LSE-listed Resolute Mining, the Africa-focused gold miner, has formally approved the Final Investment Decision (FID) for its Doropo Gold Project in Côte d'Ivoire, marking a transformational step towards construction and production.
Reaching a positive FID on Doropo advances Resolute's goal of becoming a leading multi-asset gold producer in West Africa. This milestone underpins the Company's strategy to grow annual gold production above 500 koz by the end of 2028 and validates the Company's commitment to disciplined growth and generating shareholder value.
The decision follows the completion of extensive technical, economic, environmental, and social evaluations, as well as receipt of the mining permit from the Council of Ministers in Côte d'Ivoire, confirming the Project's robust economics, technical viability, and alignment with the Company's long-term growth strategy. The Project is expected to become a cornerstone asset within the Company's development pipeline, with construction due to commence in H1 2026.
The development of Doropo supports production over an initial mine life of approximately 13 years, with potential opportunities for expansion and value creation throughout the region.
Chris Eger, CEO commented: "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 koz by the end of 2028. This decision reflects the quality of the Doropo Gold Project, the robustness of our technical work, and our confidence in the operating environment. We expect the Project to generate significant shareholder value whilst delivering enduring benefits to host communities and national partners."
