Resolute Mining, a leading Africa-focused gold mining company, has recently obtained a mining permit for the Doropo Gold Project from the Council of Ministers in CĂ´te d’Ivoire. This significant milestone marks a crucial step towards Resolute Mining’s goal of becoming a prominent multi-asset gold producer in West Africa.
The mining permit, which is valid for 14 years with the potential for extensions, paves the way for Resolute Mining to commence the development and operation of the Doropo Gold Project. This approval serves as the final governmental endorsement required for the project to move forward, with an official Presidential Decree expected in the coming weeks.
Situated in CĂ´te d’Ivoire’s Bounkani Region, approximately 480km north-east of Abidjan and 50km north of Bouna near the Burkina Faso border, the Doropo project covers an expansive area of 400km². It encompasses primary Doropo deposits as well as several mineralized trends that have undergone drill testing. Additionally, the permit area contains numerous unexplored soil geochemical anomalies and geophysical structures that present untapped exploration opportunities.
The development of the Doropo Gold Project aligns with Resolute’s strategic objective to increase annual gold production to over 500,000oz by the end of 2028. The mining permit award represents a crucial milestone in the progression towards making a final investment decision, which is anticipated in the near future.
Resolute Mining plans to leverage its existing financial resources to advance the Doropo project towards construction in the first half of 2026, with initial gold production expected in the first half of 2028. Chris Eger, the managing director and CEO of Resolute Mining, expressed his satisfaction with the mining permit award, highlighting the strong support received from local and government stakeholders.
Eger stated, âWe look forward to unlocking value for our stakeholders by progressing the Doropo Gold Project towards construction in H1 2026. The recent DFS outlined the extremely strong economics of the Doropo project with a post-tax project NPV5% (100% basis) of $2.5bn at a gold price assumption of $4,000/oz with significant upside potential.â
He added, âWe are excited by the companyâs path to becoming a highly diversified gold producer across multiple assets and countries. The addition of Doropo is a key part in being able to reach the target annual production of over 500,000oz per annum by the end of 2028.â
In conclusion, the securing of the mining permit for the Doropo Gold Project is a significant achievement for Resolute Mining, positioning the company for continued growth and success in the gold mining industry. The project’s development underscores Resolute Mining’s commitment to driving value for its stakeholders and solidifying its position as a key player in the West African gold mining sector.
This article was originally sourced from Mining Technology, a GlobalData owned brand, and has been rewritten for WordPress platform integration.
