Africa-focused gold miner Resolute Mining has announced formal approval of the final investment decision (FID) for the Doropo Gold Project in Côte d’Ivoire.
This paves the way for the commencement of construction and subsequent production at the site.
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Resolute aims to increase its annual output to more than 500,000oz of gold by the end of 2028.
The approval comes after comprehensive technical, economic, environmental and social assessments.
Located in the Bounkani Region, the Doropo Gold Project is situated around 480km north-east of Abidjan and 50km north of Bouna, close to the Burkina Faso border.
Last month, the project received a mining permit from the Council of Ministers in Côte d’Ivoire, affirming its economic and technical feasibility.
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By GlobalDataConstruction is set to begin in the first half of 2026.
The Doropo Gold Project is expected to have an initial mine life of roughly 13 years, with potential for future expansion and increased value in the region.
As Resolute moves forward into the construction phase, it does so in a strong financial position, reporting a net cash balance of $209m (A$292.54m) as of 31 December 2025.
The company will continue to explore various funding avenues to maintain financial flexibility amid changing market conditions, while identifying further growth opportunities.
Resolute Mining managing director and CEO Chris Eger said: “This FID 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 500,000oz 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.”
