In a major development for its West African portfolio, Resolute Mining has unveiled a significant gold discovery in Côte d’Ivoire, strengthening its position in one of the continent’s most prospective gold regions. The acquisition of the Doropo and ABC projects from AngloGold Ashanti marks not only a significant asset expansion but also a long-term commitment to the continent’s mineral-rich terrain.
Resolute Mining CEO Chris Eger visits Doropo after the acquisition announcement. Image courtesy of Government of Côte d’Ivoire.)
A West African Asset That Could Reshape Resolute’s Portfolio
The Doropo project brings in 1.88 million ounces (Moz) in gold reserves at an average grade of 1.53 g/t, backed by a definitive feasibility study (DFS) already in place. The DFS outlines an initial 10-year mine life, with expected output at 167,000 oz/year and an AISC of around US$1,047/oz—positioning it as one of the lowest-cost producers in West Africa.
Resolute has planned capital expenditure of US$373 million to bring Doropo into production, with full-scale construction anticipated after its Final Investment Decision (FID) in late 2025. The company has already secured environmental permits and will use a 4.2 Mtpa carbon-in-leach plant to process the ore.
Aerial drone shot of Doropo open-pit layout, northeast Côte d’Ivoire.
Source: Shutterstock
Unlocking Value: The ABC Project’s Exploration Upside
In addition to Doropo, Resolute now holds the promising ABC Project, which features an inferred resource of 2.16 Moz. Situated in the underexplored northern Sassandra Fault corridor, the project’s vast exploration area covers over 1,100 km², with early signs of a fertile gold system.
Financial Position: Strength & Strategy
Resolute’s acquisition was structured in three tranches: US$25 million upfront, followed by US$50 million after 18 months, and the remaining US$75 million over 30 months. With net cash of US$100 million and total liquidity of US$185 million at the end of Q1 2025, the company is not overleveraged and is strategically funding the development internally.
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Strengthening ESG & Community Commitments
Resolute isn’t just mining gold—it’s investing in people. The Doropo project is projected to create over 3,000 jobs during its life, support education initiatives, and help build healthcare infrastructure. The company is also conducting cultural heritage assessments in partnership with local communities to ensure respectful, inclusive development.
Locals at a health post near Doropo funded by Resolute Mining. (Image: Resolute Mining)
Beyond Côte d’Ivoire: A Diversified West African Footprint
Following its footprint in Mali’s Syama mine and Senegal’s Mako operation, Resolute Mining now extends its exploration reach across three key West African gold-producing countries, with the addition of Côte d’Ivoire. The strategic move into Côte d’Ivoire diversifies political exposure and provides a hedge against jurisdictional risk, all while tapping into one of Africa’s fastest-growing economies.
Insightful Angle: Is Resolute Chasing New Age Sovereignty?
Unlike traditional miners operating in silos, Resolute’s expansion signals a shift toward resource diplomacy—using gold assets not just for profit but to forge long-term relationships with host countries. Côte d’Ivoire, which has seen a surge in foreign investment post-pandemic, becomes a testing ground for what modern resource nationalism might look like—with Australian players at the centre.
Conclusion: Why This Matters for Mining & Markets
Resolute’s aggressive play in Côte d’Ivoire may reshape gold industry dynamics across West Africa. The company’s twin focus—Doropo’s near-term production and ABC’s long-term exploration—offers a sustainable growth narrative.
More than just a resource win, this signals Australia’s mining muscle expanding its influence into geopolitically stable, high-yield terrains. For investors, policymakers, and regional economies alike, this is a milestone with broad impact.
