Resolute Mining’s push to become a 500,000 ounce-plus per annum gold producer has been given a boost following a key approval overnight.
The Chris Eger-led goldminer told the market on Thursday a positive final investment decision at its Doropo gold project in Côte d’Ivoire had been approved, with construction expected to begin by the middle of the calendar year.
“This decision reflects the quality of the Doropo gold project, the robustness of our technical work, and our confidence in the operating environment,” Mr Eger said.
“We expect the project to generate significant shareholder value whilst delivering enduring benefits to host communities and national partners.”
Shareholders were advised earlier this month that Resolute was close to pushing the button on Doropo, located 480km North East of Abidjan, following a decision by Côte d’Ivoire’s council of ministers to award a mining permit for the project.
As of December 31 2025, Resolute said it had a net cash position of US$209 million, which it said would assist it during construction – although while the project advances, it would continue to explore a variety of funding alternatives.
Resolute is targeting first gold during the first half of CY28, with an average production of 169,000oz across its 13-year life of mine timeframe.
The multi-asset goldminer produced 277,236oz gold during CY25, which was down from 339,869oz.
In CY26, Resolute has set an annual production guidance of 250,000-275,000oz across its assets in Mali, Senegal and Côte d’Ivoire.
Aside from this target, the goldminer is moving towards a full ramp-up of activities at its Syama sulphide conversation project in Mali later this year.
Late last year, the company said it was taking proactive steps to address supply chain-related in issues in Mali, although said operations at its Syama gold mine were operating with "minimal disruption", despite stating the situation in the country remained unpracticable.
Resolute last traded at $1.37, down 6 per cent as of 12.14pm AWST.
