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Resolute Mining on Thursday said Ivory Coast’s Council of Ministers had granted the company a permit to mine the Doropo gold prospect. The mining permit covers 400 square kilometres and is valid for 14 years, with the option for an extension, Resolute said. It signals ‘the final governmental approval’ needed to launch the project. An official presidential decree is expected in the weeks after the council’s meeting, and the company’s final investment decision is due ‘shortly’. The Perth, Australia-based company targeting West Africa framed the regulatory win as a step towards ‘further opportunities for expansion’ in the region, where it aims to be ‘a leading multi-asset gold producer’. Resolute is eyeing annual gold production above the 500,000-ounce mark by the end of 2028. The goal is to start construction of Doropo in the first half of 2026, and hit first gold in the first half of 2028. According to Resolute’s definitive feasibility study, the project’s net present value after tax is $2.5 billion, assuming a gold price of $4,000 per ounce. Last month, Resolute guided gold production for 2026 as a whole ranging from 250,000 to 275,000 ounces, at an all-in sustaining cost of $2,000 to $2,200 per ounce. Besides Doropo, the company has interest in the Ivory Coast’s ABC prospect, plus two sites in Senegal, one in Mali and one in Guinea. In Chief Executive Chris Eger’s view, Doropo has ‘extremely strong economics’ and ‘significant upside potential.’ ‘We are excited by the company’s path to becoming a highly diversified gold producer across multiple assets and countries,’ Eger said. Resolute Mining shares were down 1.5% at 66.80 pence on Thursday afternoon in London. The stock has mote than tripled in value over the past year. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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