Resolute Mining (ASX: RSG) has found a significant gold deposit at its Doropo asset in northeastern Côte d’Ivoire, near the Burkina Faso border.
Doropo is one of two assets the company acquired from AngloGold Ashanti (JSE: ANG, NYSE: AU) in May.
Chief executive officer Chris Eger announced this week that mine construction will begin in the first quarter of 2026 and it will take about two years. The total investment is expected to reach 300 billion CFA francs ($530 million). Resolute also plans to invest a further $204 million in gold exploration across the country.
The announcement was sparse on details and didn’t appear to be matched by a new statement of discovery from the company.
Operations at Doropo are slated to begin in 2028. The mine is expected to run for over 20 years and generate more than 3,000 direct jobs. Previous owner Centamin, acquired by AngloGold last year, had projected annual production at 167,000 ounces, with all-in sustaining costs of $1,047 per ounce over a decade.
Prime Minister Robert Beugré Mambé welcomed the discovery, calling it a “strategic breakthrough” that can help Côte d’Ivoire become a leading mining nation. Mambé noted Doropo deposit is considered one of the most promising gold projects in West Africa.
Local officials expressed hope that the project will bring lasting benefits to the region, including infrastructure upgrades such as school construction and hospital improvements.
The Bounkani region, where Doropo is located, is the poorest in the country, with 71% of its population living on about 1,000 CFA francs ($1.76) per day as of 2021, according to the National Statistics Agency. Illegal gold mining remains a serious challenge in the area.
Not the first
In 2024, Montage Gold (TSX-V: MAU) announced it would start building a mine at another world-class gold deposit in the departments of Kani and Dianra. Known as the Koné project, current proven and probable reserves at the site are estimated at 174.3 million tonnes grading 0.72 grams per tonne gold, equating to just over 4 million ounces of gold. Production is scheduled to start in 2027.
Despite its potential, Côte d’Ivoire still lags behind the main gold producers on the continent, including Ghana, South Africa, Mali and Burkina Faso.
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