Published: May 1, 2025 |

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Resolute Mining Limited has signed an agreement to acquire the Doropo and ABC gold projects, located in Côte d’Ivoire, from AngloGold Ashanti for $150 million, as well as a royalty and milestone payment over the ABC Project and the transfer of Resolute’s Guinean exploration permits, to AngloGold.

Resolute said it has secured what it believes is an outstanding opportunity in acquiring the Doropo Project. It said it puts the company on an exciting pathway over the next three years to increase annual gold production. Once in production the Doropo Project will complement Resolute’s existing operations, the Syama Mine in Mali and the Mako Mine in Senegal and will add future revenue diversification from Cote d’Ivoire.

“This transaction ensures we maintain our focus on disciplined capital allocation and driving efficiencies from our existing portfolio. It also ensures these projects are in good hands, to benefit all stakeholders,” said AngloGold Ashanti CEO Alberto Calderon.

“This acquisition marks an exciting new chapter for Resolute. We believe it is a highly accretive transaction that provides a foundation for future value creation for all stakeholders. The Doropo and ABC Projects present a compelling opportunity to diversify and increase our production profile in the near term to more than 500koz, harnessing our existing exploration presence in Côte d’Ivoire. The incorporation of a third mining jurisdiction to our portfolio is a pivotal moment, and a firm indication that the company has repositioned itself for growth,” said Resolute’s Managing Director and CEO, Chris Eger.

“As part of the Doropo acquisition, we are excited to be inheriting a very capable and dedicated in-country team who will be crucial to progressing Doropo into production. Our next steps will be to finish permitting, supplement our projects team, and initiate a review of the project in conjunction with the front-end engineering and design process. Following this we expect a final investment decision to be made by the end of this year,” added Eger.

“We are confident that we can leverage Resolute’s long African heritage, and the current management team’s skill set to develop Doropo into a top-class, high-quality gold mine, as we have done before. Doing so will create significant value not only for the country and the local community but importantly for all our stakeholders,” concluded Eger.

Resolute Mining is an African-focused gold miner with more than 30 years of experience as an explorer, developer and operator of ten gold mines which have produced more than 9.0Moz of gold. It currently owns two producing gold mines: the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal. Resolute is also active in exploration with drilling campaigns underway across its African tenements with a focus on Mali, Senegal, and Guinea.

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