IN BRIEF: Resolute Mining approves final investment decision on Doropo
Resolute Mining Ltd - Perth, Australia-based and Africa-focused gold miner - Formally approves the final investment decision for its Doropo Gold Project in the Ivory Coast, "marking a transformational step towards construction and production." Says the positive FID underpins its goal of reaching annual gold production above 500,000 ounces by the end of 2028, and that it expects Doropo to become a cornerstone asset within its development pipeline. Says the FID follows the receipt of a mining permit, and the completion of "extensive" evaluations, which confirm Doropo's robust economics, technical viability, and alignment with Resolute's long-term growth strategy. Resolute expects Doropo's construction to start in the first half of this year, forecasting an initial mine life of around 13 years with potential opportunities for expansion. Notes its USD209 million net cash position, and says it will continue to evaluate all funding options as work on Doropo advances. Read More