Construction Begins at Côte d'Ivoire's Doropo Gold Mine with US$260 Million Financing Secured
en.Wedoany.com Reported - On October 28, Resolute Mining disclosed the third-quarter construction progress at the Doropo Gold Mine in Côte d'Ivoire. Concrete works have commenced at the project, while earthworks, contractor mobilization, and the awarding of contracts for major equipment and infrastructure continue to advance. Third-quarter capital expenditure at the project totaled US$52.9 million, and US$260 million in local credit financing has been secured, with construction progress and budget remaining on the established schedule.
During the third quarter, Doropo completed detailed earthworks design, additional contractors continued to mobilize on site, and the project workforce grew to more than 600 personnel. Resolute has continued to award engineering and equipment contracts, including for structural steel and plate fabrication. As of the end of September, approximately US$315 million in capital expenditure had been committed at the project, representing about 61% of the project's total capital expenditure of US$516 million.
Cumulative capital expenditure at Doropo for the first three quarters totaled US$93.1 million. Resolute drew approximately US$29.4 million during the third quarter under local financing arrangements and, after the quarter's end, completed the full US$260 million credit facility, with remaining funds to be drawn in tranches in line with the project's 2026–2027 capital expenditure schedule. The company is funding project construction through its existing balance sheet, operating cash flow, and local bank credit.
Doropo is located in northeastern Côte d'Ivoire, approximately 480 kilometers from Abidjan, and has now entered the construction phase. The project is designed to utilize multiple open pits and a carbon-in-leach processing plant, with the processing plant designed to handle approximately 4.9 million tonnes per annum of fresh ore. Resolute currently plans to commence pre-stripping in the second quarter of 2027 and to achieve first gold in the first half of 2028.
