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Resolute Mining ( (AU:RSG) ) just unveiled an update.
Resolute Mining Limited has announced the acquisition of the Doropo and ABC Gold Projects in Côte d’Ivoire from AngloGold Ashanti for $150 million. This strategic acquisition is expected to enhance Resolute’s portfolio by adding a high-quality, near-term production asset in a stable mining jurisdiction. The Doropo Project, which is at the definitive feasibility study stage, is anticipated to significantly boost Resolute’s annual gold production to over 500,000 ounces, complementing its existing operations. The acquisition is seen as a pivotal move to diversify and strengthen Resolute’s production profile, with the company planning to optimize and de-risk the project further. The development of Doropo is expected to be funded through existing liquidity and external debt facilities, with first production slated for mid-2028. This move aligns with Resolute’s strategy to grow as a leading gold producer in Africa, offering substantial value creation for stakeholders.
More about Resolute Mining
Resolute Mining Limited is a company operating in the gold mining industry, primarily focusing on the exploration and production of gold. The company has a significant presence in Africa, with existing operations at the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal. Resolute aims to become a diversified leading gold producer in Africa, leveraging its exploration and production capabilities.
YTD Price Performance: 55.00%
Average Trading Volume: 15,898
Technical Sentiment Signal: Sell
Current Market Cap: $677.4M
For a thorough assessment of RSG stock, go to TipRanks’ Stock Analysis page.