AngloGold Ashanti has finalised the sale of two gold assets in Côte d’Ivoire to Australia-based Resolute Mining as part of its strategy to concentrate on core operations in the United States.
The Doropo and Archean-Birimian Contact (ABC) gold projects, which AngloGold indirectly acquired through its 2024 acquisition of Centamin West Africa Holdings, were sold for a combined total of US$185 million. Resolute acquired the Doropo project for US$175 million and the ABC exploration project for US$10 million.
“This move reinforces our commitment to disciplined capital allocation and ensuring we derive maximum value from our core portfolio,” said AngloGold CEO Alberto Calderon. He added that transferring the projects to a company with deeper African operations like Resolute was a sound strategic choice.
Resolute Mining, which already runs producing gold mines in Mali and Senegal and has exploration activities across West Africa, is viewed as well-positioned to develop the Ivorian projects. The deal was completed unconditionally on May 30.
The Doropo project, located in northeastern Côte d’Ivoire, spans seven permits covering 1,850 square kilometres and includes 13 identified gold deposits. A definitive feasibility study for Doropo was completed in 2024, and the site has received environmental approvals, including an official permit granted in June 2024.
The ABC project, about 460 kilometres west of Doropo, comprises three exploration permits in a geologically promising area. Key to the project is the Lolosso gold corridor—a 30-kilometre-long mineralised zone within the Kona permit.
In a related transaction, AngloGold will acquire Toro Gold Guinée Sarlu, a Resolute subsidiary that holds the Mansala project in Guinea, neighbouring AngloGold’s Siguiri operations. However, this acquisition is contingent on various conditions, including permit renewals and approval from Guinea’s authorities. If unmet within 18 months, the acquisition will be nullified.
The sale follows a turbulent 2024 for Resolute, which included a US$160 million tax settlement with Mali’s government after senior executives were briefly detained over alleged unpaid taxes. The final instalment of that settlement was paid by the end of December 2024.
