AngloGold Ashanti has completed the sale of its two gold projects in Côte d’Ivoire to Australia-based Resolute Mining in a transaction valued at $175 million. The deal, which officially closed on 1 May 2025, marks a significant step in AngloGold’s strategy to concentrate its investments in the United States and Guinea, while streamlining its portfolio by divesting non-core assets in West Africa. The transaction transfers ownership of the Doropo and Archean-Birimian Contact (ABC) projects—two major ventures acquired during AngloGold’s 2024 acquisition of Centamin plc.
The Doropo project, located in northeastern Côte d’Ivoire, is an advanced-stage asset with 1.9 million ounces of proven reserves. While the project is still awaiting a mining license, feasibility studies point to strong long-term potential, projecting an annual gold output of 167,000 ounces over a ten-year mine life. The ABC project, situated in the northwest of the country, is still in the exploration phase and contains an estimated 1.6 million ounces of inferred resources.
Resolute Mining has agreed to pay for the assets in structured phases. An initial $25 million was paid at the time of closing, with a second installment of $50 million due after 18 months, and a final $75 million payment scheduled 30 months after closing. Additionally, the agreement includes a conditional $25 million payment—or the transfer of Resolute’s Mansala Project in Guinea—should regulatory approvals in Guinea be secured within 18 months. The ABC project also includes a performance-based payment of $10 million, contingent on the confirmation of a one-million-ounce reserve, and a 2 percent royalty on future production from the site.
Commenting on the divestment, AngloGold CEO Alberto Calderon reaffirmed the company’s focus on disciplined capital allocation, explaining that the decision ensures these assets will now be developed by a company with the “operational focus and financial capacity” to unlock their full potential. For Resolute, the acquisition forms part of a broader growth strategy across West Africa. Already operating successful gold mines in Mali and Senegal, the company is well-positioned to advance Doropo and ABC, leveraging its deep regional expertise and infrastructure.
This transaction is also reflective of wider industry trends, with global miners increasingly reallocating capital to high-priority jurisdictions. AngloGold is sharpening its focus on the U.S. and Guinea, where its Siguiri mine remains a flagship operation. The company is particularly interested in integrating the Mansala Project—currently owned by Resolute—as a supplemental ore source for Siguiri. However, the transfer of this asset depends on the timely approval of exploration permits and regulatory conditions in Guinea.
For Resolute, the acquisition of Doropo and ABC represents a strategic expansion that complements its existing regional portfolio. The two assets add both short-term development and long-term exploration value, positioning the company for continued growth in one of Africa’s most prospective mining regions.
As the dust settles on the agreement, both companies emerge with sharper strategic focus. AngloGold strengthens its core regional operations, while Resolute accelerates its West African ambitions. What remains to be seen is how swiftly regulatory matters in Guinea unfold—developments that could further shape the future of these assets and their contribution to regional gold production..