Resolute Likely to Rely Less on External Financing for Doropo -- Market Talk

Dow Jones
01/23

2347 GMT - Resolute Mining's stronger balance sheet means it will likely need to rely less on external financing to support its Doropo gold development in Ivory Coast, reckons Macquarie. Resolute had US$209 million of cash and bullion at the end of December. That was up some US$143 million on how it finished 2024. This jump reflects the bull run by the gold price. "On our re-calibrated production and cost outlook, we anticipate a more modest need for external financing to fund the US$516 million of Doropo growth capital," says Macquarie. It now expects peak debt of US$100 million, compared with US$360 million before, to provide a working capital buffer. Macquarie retains an outperform call on Resolute. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

January 22, 2026 18:48 ET (23:48 GMT)

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