Canadian mining company Pasofino Gold has resumed development of the Dugbe gold project in Liberia, an investment estimated at $435 million. The firm announced that it will begin an Environmental and Social Impact Assessment (ESIA), a key step before launching full-scale operations.
According to company projections, the mine is expected to produce an average of 172,000 ounces of gold annually over a 14-year period.
The Dugbe project, which had stalled in recent years, was relaunched in 2025 under a new revitalization strategy. This included a revised feasibility study, updated agreements with its partner Hummingbird Resources, and a two-year budget of $25 million to move the project forward.
Under the existing mining agreement signed in 2019, Liberia will benefit from a 10% free stake, a 3% royalty on production, and a 25% tax on profits. The project is set to significantly boost the country’s mining sector, which is currently dominated by small-scale artisanal gold activities.
Pasofino’s next steps involve completing the ESIA and finalizing an updated feasibility study, after which a decision on full-scale construction and development will be made.
