** Shares of Australia's Resolute Mining RSG.AX rise as much as 8.7% to A$1.19, their highest level since December 1
** Analysts at Macquarie increases target price for the gold miner by 7% to A$1.45 per share; reiterates "outperform" rating
** An updated definitive feasibility study $(DFS)$ on Monday at the company's Doropo gold project in Côte d'Ivoire showed larger project area and extended mine life of 13 years
** DFS showed life of mine gold production of 2.2Moz at an AISC of $1,406/oz
** Macquarie's net asset values for Doropo increases 51% to ~$1,085 million, after incorporating definitive feasibility study results
** Analysts on average rate the stock "buy"; their median PT is A$1.31, according to LSEG-compiled data
** Stock up ~184% this year, including the day's move
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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