The sales of the metallurgical company for imitation (SMI) of the 4th quarter of 2024 was 232 million DH and recorded a decline compared to the same period of the previous year when it had reached 286 million DH.
This payment is mainly declared by a temporary decline in money production from the underground after surgical disorders, the company announced in a press release on its annual results. Over the year 2024, sales are 1.053 billion DH compared to 1.066 billion DH the previous year, with the increase in money courses that alleviate the effects of the production waste.
In total, the investments made in 2024 reached 212 million DH and marked an increase in 21% in the annual shift. These funds should support the SMI development plan. This persistent research and exploration program made it possible to identify new gem reserves and thus extend the life of the mine of more than two more years. In addition, the net debt at the end of 2024 was 28 million DH at -312 million compared to last year, in particular due to the distribution of the dividends.
