The Managem Group used the assessment of metal lessons during the past exercise. The annual consolidated turnover is 8.86 billion DH, growth of annual shift by 18%.
“This service is brought by the assessment of metal prices: gold (+19%), silver (+14%), copper (+12%) and zinc (+10%) and the increase in copper sales volume from the pumpi and gold project from Sudan,” said the company in a press release on its annual results. “This growth is part of a context that is characterized by the strong decline in cobalt prices (-33%), which affected the turnover of this metal,” adds Managem, which had to adapt its production with the economic situation to maintain resource.
In total, the consolidated net debt defined with 10.27 billion of DH, an increase of 2.68 billion leshen compared to the end of 2023. In addition, the group accelerated its investments in the last quarter of 2024, which reflects “important progress in the implementation of the group of the group”. In this context, Tizert and Botos Cupriferous projects in T4 2024 experienced a strong acceleration in the final construction phase with a start of the second half of 2025.
Note that the Managem 2024 has completed two main transactions: the acquisition of the company Sound Energy Morocco East Ltd, renamed Mana Energy and marks the group’s entry into the Canadian company IAMGOLD in Guinea in Guinea. At the end of December 2024, the investments made were 7.25 billion icon and 4.50 billion ah compared to the end of 2023, whereby 83% of the systems were assigned to the new projects of the group.
