Moroccan Mines Profit Surges 900%
Managem, the largest mining group in Morocco, achieved a significant increase in its net profits in the first half of 2026, reaching 3.778 billion dirhams (approximately $395 million), a 900% increase compared to the same period last year. This rise was driven by higher metal prices and increased copper and gold production. The group's revenues also surged by 166%, reaching 11.76 billion dirhams ($1.2 billion). Full production capacity was reached at the Tizert copper mine and the Boto gold mine, with expansion activities underway at other mines, focusing on improving efficiency, controlling costs, and seizing suitable market opportunities.
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