https://www.miningweekly.com
Africa|Copper|Gold|Mining
Africa|Copper|Gold|Mining
africa|copper|gold|mining

Morocco's Managem starts gold production at its Guinea mine

23rd June 2021

By: Reuters

  

Font size: - +

Moroccan mining company Managem said it had started gold production on Wednesday at its mine in Guinea, opened as part of its expansion plan in Africa.

The company said it plans to produce 130 000 oz of gold a year at the Tri-K mine, where reserves are estimated at 1.5-million ounces.

Gold accounts for 20% of the firm's turnover, Managem Chief Executive Imad Toumi told Reuters in April, adding that Managem hopes to increase that share to 50%. The company also produces copper, silver, cobalt, lead and zinc.

Last year, the Casablanca-listed company posted a profit of 225-million dirhams after a loss of 427-million dirhams a year earlier. 

Edited by Reuters

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.123 0.159s - 107pq - 2rq
Subscribe Now