Managem Requests Trading Resumption on Casablanca Stock Exchange
In a significant move for investors and stakeholders, Moroccan mining giant Managem has formally requested the resumption of trading for its shares on the Casablanca Stock Exchange, effective from the opening session on Tuesday, November 3. This request follows a suspension that was enacted on October 30, primarily attributed to the emergence of unconfirmed information regarding the company's shares in the market, coinciding with adjustments to the Moroccan All Shares Index (MASI).
To uphold transparency and ensure that all investors had equal access to vital information, Managem proactively sought the suspension of trading starting October 30. In their official statement, the company emphasized that, as of November 2, it had not encountered any significant events that could influence its share price or been alerted to any such developments.
Managem reassured its investors of the stability of its financial position, operational performance, business activities, and overall outlook, which remains unchanged from the information previously communicated to the market. This information notably includes the positive half-year results that were published for the period ending June 30.
Furthermore, the mining group acknowledged a statement from the Casablanca Stock Exchange, released on October 31, regarding modifications to the composition of the MASI before formally requesting the resumption of trading for its shares.
The suspension of trading came at a time when Managem reported impressive financial growth for the first half of 2026. This robust growth is largely attributed to the successful launch of new mining operations within Morocco and Senegal, coupled with rising metal prices.
Exceptional Financial Growth in 2026
In terms of performance metrics, Managem's consolidated revenue soared to MAD 11.76 billion during the first six months of 2026, representing a staggering increase of 166% compared to MAD 4.42 billion in the same timeframe the previous year. The company’s net profit also saw a remarkable rise, reaching MAD 3.78 billion, a significant leap from MAD 380 million reported a year earlier.
This impressive growth trajectory is primarily linked to the contributions from its Tizert copper mine in Morocco and the Boto gold mine in Senegal, both of which achieved their anticipated production levels during the initial half of the year. Additionally, the surge in prices for gold, silver, and copper has further bolstered the group’s financial performance. However, it is worth mentioning that production challenges at the Imiter silver mine in Morocco and the Tri-K gold mine in Guinea have partially mitigated these gains.
In a strategic expansion beyond its core mining operations, Managem has also ventured into the natural gas sector. In May, the company announced its acquisition of 100% of Sound Energy Meridja Limited, a subsidiary of the British firm Sound Energy, which possesses a 20% stake in the Tendrara gas concession located in eastern Morocco. This diversification reflects Managem's commitment to broadening its footprint across various African nations, actively engaging in the exploration, development, and production of mineral resources.
As reported by moroccoworldnews.com.
