Mines concludes 2025 with the highest profits in its history and expands its African presence
Mines has finished the fiscal year 2025 with the highest profit level in its history, confirming the robustness of its development model and the effectiveness of its expansion strategy at both national and African levels.
Imad Toumi emphasized that these results are “exceptional by all standards,” considering them the fruit of the strategy launched by the group during the period 2020-2025, which is beginning to bear fruit.
The group recorded a net result (group share) of 3.002 billion dirhams, compared to 620 million dirhams in 2024, representing a growth rate exceeding 384 percent in what has been described as an extraordinary year, driven by the strong performance of the “Tizirt” project in Morocco and the “Boto” project in Senegal.
Revenue exceeded 13.6 billion dirhams, achieving a growth of 55 percent compared to the previous year, while the gross operating surplus increased by 125 percent to reach 5.982 million dirhams, reflecting in an operating result that also doubled to approximately 3.993 million dirhams.
Toumi attributed this dynamism to cost control and improved operational performance, alongside the successful launch of major projects, particularly the copper project “Tizirt” and the gold project “Boto,” with production marketing beginning in the last quarter of the year.
Looking ahead, the group continued to implement strategic projects, including the “Cobalt Sulfide” project and the “Tendrara Gas” project, with expectations of them becoming operational in 2026, in addition to signing an agreement with “Norin Mining” to expand the partnership in the gold project in Sudan.
Regarding the outlook for 2030, the CEO confirmed that the group intends to continue developing its major mining projects, focusing on strategic minerals related to energy transition, such as copper and cobalt, while maintaining its position in gold and silver.
Mines is also banking on transitioning to processing industries by moving towards the refining and local valorization of minerals, aiming to integrate into value chains associated with the automotive industry and advanced technologies.
It is worth noting that the group, owned by the Mada Fund, is one of the leading players in the mining sector in Africa, operating in seven countries, with a diverse portfolio that includes precious metals, energy transition minerals, and natural gas.
