The turnover of Société Métallurgique d’imite (SMI) reached 217 million dirhams at the end of March 2022, up 84% compared to the same period of the past year.
In a press release on its quarterly indicators, the Managem subsidiary explains this performance by improving Silver production by +28% under the combined effects of the improvement in production from underground and the start of production. of the career, the rise in the average selling price of +33% and the appreciation of the USD/MAD exchange rate of +6%. Investments made during the first quarter of 2022 amounted to 55 MDH, allocated mainly to research and mining infrastructure work, the company said. Net debt stood at -9 MDH, once morest -91 MDH at the end of 2021.
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