Managem stock resumed after suspension over market rumors
Published on 11/12/2026 at 01:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTrading resumes after market rumors
- Managem resumed trading on the Casablanca Stock Exchange after a suspension linked to unconfirmed information following changes to the MASI index.
- The mining group said its financial position, operations and outlook remained unchanged from its latest market disclosures.
- First-half revenue and net income rose sharply as new Moroccan and Senegalese mines reached planned production capacity.
Managem stock resumed trading on the Casablanca Stock Exchange on Tuesday, November 3, after the Moroccan mining group requested a suspension on October 30. In a statement cited by Morocco World News, Managem said unconfirmed information about its shares had circulated after changes to the composition of the Moroccan All Shares Index, or MASI.
The company said no significant event capable of affecting its share price had occurred or come to its attention as of November 2. Its financial position, operating performance, business activities and outlook remained solid and unchanged from information previously communicated to the market, including its results for the six months ended June 30, 2026.
New mines drive first-half growth
Managem reported consolidated revenue of MAD 11.76 billion for the first half of 2026, up from MAD 4.42 billion a year earlier. Net income rose to MAD 3.78 billion from MAD 380 million.
The group attributed the increase mainly to the Tizert copper mine in Morocco and the Boto gold mine in Senegal, which reached their planned production capacity during the period. Higher gold, silver and copper prices also supported performance, although production difficulties at the Imiter silver mine in Morocco and the Tri-K gold mine in Guinea limited the improvement.
Managem has also expanded beyond mining. In May, it announced the acquisition of Sound Energy Meridja Limited, which holds a 20 percent interest in the Tendrara gas concession in eastern Morocco. The group operates across several African countries in the exploration, development and production of mineral resources.
What investors should watch next
The resumption removed the trading interruption, but the companys statement did not introduce a new earnings forecast or a change to its outlook. Investors will therefore continue to focus on production at the groups new mines, metal prices and operating performance at assets facing production challenges.
Managem company facts
- Company: Managem Group
- ISIN: MA0000012866
- Ticker: MNG
- Exchange: Casablanca Stock Exchange
- Reporting period: First half of 2026
- Revenue: MAD 11.76 billion
- Net income: MAD 3.78 billion
Moroccan equities trade against the backdrop of the wider market environment covered in Current market reports.
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