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Morocco’s Managem acquires Canada’s Iamgold assets in Senegal, Mali and Guinea
20th December 2022
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Moroccan mining company Managem said on Tuesday it bought the assets of Canada's Iamgold in Senegal, Mali and Guinea, known as Bamouk, for $282-million.
The total resource portfolio of the Bamouk assets exceeds five-million ounces of gold, Managem said in a statement.
Casablanca-listed Managem, which operates in six African countries, is controlled by the royal family holding company Al Mada.
Managem reported a revenue of 7.376-billion dirhams in the first nine months this year, up 45%, on the back of higher precious and base metal prices.
Edited by: Reuters
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