- 10:35Clavijo's Upcoming Visit to Morocco to Enhance Scientific Collaboration
- 10:20US Arms Control Official Heads to Morocco for Global Conference on AI in Chemical Weapons Prevention
- 10:00Tesla Faces Legal Action Over Alleged Unauthorized Use of Blade Runner Imagery
- 09:50Morocco Projects $1.58 Billion Revenue from Tobacco and Alcohol Taxation in 2025 Economic Plan
- 09:20Estonia Backs Morocco's Sahara Autonomy Plan, Strengthening Digital and Diplomatic Ties
- 09:02Microsoft Unveils New Autonomous AI Agents to Enhance Business Operations
- 08:50PSG Coach Lauds Hakimi's Evolution: Morocco's Star Defender Shows Growing Tactical Maturity
- 08:35ByteDance Terminates Intern Over Alleged Sabotage of AI Project
- 08:20Moroccan Medical Residents Extend Strike as Healthcare Crisis Deepens
Follow us on Facebook
CMT's Production and Sales Surge in the 1st Quarter of 2024
In the first quarter of 2024 (Q1 2024), the CMT group witnessed a remarkable surge in its production, reaching 92,350 tonnes, reflecting a 4.8% increase compared to the previous year. This impressive growth underscores the company's resilience and strategic positioning within the industry.
While the volumes of concentrates derived from this production stood at 6,210 tonnes, a 7.1% decrease from Q1 2023, this decline did not impede the sales performance of the concentrates. Capitalizing on the continuous global demand for lead and zinc, CMT's concentrate sales soared to 5,877 tonnes, a 3% increase compared to the same period last year.
This robust sales performance translated into a turnover of 140 million dirhams, representing a 6.6% increase compared to Q1 2023. CMT's ability to leverage favorable market conditions and effectively cater to global demand has undoubtedly contributed to this significant achievement.
In the realm of debt management, CMT continues to exercise prudent control through optimal cash flow management and a reduction in short-term debt. Consequently, the company's net debt stood at 360 million dirhams, a notable decrease from the 386 million dirhams recorded at the end of the previous year. This strategic financial approach ensures long-term sustainability and financial stability.
Looking ahead, the group remains committed to executing its various strategic initiatives, further solidifying its position as a responsible mining actor. Notably, the commissioning of the new Ighrem Aousser shaft at Tighza, scheduled for the end of the third quarter of 2024, is expected to bolster CMT's operational capabilities and reinforce its competitive edge.
As the mining industry continues to evolve, CMT's proactive approach, coupled with its commitment to responsible practices and operational excellence, positions the company as a formidable player in the sector. With a robust first quarter performance and a clear strategic vision, CMT is poised to capitalize on emerging opportunities and deliver sustained growth and value creation for its stakeholders.