Compagnie Minière de Touissit (CMT) recorded consolidated revenue of 342 million dirhams in the first quarter of 2026, a rise of 102.4 percent compared with the same period a year earlier. The performance was driven primarily by a sharp increase in concentrate sales, up 40 percent, in a market environment characterized by exceptionally favorable international prices — most notably for silver, whose average global price jumped 164 percent on a year-on-year basis.
On the operational side, processed production reached 86,180 tons, a modest increase of 1.5 percent, while concentrate production edged down five percent to 6,380 tons. Concentrate sales volumes nonetheless rose significantly, from 6,792 tons in the first quarter of 2025 to 9,523 tons in the same period of 2026. Silver sales volumes also increased by 19 percent to 293,335 ounces.
CMT invested 11 million dirhams in its mining and development activities during the quarter, an increase of 18 percent year-on-year, reflecting the company’s continued commitment to expanding its operational footprint. The group is pressing ahead with its growth strategy, centered on the ramping up of the Ighrem Aousser shaft and the development of new mining projects across four commodities: copper, gold, antimony, and graphite.
The strong top-line performance came alongside a rise in net debt, which stood at 162 million dirhams at the end of March 2026, compared with 70 million dirhams at the close of 2025. Available treasury reached 106 million dirhams, providing the group with operational flexibility as it pursues its expansion program.
The results establish CMT as one of the stronger performers on the Casablanca bourse in the current cycle, benefiting from the confluence of elevated precious metal prices and rising sales volumes. The company’s diversification into copper, gold, and specialty minerals positions it to reduce its dependence on silver price dynamics over the medium term, while the industrialization of new deposits is expected to underpin further production growth throughout 2026.