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Moroccan mining company Managem acquires assets of Canada’s Iamgold in Senegal, Mali and Guinea

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Managem said it purchased the Iamgold assets in the three African countries for a total cost of $282-million

The total resource portfolio of the Bamouk assets exceeds 5 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 per cent, on the back of higher precious and base metal prices.

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Moroccan mining company Managem acquires assets of Canada’s Iamgold in Senegal, Mali and GuineaManagem said it purchased the Iamgold assets in the three African countries for a total cost of $282-million
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