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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