Compagnie Miniere de Touissit SA
CCSEMA:CMT4,020.00
MAD
-80.00
(-1.95%)
Compagnie Miniere de Touissit SA
CSEMA:CMT
(Casablanca Stock Exchange)
Recent
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4,020.00
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yld
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- Business
- Compagnie Minière de Touissit SA is a Morocco-based mining company primarily engaged in the exploration, extraction, beneficiation, and commercialization of base metals, precious metals, and strategic mineral resources. The company specializes in the underground extraction and industrial processing of polymetallic ores, operating across key segments covering mineral exploration, underground mining, ore dressing, and metallurgical concentrate commercialization. Its core product and service portfolio comprises silver-bearing lead concentrates produced from galena ore; silver-bearing zinc concentrates derived from sphalerite ore; refined silver and associated copper and antimony by-products; metallurgical processing, crushing, grinding, and differential flotation services; and geological surveying, exploration drilling, and mine site development operations. Compagnie Minière de Touissit SA focuses its primary mining operations in Morocco, operating the flagship Tighza polymetallic underground mining complex located in the Middle Atlas region, while holding an extensive portfolio of mining concessions, operating licenses, and exploration permits across several Moroccan mineral districts. In recent corporate and operational developments, the company underwent a major shareholding transition following the acquisition of OSEAD Fund by Ayrad Group Limited, which prompted a mandatory public tender offer initiated in concert with institutional shareholder Caisse Interprofessionnelle Marocaine de Retraite under Moroccan Capital Market Authority oversight. Operationally, the company completed and advanced the operational ramp-up of the new Ighrem Aousser deep production shaft at the Tighza mine to significantly increase ore hoisting capacity, optimize operational efficiency, and extend the productive life of the deposit. Furthermore, the company successfully reached a definitive settlement resolving historical foreign exchange and customs litigation with Moroccan authorities, while expanding its strategic focus toward critical transition minerals through exploration initiatives in copper, antimony, and graphite. Compagnie Minière de Touissit SA was founded in 1974 and is headquartered in Casablanca, Morocco.