Societe Metallurgique d'Imiter SA
CCSEMA:SMI5,760.00
MAD
-30.00
(-0.52%)
ISIN
MA0000010068
Return %
Stock
S&P 500
1Y
113.41
14.20
3Y
359.70
81.12
5Y
225.42
68.34
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Imad Toumi
- Full Time Employees
- 763
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- Casablanca Morocco
- IPO Date
- Jun 18, 1997
- Website
- managemgroup.com
- Similar Companies
- Business
- Société Métallurgique d'Imiter SA is a Morocco-based mining and metallurgy company engaged in the exploration, extraction, processing, refining, and commercialization of precious metals, primarily silver. The company operates the Imiter silver deposit located in the Anti-Atlas mountain range in the Tinghir Province of southeastern Morocco, which ranks among the highest-grade primary silver mines globally. Its primary product and service offerings comprise refined silver ingots of 99.5% and 99.9% purity; commercial-grade silver bars; silver granules and doré bars; mineral concentrates; hydrometallurgical processing and cyanidation leaching services; precious metal smelting and refining; geological exploration and diamond core drilling; and mine engineering and mineral resource development. Société Métallurgique d'Imiter SA sells its refined precious metals to domestic and international industrial users, bullion dealers, financial institutions, and jewelry manufacturers. In recent developments, the company has undertaken major operational optimizations and modernization programs at its hydrometallurgical processing facilities, expanding the retreatment capacity of historical mining residues and low-grade tailings through advanced leaching technologies. The company has also intensified deep underground exploration campaigns and surface geophysical surveying to extend the mine's operating life, while integrating industrial digital monitoring systems to enhance extraction yields. In addition, aligned with strategic decarbonization directives from its parent entity Managem Group, the company has implemented energy-efficiency initiatives, including the integration of renewable power supply contracts and upgraded closed-loop industrial water recycling systems to minimize environmental impact and secure long-term operational resilience. Founded in 1969 and operating as a subsidiary of Managem Group, Société Métallurgique d'Imiter SA is headquartered in Casablanca, Morocco.