CMT: Consolidated Revenue Increases by 15% by the End of September 2025

In the third quarter of 2025, Compagnie Minière de Touissit (CMT) recorded a consolidated revenue of 180 million MAD, marking a 4% increase compared to Q3 2024. This growth was driven by a 20% improvement in concentrate production, a 5% rise in lead concentrate sales, and a 4% increase in the volume of silver shipped. For the cumulative period, revenue reached 523 million MAD, reflecting a 15% growth that highlights the operational and commercial performance of the company, as well as the valuation of metals in the market. CMT confirmed the momentum of its strategic investments, notably with significant progress on the Tabaroucht copper project. As of the end of September 2025, total investments amounted to 21 million MAD, including 5 million MAD allocated for essential works and equipment necessary for the startup of the new well. In line with its debt reduction strategy, CMT has continued to decrease its debt by 43% compared to December 2024, reaching 146 million MAD, which consists of 76 million MAD in long-term debt and 70 million MAD in short-term debt. Consequently, net debt has decreased by 40%, settling at 138 million MAD. This reduction reflects CMT's commitment to rigorous financial management, which supports the control of its debt through self-financing of its development projects. As a result, available cash has primarily been used to support ongoing strategic investments. Looking ahead, CMT continues to implement its responsible growth strategy, consolidating the development of its activities while closely monitoring the progress of the judicial appeal process initiated following the first-instance ruling by the Casablanca Criminal Court. This ruling condemned the company to pay a fine of 2,324,307,274.26 dirhams to the Administration of Customs and Indirect Taxes. Additionally, risks related to debt recovery and the valuation of investments are under constant and careful scrutiny by governance bodies.