Significant Revenue Growth in Q4 2025
In the final quarter of 2025, SMI achieved a revenue of 589 million MAD, marking a substantial increase of 154% compared to the same period in 2024.
This impressive growth is attributed to a rise in sales volumes, which allowed the company to fully capitalize on the elevated silver prices.
Annual Revenue and Operational Performance
For the entirety of 2025, SMI's revenue totaled 1.566 billion MAD, representing a 49% increase from the end of 2024.
This growth was supported by strengthened operational performance within a favorable market environment.
Investment and Financial Position
By the end of 2025, SMI's investments reached 214 million MAD, with 33% allocated to exploration and research activities.
As of December 31, 2025, the company's cash position stood at 540 million MAD, reflecting a significant improvement of 73% compared to the end of 2024.
This financial performance also indicates a strengthening of SMI's self-financing capacity.
