Reuters
by Aziz El Yaakoubi
Morocco’s biggest mining holding Managem reported a 13 percent rise in net profit attributable to shareholders in 2015 to 205 million dirhams ($21.25 million).
The increase came as higher output and cost cuts outweighed lower prices in the international market. The company said it was hit by a 18 percent drop in silver prices, a 20 percent fall in copper prices and a 15 percent drop in lead prices over 2015.
(Reporting by Aziz El Yaakoubi, editing by Louise Heavens)
