May 2026
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Largest Metals & Mining Public Companies in Morocco
Benchmark revenue and EBITDA valuation multiples for public comps like
Managem, SMI - Ste Metallurgique d'Imiter, Sonasid, Compagnie Miniere de Touissit and Les Eaux Minerales.
 | Managem SA operates as an integrated mining group. The business operations include managing a portfolio of properties targeting precious metals such as gold and silver, and base metals which include copper, zinc, lead, cobalt and fluorite. | $1,551 | -- | $18B | $20B | 12.1x | 27.0x | ||
| SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects. | $1,190 | -- | $2B | $2B | 16.9x | 66.4x | ||
| Sonasid SA is the manufacturer of steel products based in Morocco. It offers various products and solutions tailored to the needs of the construction and industrial sectors, such as steel fibers, concrete round steel bars, billets, fil machines, etc. Geographically, the company generates the majority of its revenue from Morocco, and the rest from other markets. | $247 | -- | $965M | $915M | 1.5x | 22.5x | ||
| CMT - Compagnie Miniere de Touissit is engaged in the production of high-quality silver and lead concentrates. It also produces silver zinc concentrates. Established in Eastern Morocco and then in the Middle Atlas, it currently operates the Tighza Mine in Morocco. | $558 | -- | $938M | $953M | 12.6x | 18.3x | ||
| Les Eaux Minerales d'Oulmes SA is engaged in production and distribution of mineral water. Its products include natural mineral water under the brands Sidi Ali and Ain Atlas; natural sparkling mineral water under the brands Oulmes and Oulmes fruity bubbles; and table water under the brand Bahia. | -- | -- | $294M | $460M | 1.4x | 7.9x | ||
| Aluminium du Maroc is engaged in design and manufacture of aluminum alloy profiles for building and industry. The company's products portfolio includes sliders, doors, roofing, facades, pool barrier, strikes, bodyguards, shutters, and portals. | $206 | -- | $96M | $90M | 0.6x | 4.8x | ||
| Afric Industries SA is engaged in the development, production, and marketing of abrasive products of all shapes and sizes. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts. | $38 | -- | $11M | $11M | 2.3x | 6.8x | ||
| Median | $403 | -- | $938M | $915M | 2.3x | 18.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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