As gold prices shatter historic records on global markets — now trading durably above $5,000 per ounce — the surge is reigniting an old ambition in Morocco: unlocking the kingdom’s long-dormant auriferous potential. But how much gold does Morocco actually have, and what can it realistically produce? For Morocco, the timing is stirring renewed conversation about what lies beneath its soil. Meanwhile, Managem Group — Morocco’s leading mining conglomerate — produces roughly five tonnes of gold per year, but that figure reflects its African operations abroad, not domestic extraction. While Morocco’s proven reserves appear limited, advancing exploration technologies and sustained high gold prices may yet reveal what the subsoil has long been keeping secret.

Source: The North Africa Journal February 26, 2026 16:07 UTC