The public company had indeed suffered successive losses estimated at 1 billion FCFA in 2022, then 1.82 billion FCFA during the 2023 period, under the weight of implantation and structuring costs of the extraction site management network.

Financial profitability contrasts strongly with the direct commercial turnover, which remains at a still modest level of 30.55 million FCFA. The observed gap indicates that the structure of gains comes from alternative financial mechanisms, notably regulatory levies and shares not related to direct sales of minerals. The improvement in accounts coincides with the realization of the central bank's foreign exchange reserves. The national mining company actively supported the creation of the sovereign gold reserve of the Republic of Cameroon, whose total volume increased to 954 kilograms by the end of the year, compared to 640 kilograms initially recorded a few months earlier.

The company's administrators took advantage of the return to balance to formalize the entity's transition to an investment holding model. The general management received legal authorization to finalize agreement protocols for the acquisition of financial assets in two private mining companies already in operation on the national territory. The operation is based on the tax and customs provisions provided for by the mining legislation promulgated in 2023. The acceleration of regular commercial activities should now enable the operator to sustain cash flows in order to reduce budgetary dependence on the Treasury and position the mine as a lasting fiscal relay to hydrocarbons.


BCN

Tags: mines sonamines cameroun bénéfice net exploitation minière réserves d'or investissement équilibre financier législation minière