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Sayona Mining ( (AU:SYA) ) has provided an announcement.
Sayona Mining Limited reported record production and sales for FY25, with a 31% increase in concentrate production and a 32% rise in sales volumes. Despite a decline in average selling prices, the company achieved significant operational improvements, including enhanced lithium recovery rates and increased reserves. Financially, Sayona faced a consolidated loss of $382 million, primarily due to a $271 million asset impairment at NAL, reflecting lower long-term lithium price forecasts. The proposed merger with Piedmont Lithium to form Elevra Lithium Limited is expected to enhance market reach and operational synergies, positioning the company for future growth in the global lithium market.
The most recent analyst rating on (AU:SYA) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.
More about Sayona Mining
Sayona Mining Limited is a North American lithium producer primarily focused on lithium extraction and production. The company operates the North American Lithium (NAL) project, with a 75% stake, and is involved in exploration activities in Québec, Canada. Sayona is strategically positioned in the lithium supply chain, catering to markets in Asia and the United States.
Average Trading Volume: 41,261,674
Technical Sentiment Signal: Sell
Current Market Cap: A$300.1M
For a thorough assessment of SYA stock, go to TipRanks’ Stock Analysis page.