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Sigma Lithium Reports Record Production and Cost Reductions

Sigma Lithium Reports Record Production and Cost Reductions

Sigma Lithium Corporation ( (SGML) ) has released its Q4 earnings. Here is a breakdown of the information Sigma Lithium Corporation presented to its investors.

Sigma Lithium Corporation, a prominent player in the lithium production sector, is committed to providing sustainable lithium concentrate for electric vehicle batteries, operating one of the largest lithium production sites globally at its Grota do Cirilo Operation in Brazil.

Sigma Lithium Corporation has reported its financial results for the fourth quarter and full year of 2024, showcasing strong margin generation, record production, and significant cost reductions. The company has made notable strides in operational efficiency and profitability, driven by advancements in its Greentech technologies.

Key highlights from the report include a cash operating margin of 42% in Q4 2024 and an adjusted EBITDA margin of 26%. The company achieved record production and sales volumes, with a 28% increase in production of Quintuple Zero Lithium Concentrate. Cost reductions were significant, with CIF China cash operating costs decreasing by 17% to $427 per tonne in Q4 2024. Additionally, the company has made progress in the construction of its second Greentech Industrial Plant, expected to double production capacity by 2025.

Sigma Lithium’s financial performance was marked by underlying revenues of $180.6 million for FY 2024, excluding non-cash provisional price adjustments. The company reported a total of 236,811 tonnes in sales volumes for the year. Despite a net loss for the period, Sigma Lithium maintained a strong cash position and improved its working capital efficiency.

Looking ahead, Sigma Lithium aims to sustain its growth trajectory by focusing on innovation, cost leadership, and strategic partnerships. The company plans to optimize its commercial strategy and expand its production capacity, positioning itself for long-term sustainable growth in the lithium market.

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