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Lithium Americas (Argentina) Corp. (LAAC)
NYSE:LAAC
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Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2020
|% Change Since: -50.17%
|Next Earnings Date:Nov 12, 2019
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. Production increases and cost reductions were positive indicators, but these were offset by declining lithium prices and financial pressures. The company's cautious approach to future production and market conditions reflects an uncertain outlook.Company Guidance
During the third quarter 2024 earnings call for Lithium Argentina, the company provided several key metrics and guidance updates. Cauchari-Olaroz produced approximately 6,800 tons of lithium carbonate, marking a 21% increase from the previous quarter, with operations running at 75% to 80% of nameplate capacity. The company maintained its production guidance of 20,000 to 25,000 tons for the year, despite facing downward pressure on lithium prices, which fell to around $7,000 per ton. Additionally, processing costs for battery quality lithium carbonate were reduced from $2,000 to $1,500 per ton, positively impacting margins. Looking ahead, the company plans to announce its 2025 production plans and product quality targets early next year, while continuing to work on the regional development plan at Pastos Grandes. The newly passed RIGI regime is expected to offer fiscal incentives that support large-scale investments, which will help advance their growth pipeline.Increase in Lithium Carbonate Production
Cauchari-Olaroz produced approximately 6,800 tons of lithium carbonate in Q3 2024, marking a 21% increase from the second quarter. The plant is operating at 75% to 80% of nameplate capacity, with expectations to maintain this level into 2025.
Reduction in Processing Costs
The additional processing costs to achieve battery quality lithium carbonate have been reduced from $2,000 to $1,500 per ton, positively impacting margins despite downward lithium price pressures.
Advancement in Stage 2 Development
Progress has been made on Stage 2 at Cauchari-Olaroz and the regional development plan around Pastos Grandes basin, with completion expected in the coming months.
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Lithium Americas (Argentina) Corp. (LAAC) Earnings, Revenues Date & History
LAAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LAAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2023 | $5.95 | $6.07 | +2.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lithium Americas (Argentina) Corp. (LAAC) report earnings?
Lithium Americas (Argentina) Corp. (LAAC) is schdueled to report earning on Mar 14, 2025, TBA Not Confirmed.
What is Lithium Americas (Argentina) Corp. (LAAC) earnings time?
Lithium Americas (Argentina) Corp. (LAAC) earnings time is at Mar 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LAAC EPS forecast?
Currently, no data Available
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