Record Production and Safety Milestone
Sigma achieved a production scale on track to meet the guidance of 270,000 tonnes of lithium oxide concentrate and celebrated 2 years without accidents with lost time, maintaining a TIRFR of 1.92, among the lowest in the metals and mining industry.
Significant Cost Reduction
Operating costs decreased by 4% year-on-year to $348 per tonne, CIF cash cost for China ports decreased by 14% to $442 per tonne, and all-in sustaining costs dropped by 24% to $594 per tonne.
Deleveraging and Financial Discipline
Short-term finance debt reduced by 57% year-over-year and by 15% versus the previous quarter, with continued reliance on diversified funding sources.
Strategic Commercial Flexibility
Provisional pricing strategy allows Sigma to benefit from lithium market price recoveries, with potential positive adjustments in subsequent quarters.
Expansion Plans and Funding
Progress in Phase 2 expansion, aiming for 120,000 tonnes of LCE capacity by 2027, supported by diverse funding sources including $100 million subsidized government debt from BNDES.