The earnings call presented a balanced view with notable achievements in terms of record shipments, resource growth, and strong cash management. However, there are significant challenges due to market conditions and the operational pause, leading to uncertainty about future operations.
Company Guidance
During the CXO.AX Q4 2024 earnings call, key metrics highlighted included a monthly recovery rate of 63% and production of over 20,000 dry metric tonnes of spodumene with a grade of 4.8%. The company reported a record sale of 33,000 dry metric tonnes, achieving an average SC6 price of over $1,000, and a cash operating unit cost of $644 per tonne. The exploration efforts resulted in an increase of the Mineral Resource to 48.2 million tonnes, marking a 58% rise. Financially, CXO.AX ended the quarter with a robust cash balance of $87.6 million, remaining debt-free, and generated $41.7 million in revenue from shipments, with total annual receipts from customers standing at $108 million. The company’s strategic focus is on maintaining a restart-ready status, optimizing cost structures, and enhancing exploration efforts with a budget of $8-9 million to further expand the resource base.
Record Shipments and Strong Cash Position
CXO.AX achieved record quarterly shipments of 33,000 dry metric tonnes of concentrate, generating $41.7 million in revenue. The company ended the year with a strong cash balance of $87.6 million and remains debt-free.
Significant Resource Increase
The exploration team increased the Mineral Resource to 48.2 million tonnes, marking a 58% increase. This positions the company well for future growth and development.
Low Operating Costs
Quarterly operating unit costs were the lowest of the year at $644 per tonne, demonstrating effective cost control measures implemented at the start of the calendar year.
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Core Lithium Ltd (AU:CXO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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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AU:CXO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Sep 26, 2024
AU$0.10
AU$0.10
0.00%
Mar 12, 2024
AU$0.20
AU$0.22
+7.32%
Sep 28, 2023
AU$0.34
AU$0.41
+19.12%
Mar 09, 2023
AU$0.97
AU$1.00
+3.09%
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 Core Lithium Ltd (AU:CXO) report earnings?
Core Lithium Ltd (AU:CXO) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Core Lithium Ltd (AU:CXO) earnings time?
Core Lithium Ltd (AU:CXO) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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