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Sigma Lithium(SGML) - 2023 Q4 - Earnings Call Transcript
2024-04-02 01:08
Financial Data and Key Metrics Changes - The company reported full-year revenues of $135 million, with an average realized price per tonne of $1,321 and a cash cost at the plant of $427 per tonne [84][85] - The adjusted EBITDA for the year was $49 million, reflecting a robust EBITDA margin of 36% after adjusting for non-recurring items [87][93] - The cash position as of March 30 was $109 million, with a net debt increase only modestly between year-end 2023 and March [12][65] Business Line Data and Key Metrics Changes - The company achieved a production of 105,000 tonnes of lithium concentrate in 2023, with a target to double capacity to 520,000 tonnes in Phase 2 expansion [59][65] - The average price for the lithium product was $1,333 per tonne, with a net price of $1,160 per tonne after VAT [76][84] - The company reported a spodumene production of 53,000 tonnes in Q1, down from 59,000 tonnes in Q4, attributed to cultural factors such as Carnival [37][38] Market Data and Key Metrics Changes - The company is positioned as the fourth largest mineral industrial lithium complex globally and the sixth largest producer, including brine and rock [60][70] - The pricing for Q1 shipments is expected to be similar to Q4, with a slight difference of about $100 [44][46] - The company has established a strong market presence, achieving a premium price due to superior metallurgical properties of its product [74][76] Company Strategy and Development Direction - The company aims to close the market cap gap by demonstrating its position as a large-scale producer and focusing on increasing production capacity [72][50] - The strategic focus includes moving downstream into lithium sulfate production, leveraging Brazil's clean and cheap energy resources [18][19] - The company emphasizes sustainability with zero toxic chemicals and zero tailings, positioning itself as a leader in green lithium production [68][81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate free cash flow in subsequent quarters despite a cash position drop in Q1 [5][12] - The management highlighted the importance of maintaining a low-cost structure and operational efficiency to withstand commodity cycle fluctuations [84][108] - The company is committed to building a resilient lithium business and aims to be among the top three producers in the industry soon [50][51] Other Important Information - The company has a long-term debt of approximately $100 million from shareholders, with a focus on managing cash flow effectively [13][15] - The company has achieved significant operational milestones, reaching full production capacity within six months of commissioning [63][74] - The management team owns more than 50% of the company, indicating strong alignment with shareholder interests [59] Q&A Session Summary Question: Is it fair to assess your net cash position in the first quarter is dropping by $30 million? - Management clarified that the cash position was $109 million as of March 30, with drawn but unused trade lines contributing to the cash dynamics [7][8] Question: Can you talk about SG&A expectations for Q1 and Q2? - Management indicated that SG&A was at $42 million, with ongoing efforts to reduce it to a more sustainable level [27][28] Question: Why was spodumene production lower in Q1? - Management attributed the lower production to cultural factors related to Carnival, which affects workforce availability [37][38] Question: What are the preliminary cost estimates for the lithium sulfate project? - Management stated that while they have a study on costs, specific figures could not be disclosed at this time [17][19] Question: How does the company plan to manage operational costs moving forward? - Management emphasized a focus on tightening spending and optimizing operational efficiency to achieve lower costs [34][36]
Sigma Lithium(SGML) - 2023 Q3 - Earnings Call Transcript
2023-11-16 03:33
Sigma Lithium Corporation (NASDAQ:SGML) Q3 2023 Earnings Conference Call November 15, 2023 8:00 AM ET Company Participants Matthew DeYoe - EVP, Corporate Affairs and Strategic Development Ana Cabral Gardner - CEO Conference Call Participants Joel Jackson - BMO Capital Markets Operator Good day, everyone. Welcome to Sigma Lithium's Third Quarter 2023 Earnings Conference Call. Today's call is being recorded and is broadcast live on Sigma's website. [Operator Instructions] Please note, this event is being reco ...
Sigma Lithium(SGML) - 2023 Q3 - Quarterly Report
2023-11-15 01:44
Exhibit 99.2 SIGMA LITHIUM CORPORATION UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS THREE AND NINE-MONTH ENDED SEPTEMBER 30, 2023 and 2022 (EXPRESSED IN THOUSANDS OF CANADIAN DOLLARS) MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL REPORTING The accompanying unaudited condensed interim consolidated financial statements of Sigma Lithium Corporation (the "Company") are the responsibility of management and have been approved by the Company's Board of Directors (the "Board"). The unaudited condensed ...
Sigma Lithium(SGML) - 2023 Q2 - Earnings Call Transcript
2023-09-06 01:07
Sigma Lithium Corporation (NASDAQ:SGML) Q2 2023 Earnings Conference Call September 5, 2023 10:00 AM ET Ana Cabral Gardner - Chief Executive Officer and Co-Chairperson Ana Cabral Gardner So, here is, again, a video. A picture is a thousand words. We're going to close with a video that [indiscernible] is going to host for us, but here it is. [Technical Difficulty] Oops. Apologize. I have a bit of a technical issue here. Just let me just go back. The second shipment is going to be quite special, because we are ...
Sigma Lithium(SGML) - 2022 Q4 - Annual Report
2023-06-12 23:30
GROTA DO CIRILO LITHIUM PROJECT ARAÇUAÍ AND ITINGA REGIONS, MINAS GERAIS, BRAZIL AMENDED AND RESTATED TECHNICAL REPORT Prepared for: Sigma Lithium Corporation Prepared by: Homero Delboni Jr., MAusIMM (CP), HDA Serviços S/S Ltda. Marc-Antoine Laporte, P.Geo, SGS Canada Inc Jarrett Quinn, P.Eng., Consulting Process Engineer Porfirio Cabaleiro Rodriguez, (MEng), FAIG, GE21 Consultoria Mineral Noel O'Brien, FAusIMM, Trinol Pty Ltd. Effective Date: 31 October 2022 Issue Date: 12 June 2023 NI DO IMPORTANT NOTICE ...
Sigma Lithium(SGML) - 2023 Q1 - Quarterly Report
2023-04-11 12:15
SIGMA LITHIUM AWARDED THE ENVIRONMENTAL OPERATING LICENSE WITH UNANIMOUS APPROVAL AND SCALES UP SOCIAL INITIATIVES; FIRST PRODUCTION ON SCHEDULE TO COMMENCE IN APRIL 2023 1 VANCOUVER, CANADA – (April 10, 2023) – SIGMA Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, TSXV: SGML), dedicated to powering the next generation of electric vehicles with Battery Grade Sustainable Lithium Concentrate ("Green Lithium"), is pleased to announce significant project updates and renewed commitments to ...
Sigma Lithium(SGML) - 2022 Q2 - Quarterly Report
2022-11-18 21:13
Exhibit 99.1 SIGMA LITHIUM CORPORATION MANAGEMENT'S DISCUSSION AND ANALYSIS THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2022 (Expressed in thousands of Canadian dollars, except per share amounts or unless stated otherwise) INTRODUCTION & BACKGROUND This management's discussion and analysis dated as of November 17, 2022 (this "MD&A") of the financial condition and results of operations of Sigma Lithium Corporation ("Sigma Lithium" or the "Company") constitutes management's review of the factors that affected t ...
Sigma Lithium(SGML) - 2021 Q4 - Earnings Call Transcript
2022-04-11 23:40
Sigma Lithium Corporation (NASDAQ:SGML) Q4 2021 Results Conference Call April 11, 2022 11:00 AM ET Company Participants Calvyn Gardner - Co-Chairperson and Co-CEO Ana Cabral Gardner - Co-Chairperson and Co-CEO Unidentified Company Representative So, everyone, look, I apologize for the delay. We had technical difficulties, each one of us in a different part of the world. IÂ'm on a West Coast of United States, and Calvyn is on the mine site. Without further ados, we have great updates to give you. So, weÂ're ...