Business
SIGMA LITHIUM REPORTS 4Q24 AND FY24 RESULTS: STRONG MARGIN GENERATION, RECORD PRODUCTION AND SIGNIFICANT COST REDUCTIONS
Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, reports its results for the full year ended December 31, 2024.
About this update from Sigma Lithium Corporation
[{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p"},{"type":"text","content":"FINANCIAL REPORT","length":16,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Strong operating margins: reflecting strong profitability and operational efficiency. ","length":85,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Cash operating margin of 42% in 4Q24, underlying 41% in FY24. ","length":61,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA margin in 4Q24 of 26%, underlying 25% in FY24.","length":62,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":123,"olType":false}]},{"val":[{"type":"text","content":"Record quarterly production and sales volumes: improvements at Greentech Industrial Lithium Plant:","length":98,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Increased production and sales of Quintuple Zero Lithium Concentrate by approximately 28% in 4Q24: over 77,000 tonnes of production and 73,900 tonnes of sales. ","length":159,"tagName":"p"}]},{"val":[{"type":"text","content":"Issued FY 2025 production guidance of 270,000 tonnes, reinforced by performance achieved in 4Q24.","length":102,"tagName":"p"}]},{"val":[{"type":"text","content":"A video highlighting our operational improvements is available for viewing here","length":84,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":345,"olType":false}]},{"val":[{"type":"text","content":"Achieved significant cost reductions: monetized economies of scale and increased efficiency.","length":92,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"CIF China cash operating costs decreased 17% to US$427/t in 4Q24. ","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"All-in sustaining costs (AISC) totaled US$592/t in 4Q24. ","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Provided FY 2025 cost guidance of CIF China cash costs of US$500/t and AISC of US$660/t.","length":93,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":214,"olType":false}]},{"val":[{"type":"text","content":"Strengthened Commercial Strategy in 4Q24 to align with annual restocking trends of chemical refiners, effectively managing seasonality: achieved average sales prices of approximately US$900/t (6% CIF China).","length":207,"tagName":"p"}]}],"tagNa...