Sigma Lithium Corporation
SGML
ISIN CA8265991023 / Valor 112420003
Sigma Lithium Corporation
UMushroom community rating:
About company
Sigma Lithium Corporation is a company focused on the exploration and development of lithium projects in Brazil. The company's business is led by experienced professionals with backgrounds in finance, research, and strategic development. The Board of Directors emphasizes sound corporate governance and high standards for employees, officers, and directors to ensure the prudent management of the company's business. Sigma Lithium Corporation aims to be a leader in the lithium industry, leveraging its expertise and resources to drive growth and success in the market.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (20.08.2024):
Revenue Growth
Sigma Lithium Corporation reported revenues of USD $45.9 million for the second quarter of 2024. This represents a significant increase from the previous quarter's revenue of $37.2 million, driven by strong sales volumes and premium pricing strategies.
Sales Volume
During the second quarter of 2024, Sigma Lithium Corporation sold 52,572 tonnes of lithium concentrate. This is slightly lower than the 52,857 tonnes sold in the first quarter, but the company maintained a high average concentrate grade of 5.35%.
Cost Management
Sigma Lithium Corporation achieved a 22% reduction in unit cash costs year to date, with second-quarter unit operating costs averaging $364 per tonne. This cost efficiency places Sigma among the lowest in the sector, ahead of its 2024 guidance.
Profit Margins
The company reported robust adjusted cash EBITDA margins of 29% for the second quarter of 2024, up from 16% in the first quarter. This improvement is attributed to consistent operational performance and effective cost management strategies.
Net Income
Sigma Lithium Corporation reported a net income loss of $10.8 million for the second quarter of 2024, compared to a loss of $7 million in the first quarter. Despite the loss, the company maintains a strong liquidity position with cash balances of $75.3 million as of June 30, 2024.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1793 M
Market cap (USD)
46,634
Daily traded volume (Shares)
11.45 / 11.07
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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