Sigma LithiumNASDAQ: SGML

HIGHLIGHTS Sigma Lithium announces the loading of its ninth shipment, totaling 22,000 tonnes of its high purity Quintuple Zero Green lump lithium concentrate ("Quintuple Zero Green Lithium"), at the Port of Vitoria.  The shipment was sold to LX International, formerly known as LG International.

Sigma Lithium Corporation (NASDAQ: SGML) will be hosting its Q1 2024 Earnings Conference Call on May 16, 2024 at 12:00 PM ET. Presenting at the call will be Matthew DeYoe, EVP, and Ana Cabral-Gardner, Co-Chairman & CEO. Participants include Robert Hoffman from Bank of America Merrill Lynch and MacMurray Whale from Cormark Securities. The operator for the call is Dennis.

In the first quarter of 2024, the company achieved a premium price of $1,290 per ton, representing an 11% increase from April and a 25% increase from the previous quarter. Revenues from sales of high purity lithium concentrate totaled $49.1 million, with sales volumes reaching 52,857 tons and production volumes at 54,168 tons. Cash costs were reduced by 16% from the previous quarter, with FOB cash costs at $462 per ton and cash costs at the industrial plant gate averaging $397 per ton. The company reported robust EBITDA margins of 35.3% on pro forma EBITDA of $17.4 million.

There is momentum building for SIGMA LITHIUM (SGML) shares, with potential for further increases in the short term due to positive adjustments in earnings estimates.

Investors frequently look to Wall Street analysts' advice when making decisions about their stock investments, and changes in ratings from these analysts can impact the price of a stock. This information is often reported in the media.

The average price target suggests a potential increase of 95.1% for SIGMA LITHIUM (SGML). Although studies indicate this metric may not always be reliable, an increase in earnings estimates could indicate a positive trend for the stock in the near future.

Sigma Lithium Corp (TSX-V:SGML, NASDAQ:SGML) has begun loading its eighth shipment of 22,000 tonnes of quintuple-zero green high-purity coarse lithium concentrate at the Port of Vitoria. The finalized price, which is non-provisional, represents a substantial increase compared to previous premium prices, according to Sigma.

Sigma Lithium Corp recently announced a significant expansion of its Tropical Forest Conservation program, which involves establishing a "Conservation Belt Against Deforestation" around the Medio Vale do Jequitinhonha region in Brazil.

Sigma Lithium Corporation (SGML) Q4 2023 Earnings Call Transcript