Orocobre Limited Production Update

Apr. 05, 2018 09:35AM PST

Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) provides an update on lithium production at Olaroz. As quoted in the press release: Production for the March quarter was 2,802 tonnes, down 29% from 3,937 tonnes in the December quarter. Sales were 3,052 tonnes with a record realised average price up 17% on the …

Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) provides an update on lithium production at Olaroz.

As quoted in the press release:

Production for the March quarter was 2,802 tonnes, down 29% from 3,937 tonnes in the December quarter. Sales were 3,052 tonnes with a record realised average price up 17% on the December quarter to US$13,533 per tonne on a FOB basis and record total sales revenue of US$41.3 million. Unit cost of sales for the quarter has not yet been finalised but will be higher than the previous quarter due to the lower production. Despite the increased unit costs, gross cash margins are expected to be higher than the December quarter (US$7,604 per tonne).

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