Orocobre Quarterly Report of Operations for the Period Ended 30 June 2018

- August 1st, 2018

Orocobre released its quarterly report of operations for the period ended 30 June 2018. 

Orocobre released its quarterly report of operations for the period ended 30 June 2018.

As quoted in the press release:

Production for the quarter was the second highest on record at 3,596 tonnes of lithium carbonate, up 28% on the March quarter
Record realised average price achieved of US$13,653/tonne on a free on-board basis (FOB)3
Record quarterly sales revenue of US$44.4 million on total sales of 3,255 tonnes of lithium carbonate (varies from ASX release 2 July 2018 due to unforeseeable port shipping delays, these sales will now be recognised in the September quarter. See notes later)
Cash costs for the quarter (on cost of goods sold basis)4 were down 13% quarter on quarter (QoQ) to US$3,800/tonne as a result of increased production and sales volumes
Record gross cash margins of US$9,853/tonne were up 7% QoQ demonstrating the profitability and cash generation capability of the Olaroz operations

Click here for the full text release

Lithium in 2018

Your free report includes:

  • Expert commentary
  • Stocks to buy
  • Market forecasts
Give me my free report!

Get the latest Lithium Investing stock information

Get the latest information about companies associated with Lithium Investing Delivered directly to your inbox.

Lithium Investing

Select All
Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time

Tags

Leave a Reply

Your email address will not be published. Required fields are marked *