Sigma Lithium Corporation (NASDAQ:SGML) Q3 2023 Earnings Call Transcript

They’re so big, the G&A gets diluted over. They are now at 1.4 million tonnes of concentrate. So it’s a giant number, that is about 5x our size. So we’re tripling. So the more we increase the scale of production, the less the G&A matters because it gets diluted down. So when you look at the fundamentals of the cost, it just gets better by simply basically diluting down the fixed cost over a larger number of units, right? So essentially, this is actually the demonstration of the resilience of the business. I mean we can expand confidently because the costs actually decreased.

Operator: There are no more questions in the queue. This concludes our question-and-answer session. I’d like to turn the conference back over to CEO, Ana Cabral, for any closing remarks.

Ana Cabral Gardner: Well, I want to really thank all of our investors that have believed in us, that have stayed with us. We have a very steady roaster of top investors that have stayed with Sigma over the cycle, almost right financial sponsors that we are. And the fundamental investors, you have seen through the value. And what we are hoping to do is to reward them beautifully with the execution, the flawless execution, the strategic vision, the execution of the strategic review. We do see Sigma as a key instrumental player in the global lithium industry, a real force for good because we brought the conversation of zero carbon, zero tailing and environmental sustainability and social sustainability in lifting the people and achieving social goals, achieving climate goals while delivering sheer profitability on the metrics, while delivering an incredibly profitable and incredibly resilient business.

So it has not affected us at all to be the most sustainable lithium company in the world as far as metrics, which shows the way forward for the industry. It’s a matter of will, right? It’s a matter of cost discipline, operational efficiency. And then you become where we are, which is the bedrock of the zero-carbon battery. So we’re very, very proud of this quarter. We’re very, very proud of being profitable in the first operating revenue quarter, and that’s thanks to you all into your unwavering support over the years. So I’m very honored to have the investor base that I have. And with that, I’ll close my remarks.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.