Time for lithium producers to come clean on costs
“How come if their costs are so far below their realised selling prices, they only made A$50m of free cash in the quarter?” A colleague asked me this recently when an Australian hard rock lithium producer reported its quarterly results. And it was a good question. It only took a few minutes to go back to the company’s release and understand that the so-called indicative “cost” actually excluded royalties. And it also excluded sustaining costs. And it also excluded a number of other cost items which I would regard as extremely relevant for a mining company. Unfortunately this sort of...
Topics
AISC
ASX
Cash costs
Costs. C1
Disclosure
Lithium
quarterlies
