Lithium Argentina Announces 2023 Production Results For Caucharí-Olaroz; 2023 Production Surpassed Guidance Reaching Approximately 6,000 Tonnes Of Lithium Carbonate.
Portfolio Pulse from Benzinga Newsdesk
Lithium Americas (Argentina) Corp. announced its 2023 production results for the Caucharí-Olaroz lithium project, surpassing guidance with approximately 6,000 tonnes of lithium carbonate produced. The plant is operating at 50% capacity, with the KCl plant ramping up. The company will report year-end financial results on March 21, 2024, and host a conference call on March 22, 2024. The project has been shipping lithium since October and is nearing battery-quality production.
January 10, 2024 | 9:06 pm
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Lithium Americas Corp. exceeded its production guidance for 2023, producing 6,000 tonnes of lithium carbonate at its Caucharí-Olaroz project. The plant is at 50% capacity, with the KCl plant ramping up, and shipments have been ongoing since October.
Exceeding production guidance is a positive indicator of operational efficiency and market supply capabilities, which can lead to increased investor confidence and potential stock price appreciation in the short term.
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