Sigma Lithium Corporation (NASDAQ:SGML) Q3 2024 Earnings Conference Call November 15, 2024 8:00 AM ET
Company Participants
Ana Cabral - Chief Executive Officer
Rogerio Marchini - Chief Financial Officer
Matthew DeYoe - Executive Vice President for Corporate Affairs and Strategic Development
Conference Call Participants
Steve Byrne - Bank of America Merrill Lynch
Katie Lachapelle - Canaccord Genuity Corp.
Joel Jackson - BMO Capital Markets
Shannon Gill - Cormark Securities Inc.
Operator
Good morning, everyone. My name is Rob, and I will be your operator today. Welcome to the Sigma Lithium Third Quarter 2024 Earnings Conference Call. Today's call is being recorded and is broadcast live on Sigma's website.
On the call today is the Company's CEO, Ana Cabral; CFO, Rogerio Marchini; Company Executive Vice President, Matthew DeYoe; and Vice President, Investor Relations, Irina Axenova.
We will now turn the call over to the Sigma team.
Unidentified Company Representative
Thank you, Rob. Good morning, everyone, and thank you for joining us on our third quarter 2024 earnings conference call.
On the call with me today are Company's CEO and Co-Chairperson, Ana Cabral; and CFO, Rogerio Marchini. Earlier this morning, we published our 3Q press release and posted our financial results, which are available through both SEC and SEDAR.
Before we begin, I'd like to cover two items. First, during the presentation, you will hear certain forward-looking statements concerning our plans and expectations. We note that actual events or results could differ materially from changes in market conditions in our operations. And additionally, earnings referenced in this presentation may exclude certain non-core and nonrecurring items. Reconciliations to the most comparable IFRS financial measures and other associated disclosures, including descriptions of adjustments can be found in the back of the release.
With that, I will pass the call over to Ana. Ana?
Ana Cabral
Hi. Good morning, everyone. Well, this quarter, we achieved a production in low industry cost targets. We generated robust free cash flow, and we demonstrated our operational resilience to lithium cycles. We also benefited from a shift in our commercial strategy, which helped us navigate industry seasonality and price volatility, enabling us to secure final higher average realized prices compared to the price bulleting benchmarks.
Over the last year, you followed us on this journey, and we are very proud to have transformed Sigma from an emerging producer into this industry leader, demonstrating the operational and financial resilience of a mature producer showing dependability and consistency. Meanwhile, we have managed to deliver all of our climate goals, and we reached net zero one-year in advance of our target, 27 years ahead of the industry with our Quintuple Zero Green Lithium, which became a brand.