Constanza González Muñoz's questions to Sociedad Quimica y Minera de Chile SA (SQM) leadership • Q1 2025
Question
Constanza González Muñoz from Quest Capital requested details on the cost assumptions for the Mt. Holland project, asking about cost levels seen in the quarter and whether depreciation was being included in the figures provided.
Answer
Andres Fontannaz, Commercial VP of SQM International Lithium, reiterated that the project is in ramp-up mode with consequently higher costs, but emphasized that it is cash flow positive at current prices. Gerardo Illanes, VP of Services & Finance, clarified that the commentary on Mt. Holland's costs referred specifically to cash cost, which does not include depreciation.