MacMurray Whale's questions to Sigma Lithium Corp (SGML) leadership • Q1 2024
Question
MacMurray Whale of Cormark Securities asked about the drivers behind the significant Q4 cost decreases, the sustainability of the current G&A run rate, and the future of provisional pricing.
Answer
Executive Matthew DeYoe attributed cost savings to improved ferrosilicon recycling and replacing contractors with local labor, and confirmed the lower G&A is a good run rate due to a 'draconian' focus on cost control. CEO Ana Cabral Gardner added that provisional pricing is an element of the past, as the company has moved to a 'fixed floating formula' based on demonstrated product value, creating a partnership with clients. DeYoe noted this retains upside price optionality.