Orocobre Limited Reports Q1FY20 Performance

  • Oct 22, 2019 AEDT
  • Team Kalkine

Orocobre Limited (ASX: ORE), a minerals exploration and production company, reported an increase in production of 35% to 3,093 tonnes on pcp basis for the period ended 30 September 2019 in its Olaroz Lithium Facility. Quarterly sales revenue was US$22.1 million, down by 21% QoQ with a realised average price of US$7,111/tonne on FOB basis.

  • Gross cash margins were down by 40% QoQ to US$2,226/tonne due to the lower average price received;
  • Cash costs for the quarter were US$4,885/tonne, up 9% on QoQ excluding the export tax of US$420/tonne applicable since September 2018.

At AEST 01:29PM, the stock was trading at $2.28 per share, down by 3.5% from its previous close.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK