Lithium Americas (Argentina) Corp
LAAC: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 21.00 | Vzjnln | Vbwxhyvps |
Lithium Argentina: Initial Production Exceeds Guidance
Lithium Argentina reported 2023 operational results on Jan. 10. In the fourth quarter, the company began to generate revenue as its first resource, Cauchari-Olaroz, entered production. Cauchari-Olaroz produced 6,000 metric tons of lithium during the quarter, which surpassed management's guidance of 5,000 metric tons. For now, we maintain our $25/CAD 34 fair value estimate. Our narrow moat rating is also unchanged.