Orocobre Limited Announces Consolidated Earnings and Operating Results for the Year Ended June 30, 2017; Provides Capital Expenditure and Production Guidance for the Year of 2018
The company reported 2017 fiscal year total production of 11,862 tonnes of lithium carbonate, up 72% on fiscal year of 2016.
For the year of 2018, the company expected approximately 14,000 tonnes of lithium carbonate, split 45/55 between the first half and second half of the year.
For the year of 2018, the company expected capital expenditure of USD 12 million to USD 15 million, including CO2 recovery equipment, additional spare parts, process optimisation projects, and previously noted pond management and control systems.