Orocobre Limited announced operating results for the period ended December 31, 2018. For the period the Production was up 65% quarter on quarter (QoQ) to 3,782 tonnes of lithium carbonate, the second best quarter of production at Olaroz achieved to date with sales up 41% to 3,019 tonnes. Quarterly sales revenue was $32 million, down 20% on the previous corresponding period (PCP) with a realised average price achieved of US$10,587/tonne on a free on board basis (FOB)3. Cash costs for the quarter (on cost of goods sold basis)4 were $3,974/tonne, down 14% quarter on quarter and marginally up on PCP excluding the recently announced export tax of $882/t. Gross cash margins (excluding export tax) of $6,613/tonne were down 34% quarter on quarter and down 13% on PCP due to the lower average price received. Orocobre signed three pivotal agreements with joint venture partner Toyota Tsusho Corporation (TTC) - a new Olaroz Shareholders Agreement, Sales and Marketing Agreement and Orocobre Management Agreement (for management of the Olaroz Joint Venture).