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Mar 31, 2024
Tmc Q1 2024 Earnings Report
Reported a net loss with increased exploration and evaluation expenses.
Key Takeaways
TMC reported a net loss of $25.2 million for Q1 2024, compared to a net loss of $13.7 million for Q1 2023. Exploration and evaluation expenses increased due to mining, technological, and process development costs.
Held approximately $4.0 million in cash at the end of the quarter.
Net loss was $25.2 million, or $0.08 per share.
Exploration and evaluation expenses were $18.1 million.
General and administrative expenses were $6.6 million.
Forward Guidance
The company believes that its total liquidity will be sufficient to meet its working capital and capital expenditure commitments for at least the next twelve months.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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