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Sayona Mining (AU:SYA)
ASX:SYA

Sayona Mining (SYA) AI Stock Analysis

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AU

Sayona Mining

(Sydney:SYA)

52Neutral
Sayona Mining shows strong revenue growth and effective cost management, particularly highlighted in its recent earnings call. However, challenges remain with negative profitability, cash flow difficulties, and a bearish technical outlook. The strategic merger and positive drilling results provide a promising future, but immediate financial and operational improvements are necessary for a higher stock score.

Sayona Mining (SYA) vs. S&P 500 (SPY)

Sayona Mining Business Overview & Revenue Model

Company DescriptionSayona Mining Limited (SYA) is an emerging lithium producer and exploration company based in Australia. It primarily focuses on the development and production of lithium projects in Canada and Australia. Sayona's core business involves exploring and advancing lithium resources to support the growing demand for lithium-ion batteries, which are essential for electric vehicles and renewable energy storage systems.
How the Company Makes MoneySayona Mining makes money by exploring and developing lithium projects and selling lithium concentrates. The company's revenue model is primarily driven by the extraction and sale of lithium-rich spodumene concentrates from its mining operations. Key revenue streams include the sale of these concentrates to battery manufacturers and other entities in the electric vehicle and energy storage sectors. Significant partnerships with local governments, mining companies, and battery manufacturers also contribute to its earnings by facilitating project development and securing long-term supply agreements.

Sayona Mining Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
204.43M200.87M1.70M387.00K645.39K60.43K
Gross Profit
91.67M178.29M-4.47M337.00K593.63K6.86K
EBIT
-140.28M-119.07M-25.79M-20.64M-4.17M-2.95M
EBITDA
-99.26M-78.09M-19.03M-20.57M-3.56M-4.56M
Net Income Common Stockholders
-123.78M-101.40M-13.63M58.89M-4.38M-5.40M
Balance SheetCash, Cash Equivalents and Short-Term Investments
66.29K90.62M211.12M184.56M35.50M492.66K
Total Assets
444.13K952.51M1.01B661.16M71.72M22.19M
Total Debt
0.0030.62M31.21M23.47M52.76K89.10K
Net Debt
-66.29K-60.00M-179.91M-161.09M-35.45M-403.56K
Total Liabilities
644.49K156.88M124.75M100.54M3.84M1.04M
Stockholders Equity
-200.36K665.04M756.16M504.02M61.39M21.15M
Cash FlowFree Cash Flow
-119.92M-193.36M-259.84M-45.67M-15.48M-6.58M
Operating Cash Flow
-52.70M-64.64M-66.48M-13.64M-11.18M-3.58M
Investing Cash Flow
-51.36M-114.04M-129.92M-237.44M2.19M-3.00M
Financing Cash Flow
57.91M60.34M221.25M408.25M44.29M5.21M

Sayona Mining Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.03
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
50.16
Neutral
STOCH
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SYA, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.16 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SYA.

Sayona Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (48)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUIGO
58
Neutral
$2.71B1,418.92-36.53%10.51%-28.50%-532.61%
AUSYA
52
Neutral
$207.78M-17.81%87.89%-344.44%
48
Neutral
$1.91B-1.65-22.29%3.86%0.68%-27.46%
AUMIN
48
Neutral
$3.32B50.78-33.95%4.54%2.22%-411.10%
AUPLS
46
Neutral
$4.60B23.42-1.04%-65.07%-102.37%
AUCXO
41
Neutral
$145.73M-21.25%-70.50%62.71%
AULIT
34
Underperform
AU$15.21M-141.00%37.21%4.76%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SYA
Sayona Mining
0.02
-0.02
-50.00%
AU:MIN
Mineral Resources Limited
16.85
-51.69
-75.42%
AU:LIT
Lithium Australia NL
0.01
-0.02
-64.29%
AU:PLS
Pilbara Minerals Limited
1.40
-2.41
-63.25%
AU:CXO
Core Lithium Ltd
0.07
-0.08
-53.79%
AU:IGO
IGO
3.42
-3.36
-49.55%

Sayona Mining Earnings Call Summary

Earnings Call Date: Feb 27, 2025 | % Change Since: -9.09% | Next Earnings Date: Sep 26, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong performance with significant increases in ore mined, sales, and revenue, alongside effective cost management. Despite minor challenges such as an increase in injury frequency rate and a slight decline in production, the company's strategic merger and promising drilling results indicate a positive outlook.
Highlights
Increased Ore Mined and Strong Mill Utilization
Ore mined increased by nearly 54% quarter-on-quarter, with over 370,000 tonnes mined. Mill utilization was strong at 90%, despite a planned maintenance shutdown.
Record Sales and Revenue Growth
Sales reached a record with 66,000 tonnes of spodumene sold, a 35% increase quarter-on-quarter. Revenue increased by 33% to AUD70 million.
Cost Performance Improvement
Unit operating costs on a tonnes sold basis declined by 6% quarter-on-quarter. The cost improvements were driven by strong production volumes and reduced logistics and processing costs.
Successful Merger Announcement
A definitive merger agreement with Piedmont was signed, creating a leading lithium business with a 50-50 equity split. The merger strengthens Sayona's position and market access.
Promising Drilling Results
Drilling at NAL and Moblan indicated strong potential for resource expansion, with high-grade drill intercepts supporting future growth.
Lowlights
Increase in Injury Frequency Rate
An increase in injury frequency rate was observed, primarily due to exploration activities at Moblan, although overall safety performance is improving compared to FY 2024.
Slight Decline in Spodumene Production
Spodumene concentrate production was slightly down by 2% quarter-on-quarter due to a planned maintenance shutdown and weather-related crusher disruptions.
Decline in Average Selling Price
The average realized selling price for the quarter was AUD1,054, a 1% decline quarter-on-quarter due to pricing formula lags and QP adjustments.
Company Guidance
In the recent earnings call, Sayona Mining Limited provided detailed guidance for the second fiscal quarter of FY 2025, highlighting key operational and financial metrics. The injury frequency rate increased due to exploration activities at Moblan, but overall safety performance improved compared to FY 2024. Ore mined rose by 54% quarter-on-quarter, with mill utilization at 90% despite a planned maintenance shutdown. Lithium recovery improved to 68%, and spodumene concentrate production was slightly down by 2%. Sales hit a record with 66,000 tonnes sold, a 35% increase, leading to a revenue increase of 33% to AUD70 million. The average selling price was AUD1,054, a 1% decline. Unit operating costs fell by 6% to AUD1,258 per tonne sold, with a further reduction to AUD1,088 per tonne produced. Capital expenditure was AUD7 million, with a focus on tailings storage and process optimization. The company reiterated FY 2025 production guidance of 190,000 to 210,000 tonnes of spodumene and unit costs between AUD1,150 and AUD1,300. The merger with Piedmont is expected to enhance financial resilience and market position. Sayona closed the quarter with a cash balance of AUD110 million, up 6% from the previous quarter.

Sayona Mining Corporate Events

Sayona Mining Confirms High-Grade Lithium Potential in Québec
Apr 22, 2025

Sayona Mining Limited has announced the final results of its 2024 drilling campaign at the North American Lithium operation in Québec, Canada, revealing significant high-grade lithium potential. The results confirm the extension of lithium mineralization, paving the way for resource expansion and potential upgrades, reinforcing Sayona’s position as a leading lithium producer in North America and enhancing its prospects for operational expansion.

Piedmont Lithium and Sayona Mining Announce Merger and New Company Name
Apr 10, 2025

Piedmont Lithium and Sayona Mining have announced that their merged entity will be named Elevra Lithium, with a Board of Directors comprising members from both companies. The merger aims to create a leading lithium business, enhancing their market position and operational capabilities in the lithium industry.

Sayona Mining Announces Merger to Form Elevra Lithium
Apr 10, 2025

Sayona Mining Limited has announced a proposed merger with Piedmont Lithium Inc., which will result in the formation of a new entity named Elevra Lithium Limited. The merger aims to create a leading lithium business with a strengthened balance sheet and world-class asset portfolio, positioning the company to accelerate growth and meet rising global demand for lithium. The newly formed Elevra Lithium Board will consist of eight members, with equal representation from both Sayona and Piedmont, to provide strategic oversight and unlock the full potential of their combined assets. This merger is expected to enhance Sayona’s industry positioning and deliver long-term value for shareholders.

Sayona Mining Reports Strong FY25 Half-Year Results Amid Strategic Growth
Feb 28, 2025

Sayona Mining Limited announced its FY25 half-year results, showcasing strong operational performance with a 57% increase in concentrate production and a 59% rise in sales volumes compared to the previous year. Despite a challenging market with declining lithium prices, the company maintained financial resilience, achieving a revenue of $122 million and a closing cash balance of $110 million. The strategic merger with Piedmont Lithium is set to enhance Sayona’s position as a leading North American lithium producer, with extensive exploration efforts further solidifying its resource base and growth potential.

Sayona Mining Releases Interim Financial Report for 2024
Feb 28, 2025

Sayona Mining Limited has released its interim financial report for the half year ending December 31, 2024. The report includes the Directors’ Report, Auditor’s Independence Declaration, Consolidated Financial Statements, Directors’ Declaration, and Independent Auditor’s Review Report. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months, which could influence investor confidence and strategic decisions moving forward.

Sayona Mining to Release FY25 Half Year Report and Host Investor Webcast
Feb 19, 2025

Sayona Mining has announced that its FY25 Half Year Report will be released on February 28, 2025. The company will also host an investor webcast to discuss its financial results, offering stakeholders the opportunity to engage and ask questions, potentially impacting investor relations and market perception.

Sayona Mining Unveils High-Grade Lithium Discoveries in Québec
Jan 31, 2025

Sayona Mining Limited has released updated results from its 2024 drilling program at the North American Lithium operation in Québec, Canada, which highlight the discovery of high-grade lithium mineralization. The drilling program, which included 153 holes totaling over 53,000 meters, confirmed the potential for resource expansion and the upgrade of mineral resources. The results are significant for Sayona’s strategic asset base, potentially leading to a future expansion and supporting the merger with Piedmont Lithium, which aims to further develop this project.

Sayona Mining Unveils High-Grade Lithium Results from Moblan Project
Jan 30, 2025

Sayona Mining Limited has announced promising high-grade lithium results from its 2024 drill program at the Moblan Lithium Project in Quebec, enhancing the project’s potential to expand its mineral resource base. The recent drilling results not only reinforce Moblan’s status as a significant asset in Sayona’s portfolio but also indicate the potential for upgrading resource categories, which may positively impact stakeholders by ensuring the project’s viability as a low-cost lithium producer for the North American battery industry.

Sayona Mining Achieves Strong Operational Performance and Announces Strategic Merger
Jan 30, 2025

Sayona Mining’s latest quarterly report highlights strong operational performance and significant milestones. The company achieved a 54% increase in ore mined and maintained robust spodumene production, leading to a 33% rise in revenue. Despite slight declines in lithium market prices, Sayona improved its unit operating costs and approached cash break-even. A major development was the merger agreement with Piedmont Lithium, positioning Sayona as a leading lithium business. The company also completed a successful capital raise and continues to pursue disciplined spending practices.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.