Publicidade
Vale (VALE3) reported its Q4 results on Wednesday (19), after the market closed. The mining company recorded a net loss (attributable to shareholders) of US$ 694 million in the fourth quarter of 2024. A year earlier, the profit had been US$ 2.418 billion.
Read in portuguese: Vale (VALE3) reverte lucro e tem prejuízo de US$ 694 mi no 4º tri
The average consensus projection from LSEG was for a net profit of US$ 1.947 billion in Q4, with net revenue of US$ 10.106 billion and earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$ 3.955 billion.
Continua depois da publicidade
According to the mining company’s explanation, the loss is attributed to the impact of recognizing a reduction in the recoverable value of US$ 1.4 billion related to Thompson’s nickel operations. Additionally, the company also highlights US$ 540 million related to the Voisey’s Bay Mine Extension project.