It is hard to tell what exactly (money wise) did they make , but they got some  reactions:

TD Cowen analyst David Deckelbaum maintained a Buy rating on Lithium Americas (Argentina) Corp. (LAAC – Research Report) yesterday and set a price target of $6.00.

David Deckelbaum’s rating is based on the recent performance and future prospects of Lithium Americas (Argentina) Corp. The company’s production volumes for the first quarter were consistent with Deckelbaum’s estimates, indicating a positive trend in production growth despite weather-related setbacks. Furthermore, the firm’s forecast for the fiscal year 2024 points to stable operations and a significant increase in production. The analyst is also encouraged by the company’s management’s commitment to reducing costs, as evidenced by decreased exploration spending and administrative expenses, which align with their goal of cutting these costs by 25% for the year.

Additionally, Deckelbaum finds the financial position of Lithium Americas (Argentina) Corp. promising, with considerable cash on hand and expected inflows from collateral release and strategic investments. The $70 million investment by Ganfeng for a 15% interest in the Pastos Grandes project is anticipated to further strengthen the balance sheet. The company’s ongoing development plans and partnerships, such as with Ganfeng, are viewed as positive steps toward expanding their growth portfolio. These factors contribute to the analyst’s confidence in the company’s potential, leading to the Buy rating recommendation.