Largo Resources Ltd. is pleased to announce the release of its 2019 sustainability report, highlighted by new performance metrics and reporting standards. Paulo Misk, President and Chief Executive Officer stated: "Largo's second annual report on sustainability performance marks another significant milestone in achieving our objective of becoming an industry leader in responsible mining practices. In 2019, we increased our [...]
V2O5 production of 2,562 tonnes in Q2 2020, a 2.0% increase over Q2 2019 Global V2O5 recovery rate2 of 80.8% in Q2 2020 compared to 79.1% in Q2 2019 Nameplate capacity increase by 10%: Planned kiln upgrades and cooler maintenance scheduled for Q4 2020 with a capex of US$1.3 million First independent vanadium shipment made on May 14, 2020 Operations at the Maracás Menchen Mine continued in Q2 2020; 2020 guidance maintained [...]
Largo Resources Ltd. announces voting results from its Annual and Special Meeting of Shareholders held on Monday, June 8, 2020. A total of 447,446,948 common shares of the Company were voted at the Meeting, representing 79.5% of the Company's issued and outstanding common shares. Shareholders voted to approve all matters brought before the Meeting including the election of all director nominees, the re-appointment of [...]
All financial figures are in Canadian dollars unless otherwise stated. Q1 2020 Highlights Net income of $5.7 million and basic earnings per share of $0.01 Cash operating costs excluding royalties1 of US$2.79 per lb of V2O5, a decrease of 18% over Q1 2019 Production of 2,831 tonnes of V2O5, a 35% increase over Q1 2019 V2O5 sales of 3,170 tonnes, a 51% increase over Q1 2019 Revenues of $58.2 million , an increase of 31 [...]
Strategic sales and marketing transition proven successful: Over 85% committed on guided annual sales for 2020 Sales and trading team fully operational out of its two commercial offices in Dublin, Ireland and Washington DC, USA. The Company announced the launch of VPURE™ and VPURE+™, newly developed brands for the Company's vanadium products in January 2020 Largo Resources Ltd. announces that in accordance with its notice [...]
Largo Resources Ltd. will release its first quarter 2020 financial results on Tuesday, May 12, 2020 after the close of market trading. Additionally, the Company will host a conference call to discuss its first quarter 2020 operating and financial results on Wednesday, May 13 at 10:00 a.m. EST. Details of the conference call are listed below: Date: Wednesday, May 13, 2020 Time: 10:00 a.m. EST Dial-in Number: Local [...]
Largo Resources Ltd. announces first quarter 2020 production results from its Maracás Menchen Mine with production of 2,831 tonnes of vanadium pentoxide produced at an average global recovery rate2 of 79.9%. Total production in Q1 2020 from the Maracás Menchen Mine was 2,831 tonnes of V2O5 representing an increase of 35% over Q1 2019. Production in January 2020 was 956 tonnes of V2O5, with 915 to...
Largo Resources Ltd. announces its 2019 financial results highlighted by record annual production of 10,577 tonnes of vanadium pentoxide and the lowest annual cash operating costs excluding royalties2 achieved to date of US$2.95 per pound of V2O5. The Company recorded a net loss of $36.2 million in 2019 largely due to lower vanadium prices and the re-measurement of trade receivables / payables as part of its offtake agreement which expires on April 30, 2020.
Paulo Misk, President and Chief Executive Officer for Largo, stated: "Profitability was impacted in Q4 2019 and in 2019 as a consequence of lower vanadium prices and largely due to a total re-measurement of trade rece
Largo Resources Ltd. will release its 2019 audited annual financial results on Friday, March 20, 2020 after the close of market trading. Additionally, the Company will host a conference call to discuss 2019 operating and financial results on Monday, March 23 at 10:00 a.m. EST. Details of the conference call are listed below: Date: Monday, March 23, 2020 Time: 10:00 a.m. EST Dial-in Number: Local / International: +1 [...]
https://youtu.be/Y56xxe2WC_I The View from the C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest View from the C-Suite videos visit www.tmxmoney.com/en/news/csuite.html) About Largo Resources Ltd. Largo is a Toronto-based [...]
Largo Resources Ltd. is pleased to announce the launch of VPURE and VPURE+, newly developed brands for the Company's industry preferred line of vanadium products. Paulo Misk, President and Chief Executive Officer of Largo stated: "Largo's vanadium products have an exceptional industry reputation worldwide. With our vanadium products now branded, new and existing customers can easily identify the Company's products offered [...]
Strong Q4 2019 operational finish: Production of 3,011 tonnes of V2O5 in Q4 2019, a 16% increase over Q4 2018 Record FY 2019 production, achieving midpoint production guidance: 10,577 tonnes of V2O5 produced in 2019, an increase of 8% over FY 2018 Record monthly V2O5 production of 1,162 tonnes in December 2019 Maracás Menchen Mine expansion project completed in December 2019 New safety record: 238 days without a [...]
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