Wednesday, March 27, 2019

Largo Resources Ltd. - LGO.t

Largo Resources Ltd. - LGO.t is focused on the production of vanadium at its flagship Maracás Menchen Mine in Brazil.

The Maracás Menchen Mine boasts one of the highest-grade vanadium resources in the world and is one of the lowest-cost producers. Construction began in June 2012 and initial production of vanadium flake commenced in Q3 2014.

On March 26, 2019 the company released News

Largo Resources Announces Record Full Year Production and Net Income of $316.0 Million in 2018

Q4 2018 Highlights

  • Net income of $108.0 million and basic earnings per share of $0.21 in Q4 2018
  • Revenues of $177.5 million in Q4 2018, a 262% increase over Q4 2017 and a 19% increase over Q3 2018
  • Cash provided before non-cash working capital items of $134.4 million in Q4 2018, an increase of $112.9 million over Q4 2017
  • Record production of 2,595 tonnes of V2O5 in Q4 2018