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 [...]
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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 [...]
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 [...]
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Largo Resources Ltd. is pleased to announce the renewal of its Superintendência do Desenvolvimento do Nordeste tax incentive which extends the Company's current tax rate of 15.25% to December 2028. The Company's current SUDENE tax incentive reduces its effective tax rate from 34.0% to 15.25% and was granted in January 2015 for a period of [...]
All financial figures are in Canadian dollars unless otherwise stated. Q3 2019 Highlights Production of 2,952 tonnes of V2O5, a 15% increase over Q3 2018 Cash operating costs excluding royalties2 of US$2.81 per pound of V2O5, a decrease of 8% over Q3 2018 Revenues of $32.1 million Net loss of $8.6 million and a loss per share of $0.02 Cash balance [...]
Largo Resources Ltd. is pleased to announce the appointment of Francesco D'Alessio as Head of Sales, Americas effective October 21, 2019. In this position, Mr. D'Alessio will support the Company's vanadium sales and trading business with a particular focus on the North and South American markets. Paulo Misk, President and Chief Executive Officer [...]
Record V2O5 production of 2,952 tonnes in Q3 2019, an increase of 17% over Q2 2019 and 15% over Q3 2018 Global V2O5 recovery rate2 of 78.1% in Q3 2019 compared to 79.1% in Q2 2019 and 77.1% in Q3 2018 Average annual cash operating costs excluding royalties1 guidance lowered to US$3.30 to $3.40 per pound of V2O5; Production guidance maintained [...]
TORONTO, Sept. 9, 2019 /CNW/ - Largo Resources Ltd. announced today that the Company's President and Chief Operating Officer, Paulo Misk, has been promoted to President and Chief Executive Officer, effective September 8, 2019. Mr. Misk succeeds Mark Smith as CEO and Director. The Company also announced that J. Alberto Arias, a director since 2011 [...]
Largo Resources Ltd. announces that it has formally given notice to Glencore International AG of the nonrenewal of its off-take agreement dated May 14, 2008. In accordance with this notice, the off-take agreement will expire effective April 30, 2020. Mark Smith, Chief Executive Officer stated: "Our current off-take agreement was instrumental in [...]
