Largo Resources announced today the pricing of the previously announced secondary offering by the selling shareholders listed below for an aggregate of 60,000,000 common shares at a public offering price of $1.40 per share, for an aggregate price to the public of $84,000,000. The Offering is expected to close on or about July 24, 2018, subject to [...]
Largo Resources is pleased to provide guidance on its expected revenue for the three month period ending June 30, 2018 anticipating revenue of between CDN$99 million and CDN$107 million, a new quarterly revenue record for the Company. Our anticipated Q2 2018 revenue would represent an increase of between approximately 176.6% and 198.9% over Q2 [...]
Total production of 2,458 tonnes of V2O5 in Q2 2018, a 13% increase over Q2 2017 and a 11% increase over Q1 2018 New average daily production record for June of 29.4 tonnes of V2O5 produced per day Overall V2O5 recovery rate of 79.2% achieved in Q2 2018 TORONTO, July 10, 2018 /CNW/ - Largo Resources Ltd. is pleased to report second quarter 2018 [...]
TORONTO, July 3, 2018 /CNW/ - Largo Resources Ltd. announces voting results from its Annual Meeting of Shareholders held on, Thursday, June 28, 2018. A total of 420,899,466 common shares of the Company, representing 81% of the Company's issued and outstanding common shares were voted and the below individuals were elected as directors of the [...]
/STATES/ TORONTO, June 22, 2018 /CNW/ - Largo Resources Ltd. reports that it filed a preliminary short form prospectus with the securities regulatory authorities in the provinces of British Columbia, Alberta, Manitoba and Ontario in connection with a proposed marketed secondary offering of 70,977,885 common shares by the Selling Shareholders listed [...]
TORONTO, May 31, 2018 /CNW/ - Largo Resources Ltd. reports that operations at its Maracás Menchen Mine have been minimally impacted by the national truckers' strike in Brazil which was settled as of May 30, 2018. Production is scheduled to restart as early as May 31, 2018. Until recently, the Company had been able to utilize its supplies [...]
TORONTO, May 29, 2018 /CNW/ - Largo Resources Ltd. is pleased to announce that the Company has been upgraded from the OTCQB® Venture Market and will commence trading on the OTCQX® Best Market under the symbol LGORF effective immediately. The Company's common shares will continue to trade on the Toronto Stock Exchange under the symbol LGO [...]
NEW YORK, May 29, 2018 /PRNewswire/ -- OTC Markets Group Inc. , operator of financial markets for 10,000 U.S. and global securities, today announced Largo Resources Ltd. , a mining company focused on the production of vanadium pentoxide in Brazil, has qualified to trade on the OTCQX® Best Market. Largo Resources upgraded to OTCQX from the [...]
TORONTO, May 22, 2018 /CNW/ - Largo Resources Ltd. announces the closing of its private placement offering of US$150 million aggregate principal amount of senior secured notes due in 2021 . The Notes are callable in years 2 and 3, and carry a coupon of 9.25%. As previously announced on May 17, 2018, the net proceeds of the Offering, being [...]
TORONTO, May 17, 2018 /CNW/ - Largo Resources Ltd. announces the successful, same-day launch and pricing of its private note offering totaling US$150.0 million in aggregate principal amount. Such senior secured notes are due in 2021, callable in years 2 and 3, and carry a coupon of 9.25% . Upon closing of the Offering, the net proceeds of the [...]
Net income of $45.8 million and earnings per share of $0.09 Revenues of $91.0 million in Q1 2018, a 210% increase over Q1 2017 Cash provided before non-cash working capital items of $61.9 million in Q1 2018, an increase of $56.8 million over Q1 2017 Total production of 2,214 tonnes of V2O5 in Q1 2018, a 7% increase over Q1 2017 Average V2O5 price [...]
Enhanced production rates will increase monthly production at the Maracás Menchen Mine to 1,000 tpm of V205, being a 25% increase from nameplate capacity Additional significant free cash flow generation expected from operations as a result Management believes total capacity could be expanded by an additional 100 tonnes to 1,100 tpm of V2O5 [...]