TORONTO, April 4, 2018 /CNW/ - Largo Resources Ltd. is pleased to announce that it, along with its operating subsidiary, Vanádio de Maracás S.A. , have completed a restructuring and conversion of Vanádio's existing debt facilities with Banco Pine S.A all in accordance with the terms previously announced in the Company's press [...]
Revenues for Q4 2017 exceeded direct mine and mill costs by $29,516; achieved with a Q4 average price of vanadium pentoxide of US$8.13. The posted price range of vanadium pentoxide effective as of March 23, 2018 is US$15.00 to $16.00/lb . 2018 production guidance is 8,950 to 9,950 tonnes of vanadium pentoxide, to be produced at an estimated annual [...]
TORONTO, March 8, 2018 /CNW/ - Largo Resources Ltd. is pleased to announce that it, along with its operating subsidiary, Vanádio de Maracás S.A. , have entered into a binding term sheet for the restructuring and conversion of Vanádio's existing debt facilities with Banco Pine S.A . The existing facilities comprise a BRL [...]
TORONTO, March 5, 2018 /CNW/ - Largo Resources Ltd. is very pleased to announce that it intends to qualify, produce and sell vanadium pentoxide powder via Glencore International AG, the existing exclusive off taker of all vanadium products currently produced from the Maracás Menchen Mine. Largo will begin production of V2O5 powder to [...]
TORONTO, Feb. 12, 2018 /CNW/ - Largo Resources Ltd. announces its support for the new rebar standard announced on February 9, 2018 by the Standardization Administration for the People's Republic of China. This announcement also includes a special action to cut down on the use of all substandard steels in China. The new rebar standard and related [...]
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TORONTO, Jan. 2, 2018 /CNW/ - Largo Resources Ltd. is excited to announce that it has set a new monthly production record at its Maracás Menchen Mine during the month of December 2017. The Company produced 903 tonnes of vanadium pentoxide in December, surpassing by 15 tonnes the Company's previous monthly production record of 888 tonnes set [...]
/STATES./ TORONTO, Dec. 13, 2017 /CNW/ - Largo Resources Ltd. is pleased to announce the closing of the second tranche of its previously announced non-brokered private placement of Units at a price of $0.82 per Unit , for aggregate gross proceeds of approximately $35.5 million . In order to accommodate demand, Largo has also increased the size of [...]
/STATES./ TORONTO, Dec. 7, 2017 /CNW/ - Largo Resources Ltd. is pleased to announce that due to favourable demand for participation in its previously announced non-brokered private placement , , the Offering is being increased from a maximum of $25 million to a maximum of $35 million. The Corporation anticipates that it will close the second [...]
/STATES./ TORONTO, Dec. 1, 2017 /CNW/ - Largo Resources Ltd. is pleased to announce the closing of the first tranche of a non-brokered private placement of Units at a price of $0.82 per Unit , for gross proceeds of up to $25,000,000 . The Corporation raised gross proceeds of $8,091,769 in the First Tranche through the issuance of 9,868,012 Units [...]
Largo is for the first time reporting quarterly net income since its Maracás Menchen Mine started commercial production. Net income for Q3 2017 of $13.5 million compares to a loss of $24.7 million for Q3 2016. Operating cash flows before changes in non-cash working capital items increased to $29.5 million, from $11.0 million in Q2 2017 and [...]
TORONTO, Oct. 26, 2017 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQB: LGORF) is pleased to announce the results of an independent National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") Technical Report (the "Technical Report"), containing a Life of Mine Plan ("LOMP") for its [...]