Largo Announces Cost Reduction and Productivity Improvements at its Maracás Menchen Mine; Reports Q1 2024 Production and Sales Results
Largo Inc. - Common Shares (LGO)
Company Research
Source: Business Wire
All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated.Q1 2024 HighlightsV2O5 production of 1,729 tonnes (3.8 million lbs1) in Q1 2024 vs. 2,111 tonnes produced in Q1 2023; Within the lower range of Company’s quarterly production guidance of 1,700-2,200 tonnes for Q1 2024Lower Q1 2024 production was expected and is largely attributable to the completion of the Company’s planned kiln refractory replacement; Annual maintenance actions were performed concurrently in the crushing, milling, ilmenite, leaching and chemical sections of the plant; The Company maintains its annual production guidance for 2024V2O5 equivalent sales of 2,765 tonnes (inclusive of 156 tonnes of purchased material) in Q1 2024 vs. 2,849 equivalent tonnes sold (inclusive of 245 tonnes of purchased material) in Q1 2023; Within the upper range of the Company’s quarterly guidance of 2,300-2,800 tonnesThe Company produced 9,563 tonnes and sold 513 tonnes of ilmenite concentrate in Q1 2024
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News
- Largo Reports First Quarter 2024 Financial Results; Cost Reduction Measures and Productivity Initiatives Underway [Yahoo! Finance]Yahoo! Finance
- Largo Reports First Quarter 2024 Financial Results; Cost Reduction Measures and Productivity Initiatives UnderwayBusiness Wire
- Largo Revises First Quarter 2024 Financial Results Release Date to May 15, 2024Business Wire
- Largo to Release its First Quarter 2024 Financial Results on May 10, 2024Business Wire
- Largo Inc. (NYSE: LGO) had its price target raised by analysts at HC Wainwright from $4.60 to $4.70. They now have a "buy" rating on the stock.MarketBeat
LGO
Sec Filings
- 5/16/24 - Form 6-K
- 5/16/24 - Form 6-K
- 5/10/24 - Form 6-K
- LGO's page on the SEC website