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Largo Inc. Common Shares - $LGO STOCK NEWS

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Largo Inc. (TSX: LGO) (NASDAQ: LGO) will release its first quarter 2024 financial results on May 10, 2024, and host a conference call on May 13, 2024, to discuss the results and provide updates. Investors can join the call via phone or online platform. For more information, visit the Company's Investor Resources section on their website.

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Largo Inc. announces cost reduction and productivity improvements at Maracás Menchen Mine, reporting Q1 2024 production and sales results. The company aims to optimize cash use by reducing haulage distances, costs, and contractors, with annual cost guidance maintained. Despite lower Q1 2024 production due to maintenance, production and sales targets for 2024 are on track. Quarterly ilmenite sales were below guidance but expected to increase. Extensive changes include annual maintenance, replacement of kiln refractory, and new cost reduction measures. Negotiations for a joint venture with Stryten Energy are ongoing.

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Largo Inc. reports Q4 2023 revenues of $44.2 million, a 7% decrease from Q4 2022, with a net loss of $13.3 million. The company's adjusted EBITDA increased by 138% in Q4 2023. Annual revenues for 2023 were $198.7 million, 13% below 2022, with a net loss of $32.4 million. Largo Clean Energy deployed a 6 megawatt-hour vanadium flow battery for Enel Green Power España. The company signed a letter of intent with Stryten Energy for a joint venture. The vanadium market saw a decrease in prices in Q4 2023.
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Largo Inc. announces a non-binding letter of intent with Stryten Energy to establish a joint venture for vanadium redox flow battery manufacturing. The collaboration aims to revolutionize the long-duration energy storage sector in North America, tapping into a market worth hundreds of Gigawatts. The partnership would create a vertically integrated vanadium supply chain to meet the growing demand for VRFB solutions. The agreement is driven by LCE's innovative technology and Stryten's electrolyte production capabilities, aiming to reduce costs and accelerate commercial adoption of vanadium battery technology.
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Largo Inc. (LGO) to release Q4 and annual 2023 financial results on March 21, 2024, followed by a conference call on March 22, 2024, to discuss the results and updates.
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Largo Inc. (TSX: LGO) identifies significant platinum group metals in non-magnetic tailings ponds and ilmenite stockpile at Maracás Menchen Mine. The Company plans additional drill programs and database reviews to enhance understanding of PGM grades. Higher PGM grades may be associated with non-magnetic material, offering potential additional by-products. Results show promising PGM grades in ongoing exploration work, with updates expected on exploration progress.
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Largo Inc. reports a 38% increase in quarterly V2O5 production in Q4 2023 compared to Q4 2022, achieving a 2023 annual production within the guidance range. The company's global V2O5 recovery also increased, with a record production of high purity V2O5 equivalent. However, the decline in vanadium prices is expected to negatively impact Q4 2023 financial results.
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Largo Inc. (TSX: LGO) (NASDAQ: LGO) is expanding its exploration program surrounding its Maracás Menchen Mine, aiming to establish a correlation between known mineralization intercepted from Novo Amparo North to the Campbell Pit. The company is reviewing exploration work south of the Campbell Pit to assess potential continued mineralization, with a focus on a 7 km mineralized trend. The 2023 drill program consisted of 19 drill holes and 245 surface samples in the Northern District, with initial results showing confidence in the continuity of mineralization between the Campbell and GAN mineralized zones.
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Largo Inc. (TSX: LGO) (NASDAQ: LGO) announces Q3 2023 financial results, reporting revenues of $44.0 million, a net loss of $11.9 million, and the first commercial shipment of ilmenite as a by-product of its vanadium operations in Brazil. The vanadium market saw a 2.5% decrease in average benchmark price per lb of V2O5 in Europe. The company faced challenges due to a tragic accident and technical delays impacting vanadium production in Q3 2023.
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Largo Inc. (TSX: LGO) (NASDAQ: LGO) will release its Q3 2023 financial results on November 8, 2023. A conference call to discuss the results and other updates will be held on November 9 at 1:00 p.m. ET.
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Largo Inc. Common Shares

Nasdaq:LGO

LGO Rankings

LGO Stock Data

106.97M
35.87M
0.18%
67.19%
0.79%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Toronto

About LGO

largo resources ltd. (tsx-v:lgo) is a mid-tier mining development company primarily focused on ramping-up production of vanadium at its maracás menchen mine in brazil. largo has accomplished a unique feat in the mining industry, by successfully financing, building and bringing a project to production in a trying market environment and in a unique commodity. largo’s maracás menchen mine boasts the highest grade vanadium deposit yet discovered and is expected to be a low cost producer. with an off-take in place with commodities giant glencore, largo is well positioned to become the leading producer of vanadium globally and expects to generate substantial cash-flows. vanadium is primarily used as an alloy to strengthen steel and reduce its weight. vanadium enhanced steels are used in a vast and growing range of products that we use and encounter every day; including, rebar, automobiles, transport infrastructure etc. with a compound annual growth rate of over 6% for the past several