STOCK TITAN
  1. Home
  2. News
  3. LGO

Largo Inc - LGO STOCK NEWS

Welcome to our dedicated news page for Largo (Ticker: LGO), a resource for investors and traders seeking the latest updates and insights on Largo.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Largo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Largo's position in the market.

News
Largo Reports Fourth Quarter and Full Year 2023 Financial Results; Continued Focus on Operational Improvements and Cost Reduction to Offset Depressed Vanadium Prices
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.82%
Tags
earnings
-
News
Largo Announces a Proposed Joint Venture with Stryten Energy to Bring Innovation and Scale to North American Vanadium Flow Battery Market
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.32%
Tags
none
-
News
Largo to Release its Fourth Quarter and Annual 2023 Financial Results on March 21, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
Tags
earnings
News
Largo Identifies Significant Platinum-Palladium Grades from Sampling of the Non-Magnetic Tailings Ponds at its Maracás Menchen Mine; Commences Further Analysis of Platinum Group Metals as Part of its Ongoing Exploration Program
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.23%
Tags
none
-
News
Largo Reports Fourth Quarter and Full Year 2023 Operational and Sales Results Highlighted by Record Quarterly High Purity V2O5 Production; Provides 2024 Guidance
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.97%
Tags
none
-
News
Largo Provides Update on the Ongoing Exploration Program Surrounding its Maracás Menchen Mine in Brazil
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags
none
News
Largo Reports Third Quarter 2023 Financial Results; Announces First Commercial Shipment of Ilmenite as By-Product of its Vanadium Operations in Brazil and Validation of its 6 MWh Vanadium Redox Flow Battery to Operate on Test Conditions in Spain
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.98%
Tags
earnings
-
News
Largo to Release Third Quarter 2023 Financial Results on November 8, 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
earnings
-
News
Largo Reports Third Quarter 2023 Production and Sales Results and Begins Hot Commissioning of its 6.1 MWh Vanadium Redox Flow Battery; Production and Cost Guidance Remains Unchanged
Rhea-AI Summary
Largo Inc. reports Q3 2023 production of 2,163 tonnes and sales of 2,385 tonnes of V2O5 equivalent. The company maintains its production, cost, and capex guidance for 2023. The hot commissioning phase of the Enel Green Power España VRFB deployment is nearing completion. The review of strategic alternatives for Largo Clean Energy is ongoing. Despite setbacks, the company remains focused on safety and improving operational efficiencies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.99%
Tags
earnings
News
Largo Initiates Review of Strategic Alternatives for Largo Clean Energy to Evaluate Opportunities to Maximize Value in the Clean Energy Transition
Rhea-AI Summary
Largo Inc. initiates strategic review to maximize value of Largo Clean Energy Corp.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
none
Stock LGO logo
Largo Inc

Nasdaq:LGO

LGO Rankings

#4254 Ranked by Market Cap
#5019 Ranked by Stock Gains
N/A Ranked by Dividends

LGO Stock Data

100.14M
35.87M
0.18%
67.19%
0.79%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
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