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Largo Resources - vanadium, titanium en wolfram

39 Posts
Pagina: «« 1 2 | Laatste | Omlaag ↓
  1. Vanaf de zijlijn 27 november 2019 12:52
    quote:

    DeZwarteRidder schreef op 27 november 2019 09:51:

    [...]
    Toen zaten ze nog dik in de schulden, ik geloof een paar honderd miljoen.
    Ik ben ook niet somber over dit aandeel maar het zakt de laatste paar weken wel erg hard. De Vanadium prijs staat momenteel erg laag dus dat kan alleen maar omhoog gaan. Tevens is deze club schuldenvrij. Heb jij een idee waarom het aandeel zo zakt op dit moment, Ridder?
  2. forum rang 10 DeZwarteRidder 27 november 2019 12:54
    quote:

    Vanaf de zijlijn schreef op 27 november 2019 12:52:

    [...]

    Ik ben ook niet somber over dit aandeel maar het zakt de laatste paar weken wel erg hard. De Vanadium prijs staat momenteel erg laag dus dat kan alleen maar omhoog gaan. Tevens is deze club schuldenvrij. Heb jij een idee waarom het aandeel zo zakt op dit moment, Ridder?
    Geen idee, maar hierdoor kan Largo voor weinig geld een hoop aandelen terugkopen.
  3. forum rang 10 DeZwarteRidder 13 november 2020 08:04
    Largo Resources Announces Second Quarter 2020 Results Highlighted by Continued Low-cost Operations; Overall Sales and Trading Performance In-Line with Expectations

    All dollar amounts are in U.S. dollars, unless otherwise noted.

    Q2 2020 Highlights

    Production of 2,562 tonnes (5.6 million pounds1) of V2O5, an increase of 2.0% over Q2 2019
    Two consecutive months of V2O5 production above nameplate capacity: 1,052 tonnes in May 2020 and 1,030 tonnes in June 2020
    Global V2O5 recovery rate2 of 80.8%; Second quarter of strong global recoveries in 2020
    Solid financial position: Cash at June 30, 2020 totaled $78.2 million
    Record low cash operating costs excluding royalties3 of $1.89 per lb of V2O5 , 44% decrease over Q2 2019 (after tax credit benefits of $2.2 million)
    Revenues of $8.4 million (net of the re-measurement of trade receivables / payables of $2.4 million on vanadium sales from contracts with customers of $10.8 million)
    Net loss of $7.0 million and a loss per share of $0.01
    Company maintains its 2020 sales, cost and production guidance

    Other Significant Highlights

    2019 Sustainability Report released: Including improved performance metrics and new reporting standards
    Nameplate capacity increase by 10%: Planned kiln upgrades and cooler maintenance scheduled for Q4 2020 with a capex of $1.3 million
    2020 drilling program underway following delays caused by COVID-19

    TORONTO, Aug. 13, 2020 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) today announces its second quarter 2020 financial and operating results with revenues of $8.4 million from vanadium pentoxide ("V2O5") equivalent sales of 1,018 tonnes. Production from the Maracás Menchen Mine in Q2 2020 was 2,562 tonnes (5.6 million lbs1) of V2O5 produced at an average global recovery rate4 of 80.8%.

    Paulo Misk, President and Chief Executive Officer for Largo, stated: "The Company's balance sheet and financial position remains solid exiting Q2 2020. Operations performed well during the quarter following our preventative maintenance program and the Company's cash balance at the end of Q2 2020 was $78.2 million. Although profitability was impacted by lower recognized sales during the quarter, the Company's working capital investment was necessary to fill our sales pipeline and build strategic global V2O5 stockpiles in order to fulfil customer demand going forward. Also, despite some minor delays caused by the COVID-19 pandemic, our sales and trading performance remains in-line with expectations. We continue to maintain the Company's 2020 sales guidance of 9,500 to 10,000 tonnes of V2O5 as we realize the economic benefits associated with our commercial independence. Largo has demonstrated substantially lower unit costs versus Q2 2019, despite the fact that such costs now include sales and distribution costs (while under the previous off-take agreement, the Company's sales and marketing commissions were netted off against revenue)."

    He continued: "On the market front, Chinese V2O5 prices strengthened by approximately 15% to $6.95 per lb during Q2 2020 as a result of increased steel sector demand. We continue to receive inquires for our products from end users and remain very optimistic about expected future demand growth as a result of recently announced stimulus programs, globally. Additionally, despite experiencing a period of low demand within the aerospace industry, we continue to prioritize increasing our high purity vanadium customer portfolio, particularly following the completion of our vanadium trioxide plant next year. Our focus remains on capturing these high value sales when demand returns to normalized levels as well as additional sales opportunities in new jurisdictions as the preferred producer and supplier of high purity vanadium."

    He concluded: "I am also very encouraged by the support and dedication shown by our entire team during these challenging times while at the same time achieving operational targets. Since March 2020, our team has supported local seamstress businesses who have produced over 230,000 protective masks which have aided in the fight against the spread of COVID-19 in Maracás. Going forward, we continue to prioritize the health and safety of our workforce and extend our support to our local communities as we proactively manage the circumstances related to the global COVID-19 pandemic."

    A summary of the operational and financial performance for Q2 2020 is provided in the tables below. Effective May 1, 2020, the Company's Canadian and Irish entities have changed their functional currency to the U.S. dollar and the Company has changed its presentation currency from Canadian dollar to the U.S. dollar. Prior period comparative information is restated in U.S. dollars to reflect the change in presentation currency.
  4. forum rang 10 DeZwarteRidder 15 maart 2021 12:45
    Largo Resources Ltd. has added a new press release to its website:

    Largo Resources Announces the Execution of its First Iron Ore Sales Contract
    TORONTO--(BUSINESS WIRE)-- Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is pleased to announce the first sale of iron ore from the Maracás Menchen Mine.
    The Company finalized a sales contract for 14,000 tonnes of iron ore to a leading steel producer on March 12, 2021. Transport of the contracted material has commenced, and full delivery is expected by the end of March 2021. To date in 2021, the Company is currently producing iron ore at a rate that would result in the generation of approximately 500,000 tonnes per annum and has accumulated a total stockpile of approximately 2 million tonnes.
    Paulo Misk, President and Chief Executive Officer of Largo, stated: “Our first sale of iron ore was a key step in validating the commercial viability of this material. This sale also highlights the added benefits of our newly established internal sales division and capitalizes on the higher iron ore price environment. He continued: “It is also a diversification of sources of revenue for the Company as up until now, 100% of the Company’s revenues have been derived from the sale of vanadium products. Material mined from the Maracás Menchen Mine contains vanadium, iron ore and titanium. We will continue to explore the economic feasibility of extracting additional value from the Company’s mineral resource.”

    About Largo Resources
    Largo Resources is an industry preferred, vertically integrated vanadium company. It services multiple vanadium market applications through the supply of its unrivaled VPURE™ and VPURE+™ products, from one of the world’s highest-grade vanadium deposits at the Company’s Maracás Menchen Mine located in Brazil. Largo is also focused on the advancement of renewable energy storage solutions through its world-class VCHARGE± vanadium redox flow battery technology. The Company's common shares are listed on the Toronto Stock Exchange under the symbol "LGO".
    For more information on Largo and VPURE™, please visit www.largoresources.com and www.largoVPURE.com.
  5. forum rang 10 DeZwarteRidder 20 maart 2021 08:17
    TORONTO--(BUSINESS WIRE)-- Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORD) is pleased to announce that the Company’s Board of Directors (the “Board”) has approved the construction of a new ilmenite concentration plant.
    Commercial production from the new plant is expected early in 2023 and the plant's capacity will be approximately 150,000 tonnes of ilmenite concentrate per annum. The Company started an ilmenite pilot plant in October 2019. Based on the promising results, the Board approved construction of a full-scale plant. The advanced engineering and construction of the ilmenite concentration plant is expected to cost approximately US$25.2 million with the majority of these costs being incurred in 2022. The Company is also further evaluating the potential to produce titanium dioxide pigment as a possible follow-on product.
    Paulo Misk, President and Chief Executive Officer of Largo, stated: “The approval of our new ilmenite concentration plant is another step to increase and diversify our revenues. As we work to complete this project, we will also continue to explore the feasibility of extracting additional value from the Company’s mineral resource.”

    About Largo Resources
    Largo Resources is an industry preferred, vertically integrated vanadium company. It services multiple vanadium market applications through the supply of its unrivaled VPURE™ and VPURE+™ products, from one of the world’s highest-grade vanadium deposits at the Company’s Maracás Menchen Mine located in Brazil. Largo is also focused on the advancement of renewable energy storage solutions through its world-class VCHARGE± vanadium redox flow battery technology. The Company's common shares are listed on the Toronto Stock Exchange under the symbol "LGO".
  6. forum rang 10 DeZwarteRidder 19 april 2021 14:00
    Largo Resources Announces First Quarter 2021 Production and Sales Results; Strong Vanadium Market Fundamentals Continue
    04.19.2021

    V2O5 production of 1,986 tonnes (4.4 million lbs1) in Q1 2021 vs. 2,831 tonnes in Q1 2020; Lower production in Q1 2021 was largely a result of the planned shutdown associated with the Company’s cost-efficient nameplate capacity increase
    Commissioning and ramp up of cost-efficient nameplate capacity increase to 1,100 tonnes of V2O5 per month to be completed by the end of Q2 2021
    Global V2O5 recovery rate2 of 77.4% in Q1 2021, a 3% decrease over Q1 2020
    Total V2O5 equivalent sales of 2,783 tonnes in Q1 2021, a 12% decrease over Q1 2020 mainly due to lower production during Q1 2021
    Strong vanadium price increases with main indexes in Europe and U.S. up approximately 30% to 50% in Q1 2021 on the back of solid demand in all key regions
    2021 production, sales and cost guidance maintained

    TORONTO--(BUSINESS WIRE)-- Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) announces first quarter 2021 production and sales results from its Maracás Menchen Mine featuring quarterly production of 1,986 tonnes (4.4 million lbs1) of vanadium pentoxide (“V2O5”) and sales of 2,783 tonnes of V2O5 equivalent.
    Largo Resources Announces First Quarter 2021 Production and Sales Results; Strong Vanadium Market Fundamentals Continue (Photo: Business Wire)

    Largo Resources Announces First Quarter 2021 Production and Sales Results; Strong Vanadium Market Fundamentals Continue (Photo: Business Wire)

    Paulo Misk, President and Chief Executive Officer for Largo, stated: "Production was largely impacted during the quarter as a result of the planned shutdown to complete the upgrades and improvements associated with the Company’s cost-efficient nameplate increase to 1,100 tonnes of V2O5 per month. The related work for this project concluded in January 2021 and we expect to reach the new nameplate capacity by the end of Q2 2021, following the required commissioning and ramp up phases." He continued: “Strong vanadium demand in the Company’s key regions has continued in Q1 2021 with solid volume increases in the steel and chemical sectors. This was highlighted by a more than 50% increase in Europe’s average V2O5 price per lb during Q1 2021 as quoted by Fastmarkets Metal Bulletin. As a result of the severe impacts of COVID-19 pandemic, vanadium demand from the aerospace sector continues to lag, but we expect a gradual recovery from Q3 2021 onwards. Overall vanadium demand is expected to remain solid throughout 2021 as stimulus packages linked to the COVID-19 economic recovery are implemented. A continuous focus on global carbon emission reduction will also support the increased use of vanadium in the traditional steel market as well as in the fast-growing long duration energy storage sector. Recent sales of large scale VRFB systems around the world is further confirming the adaptation of this technology and we remain extremely focused on developing our clean energy division to service to this market with our VCHARGE± battery.”
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