Largo sets V2O5 production high in 2018, record revenues on strong prices

Largo Resources achieved new highs in 2018 for production and revenue at its Maracas Menchen mine in Brazil, with record output of vanadium pentoxide.

The Toronto-based vanadium producer showed total production of 9,830 tonnes of vanadium pentoxide (V2O5) in 2018 at the mine in the state of Bahia. This exceeded midpoint guidance of 9,650 tonnes by 2% and was a 6% increase over the total for 2017. This made 2018 the strongest full year of production from the mine since operations commenced in 2014, the company said this week. Largo also achieved a new quarterly production record in the fourth quarter of 2018, with 2,595 tonnes of V2O5 produced. This was up by 1% from the previous quarter and meant that growth was up in every quarter of the year. Since then, production in January 2019 totaled 816 tonnes of V2O5, and 735 tonnes in February. Production in...

Published

Ewa Manthey

March 28, 2019

13:45 GMT

London