Largo (LGO) provided an update on the progress of the operational turnaround plans, highlighted by increased production rates for both vanadium pentoxide and ilmenite concentrate in May. As part of a continued focus on stabilizing and enhancing operational performance at its Maracas Menchen Mine, the company reports that V2O5 production in May was 835 tons, representing a 75% increase compared to April production of 401 tons. Ilmenite concentrate production for May was 3,025 tons, representing a 65% increase compared to April production of 1,833 tons. These improvements continue to highlight the effectiveness of measures implemented under the operational turnaround plans previously announced.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LGO:
- Largo Inc. Secures $10 Million Factoring Facility to Boost Liquidity
- Largo price target lowered to C$3 from C$4 at RBC Capital
- Largo price target lowered to $3.70 from $3.90 at H.C. Wainwright
- Largo Resources Reports Q1 2025 Financial Results
- Largo Inc. Reports Q1 2025 Financial Results Amid Vanadium Market Challenges