Largo Reports Record Production at Maracas Menchen Mine in July

Largo Resources Ltd. (TSXV:LGO) provided an update on recent production at its Maracas Menchen mine in Brazil, which showed it has produced 607 tonnes of vanadium pentoxide during the month of July. The company also provided an overview of its operational outlook for the mine.
As quoted in the press release:

The Company is pleased to report that it has produced 607 tonnes of vanadium pentoxide during the month of July, surpassing its previous record for monthly production of approximately 487 tonnes set in May, 2015, or by 25%.
Overall production rates have improved dramatically averaging approximately 19.6 tonnes per day, or approximately 74% of the Plant’s capacity during the month of July. The Plant has also recently demonstrated its ability to produce at higher rates more consistently. For example, it produced at or above 20 tonnes per day, or approximately 75% of the plant’s capacity, for a total of 18 days in July and of those, a total of 11 days were at or above 23 tonnes per day, which represents approximately 87% of the plant’s capacity.
The majority of the Company’s engineering optimization projects are already in the process of being implemented, however, due to long lead times (including engineering, construction and delivery) of several key items, the majority will not be commissioned and operational until the end of the third quarter 2015.
Although Largo believes it will continue to achieve full capacity rates over periods of time, and that production rates will continue to improve in general during the third quarter, it now anticipates that it will achieve nameplate capacity rates on a stable and continuous basis during the fourth quarter of 2015 following the completion and commissioning of all its ongoing optimization projects.

Click here to read the full Largo Resources Ltd. (TSXV:LGO) press release.