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Some of the highlights include record quarterly vanadium pentoxide production and a new record overall V2O5 recovery.
Largo Resources (TSX:LGO,OTCQX:LGORF) has released its Q3 2018 production results for its Maracás Menchen mine in Brazil. Some of the highlights include record quarterly vanadium pentoxide production and a new record overall V2O5 recovery.
As quoted from the press release:
The Maracás Menchen mine achieved yet another quarterly production record of 2,563 tonnes of V2O5 produced in Q3 2018 compared to 2,513 tonnes in Q3 2017 and 2,458 in Q2 2018. This marks the third consecutive quarter of strong production in 2018 and the highest quarterly production recorded in the company’s history.
Overall V2O5 recovery rates averaged 77.1 percent during the quarter, in line with Q3 2017. The company exited the quarter with record overall V2O5 recovery rates averaging 82.2 percent in September, the highest monthly average rate recorded in the company’s history. Overall, management expects production from Maracás to continue at these levels for the balance of the year and production should exit 2018 around the upper range of the company’s revised 2018 guidance.
Mr. Smith, Chief Executive Officer of Largo, stated: “The Maracás Menchen mine demonstrated another strong operational quarter in Q3 with record production of 2,563 tonnes of V2O5, while also achieving the highest monthly average overall V2O5 recovery rate in the company’s history. With 7,235 tonnes of V2O5 produced so far this year, the company is well positioned to achieve the upper end of its increased and revised 2018 guidance range of 9,150 to 10,150 tonnes of V2O5 produced for the full year.”