Largo Resources Sets New Record for Vanadium Production

Largo Resources (TSXV:LGO) has surpassed all previous daily, weekly and monthly production records at its Maracás Menchen vanadium mine for the month of May.
As quoted in the press release:

The company produced 780 tonnes of vanadium pentoxide (“vanadium” or “V₂O₅“) in May 2016, surpassing its previous record for monthly production of approximately 730 tonnes set in April 2016 by 7%.
Largo is also very pleased to announce that it achieved a new daily production record on Monday, May 23, 2016 of 34 tonnes of V₂O₅ (representing approximately 128% of the plant’s daily nameplate capacity).
The Company also recently achieved a new weekly production record of 198 tonnes of V₂O₅ during the week of May 24, 2016 (representing approximately 28.3 tonnes per day or 107% of nameplate capacity).

Largo President and CEO, Mark Smith, said:

With two months of consistent and record breaking production, our production team in Maracás has once again demonstrated the on-going success of the project. Largo is on the cusp of achieving nameplate capacity with these records and together with cost efficiencies, improved operational performance and an increase in V₂O₅ price, the Company will continue to be focused on creating strong shareholder value.

Click here for the full press release.