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Largo Resources (CVE:LGO) reports it has produced 730 tonnes of vanadium pentoxide during the month of April, surpassing its previous record by seven percent of approximately 681 tones set in October, 2015. As quoted in the press release: Largo is also very pleased to announce that it achieved two new daily production records in April …
Largo Resources (CVE:LGO) reports it has produced 730 tonnes of vanadium pentoxide during the month of April, surpassing its previous record by seven percent of approximately 681 tones set in October, 2015.
As quoted in the press release:
Largo is also very pleased to announce that it achieved two new daily production records in April with the first being onSaturday, April 23rd where 32 tonnes of V2O5 were produced (representing approximately 121% of the plant’s daily design capacity) and the second occurring on Sunday, April 24th with daily production totaling 33 tonnes of V2O5(approximately 125% of the plant’s daily design capacity).
Additionally, Largo is pleased to report another production milestone of 188 tonnes of V2O5 produced during the week of April 18th to April 25th (representing approximately 26.9 tonnes per day or 102% of design capacity).
Mark A. Smith, president and CEO, said:
These new production achievements highlight the on-going success at the Maracás Menchen Mine. I would like to applaud our operations team on these three new production records which demonstrate the plant’s increasing operating efficiency. We expect to see continuing growth in average production rates and with the recent increases to the vanadium price, the Maracás Menchen Mine will be very strongly positioned.