Largo Resources Ltd. (“Largo” or the “Company”) today released highlights of its financial results for the year ended December 31, 2017, as filed in full on SEDAR. The reader is cautioned that the below excerpt should be read in conjunction with the Company’s annual consolidated financial statements for the years ended December 31, 2017 and 2016 as well as the management’s discussion and analysis for the year ended December 31, 2017 (“MD&A”). Note references in this press release refer to the notes contained in Largo’s annual consolidated financial statements for the years ended December 31, 2017 and 2016. Financial numbers are reported in thousands of Canadian dollars, except for per share amounts.
As quoted in the press release:
Mark Smith, President and Chief Executive Officer for Largo, stated: “Our financial performance continues to improve, as is evidenced by our strong Q4 2017 results. We anticipate that these results will continue to improve alongside the strengthening vanadium price. We are delighted with the Company’s recent results. We continue to highlight our strong production record, stable cash operating costs and the positive outlook for vanadium prices, as we continue to deliver improved financial performance.”