Largo Announces Shipment of its 10000th Lot of Vanadium Pentoxide
Largo Resources (“Largo” or the “Company”) is pleased to announce that it recently surpassed its 1000th lot shipment of vanadium, representing approximately 44 million pounds of vanadium pentoxide (V2O5). Mark Smith, President and Chief Executive Officer for Largo, said: “We are extremely pleased to have passed this milestone in production and are very proud of the …
Largo Resources (“Largo” or the “Company”) is pleased to announce that it recently surpassed its 1000th lot shipment of vanadium, representing approximately 44 million pounds of vanadium pentoxide (V2O5).
Mark Smith, President and Chief Executive Officer for Largo, said:
“We are extremely pleased to have passed this milestone in production and are very proud of the production results and low operating costs being achieved by our operational team. The price range of V2O5 for the week ended August 18, 2017 was US$9.00/lb to US$10.00/lb (Source: Metal Bulletin), which represents an approximate 64% increase over the US$5.81 average price for fiscal Q2.
We anticipate that the vanadium price environment created by the recent price increases which represent a 5-year high combined with our operational performance and our low cost production will drive strong financial results for the remainder of fiscal 2017.”
