LGO:TSX.V

Largo Resources Ltd.

Largo Resources Ltd. is a mid-tier mining development company primarily focused on ramping-up production of vanadium at its Maracás Menchen Mine in Brazil.

Expert Comments:

Kristen Moran, Resource Investing News (4/30/15)
"Largo Resources Ltd. has been steadily making progress at its flagship Maracas Menchen mine in Brazil, first achieving record production of 21 tonnes in a single day, or 81% of its capacity, in March and then establishing itself as a low-cost producer when it reported production costs of $3.91/lb. . .the company hopes it will reach 90–95% capacity by the third quarter of this year. . .if the planned extension of the facility is completed on schedule, Largo predicts year-end exit costs as low as $2.60/lb by 2016."

"Largo Resources Ltd. has come into production. . .hopefully over the next couple of months Largo will have quite a major improvement in share price due to the successful debt restructuring. [Is Largo still on track to produce 17+ million pounds of vanadium this year?] Yes, more or less. It is certainly in production. Whenever you are in the first year of production, things can come in a little bit lower, but I think, broadly speaking, Largo is on track." read more >

Resource Investing News (2/23/15)
"After receiving some skepticism from at least one analyst regarding its production guidance and outlook for 2015, Largo Resources Ltd. appears to have made progress toward a debt restructuring agreement. The company announced Monday that it had received a nonbinding indicative term sheet from its existing lenders to defer its debt amortization schedule and extend maturities for its construction debt facility for the Maracas Menchen mine."

Teresa Matich, Resource Investing News (2/4/15)
"Largo Resources Ltd. has been producing at its Maracas Menchen mine in Brazil since August and is aiming to ramp up to nameplate production by Q3/15. Overall, the company is targeting average annual production of 17.3 Mlb vanadium pentoxide for 2015 and an average of 24.3 Mlb for 2016; nameplate annual production capacity for the mine is 9,364 t."

"One of the three major tungsten projects in the Yukon is Largo Resources Ltd.'s Northern Dancer project. . .Largo is concentrating on its vanadium assets in Brazil and would probably bring the tungsten operation in Brazil back into production before it starts any further development on Northern Dancer." read more >

Luisa Moreno, Euro Pacific Canada (10/17/14)
"Largo Resources Ltd. announced that the TSX Venture Exchange has approved a consolidation of its common shares on a 1:10 basis, starting today. . .the company expects revenues to be higher than operating costs by December 2014, once it reaches ~60% production capacity. . .our 12-month target price after the 1:10 share consolidation is $4.50/share (before consolidation $0.45/share)."

More Expert Comments

Experts Commenting on This Company

Robert Baylis, Managing Director & Manager Minor Metals Research – Roskill
Joseph Gallucci, Senior Mining Research Analyst – Dundee Capital Markets
Paul Renken, Senior Geologist – VSA Capital
Philip Richards, Fund Manager – RAB Capital Limited

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Largo Resources Ltd. Content