Brief: Largo Reports Q4 Sales Of 2,774 Tonnes Of V2O5 Equivalent Vs 2,899 Tonnes In 2021

Largo

24/01/2023 11:44

Jan 24 (Reuters) - Largo Inc  LGO.TO :
    * LARGO REPORTS FOURTH QUARTER AND FULL YEAR 2022
OPERATIONAL AND
SALES RESULTS; PROVIDES 2023 GUIDANCE
    * LARGO INC - QUARTERLY V2O5 PRODUCTION OF 2,004 TONNES (4.4
MILLION LBS1) IN Q4 2022 VERSUS. 2,003 TONNES IN Q4 2021
    * LARGO INC - QUARTERLY GLOBAL V2O5 RECOVERY OF 74.7% IN Q4
2022
VERSUS. 76.0% IN Q4 2021
    * LARGO INC - QUARTERLY SALES OF 2,774 TONNES OF V2O5
EQUIVALENT
(INCLUSIVE OF 118 TONNES OF PURCHASED MATERIAL) IN Q4 2022
VERSUS. 2,899 TONNES IN Q4 2021
    * LARGO INC - IN 2023, COMPANY PLANS TO INVEST APPROXIMATELY
$50.5
MILLION ON CAPITAL EXPENDITURES
    * LARGO INC - WILL INCUR HIGHER CASH OPERATING COSTS
EXCLUDING
ROYALTIES IN FIRST HALF OF 2023 AS A RESULT OF LOWER SALES IN H1
2023
    * LARGO INC - IN 2023, COMPANY PLANS TO INVEST ABOUT $50.5
MILLION
ON CAPITAL EXPENDITURES
    * LARGO INC-MADE DECISION TO POSTPONE EXISTING PLANS TO
FURTHER
DEVELOP ITS TITANIUM DIOXIDE PIGMENT PLANT UNTIL ADDITIONAL
FUNDS ARE MADE AVAILABLE
    * LARGO INC - EXPLORING ALTERNATIVE DEBT FINANCING OR
STRATEGIC
ASSOCIATION OPTIONS WITH ADVISORS AND WILL PROVIDE AN UPDATE AS
THINGS PROGRESS

Source text for Eikon:  ID:nBwXt2QSa 
Further company coverage:  LGO.TO 
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