Brief: Largo Resources Reports Quarterly Revenue Of $34.1 Million

Largo

20/03/2020 22:05

March 20 (Reuters) - Largo Resources Ltd  LGO.TO :
    * LARGO RESOURCES REPORTS RECORD PRODUCTION AND LOWEST
ANNUAL CASH
COSTS AT THE MARACÁS MENCHEN MINE WITH 2019 FINANCIAL RESULTS
    * LARGO RESOURCES LTD - TOTAL V2O5 PRODUCTION OF 3,011
TONNES
DURING Q4 2019 WAS 16% HIGHER
    * LARGO RESOURCES - PROFITABILITY IMPACTED IN Q4 , 2019 DUE
TO 
LOWER VANADIUM PRICES AND LARGELY DUE TO RE-MEASUREMENT OF TRADE
RECEIVABLES / PAYABLES
    * LARGO RESOURCES LTD - EXPECTS ITS Q2 2020 FINANCIAL
RESULTS TO
BE IMPACTED BY LOWER SALES REALIZED IN QUARTER
    * LARGO RESOURCES LTD - THERE HAS BEEN NO IMPACT ON OUR
PRODUCTION
OR ON OUR SHIPMENT OF PRODUCT OUT OF MARACÁS DUE TO COVID-19
    * LARGO RESOURCES LTD - SEES 2020 ANNUAL V2O5 PRODUCTION OF
11,750
- 12,250 TONNES
    * LARGO RESOURCES LTD - BELIEVE THAT RISK OF COVID-19 TO OUR
OPERATING TEAM IN MARACÁS REMAINS RELATIVELY LOW
    * LARGO RESOURCES LTD - QTRLY LOSS PER SHARE $0.01
    * LARGO RESOURCES LTD QTRLY REVENUE $34.1 MILLION

Source text for Eikon:  ID:nCNWK2XLPa 
Further company coverage:  LGO.TO 

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