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Largo Inc T.LGO

Alternate Symbol(s):  LGO

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.


TSX:LGO - Post by User

Post by kha341on Jan 21, 2022 7:44am
235 Views
Post# 34341253

My estimation of the production loss due to heavy rainfall

My estimation of the production loss due to heavy rainfall

In my estimation they operated at about 50% of the expected capacity during the heavy rainfall of Nov - Dec: 

2021 Production Guidance Low End = 11,400 

Q1+Q2+Q3 Actual Production = 8,316 tonnes

Q4 Production Expectation (Low End) = 3,084 representing an expected average of 1,028 tonnes per month or 33.5 tonnes per day. 

Q4-21 Actual Production = 2,003 tonnes or 1,081 tonnes (35%) lower than expectation. So we can say that the Nov and Dec heavy rainfall caused a production loss of 1,081 tonnes or 17.4 tonnes per day on average in these 2 months as compared to the daily expectation of 33.5 tonnes.  


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