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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Largo Inc T.LGO

Alternate Symbol(s):  LGO

Metals & Mining Industrial Metals & Minerals
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

Largo Inc > Q4-21 Earnings
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Comment by kha341on Mar 16, 2022 10:16pm
173 Views
Post# 34520703

RE:RE:RE:RE:Q4-21 Earnings

RE:RE:RE:RE:Q4-21 Earnings
NewAgeMetal wrote: Can we explore this a little bit?
Are these the new LCE offices is Eastern USA?


NewAgeMetal wrote: Sorry that was supposed to be attached to Kha paragraph on all the admin/tech/professional services costs



There is a matching principle which requires that revenues and any related expenses be recognized together in the same reporting period. 

Q4 Total Revenue = US$50.326M comprising US$24.520M from the sales of V2O5 and US$25.806M from FeV. 

There was no revenue booked for the sales of VRFB in Q4 so I don’t know why they had to record an expense amount of US$3.105M (representing 6% of Total Revenue) as Technology Start-Up Costs (assuming this was related to LCE).
Note: When the Maracas mine was in the development stage its costs were capitalized until production / sales. 




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