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.

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Comment by kha341on Aug 10, 2022 7:04pm

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Post# 34886735

RE:RE:RE:Finally

kha341 wrote:

Actuals

Revenues of $84.8 million, a 56% increase over Q2 2021; Revenues per pound sold¹ of $11.69, a 44% increase over Q2 2021 mainly due to stronger vanadium prices

Net income of $18.0 million, a 113% increase over Q2 2021; Basic earnings per share of $0.28 in Q2 2022

Our Q2 revenues per pound sold = US$11.69 which were, for a change, higher than the average benchmark price per lb of V2O5 in Europe (US$11.08).