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 > Operating margin to be cut in half?

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Post by ceetongon Aug 12, 2022 10:38am

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Post# 34891315

Operating margin to be cut in half?

The V2O5 benchmark price average was $11.08 in Q2. Half-way through Q3, the Q3 benchmark price average sits at $8.43, trending lower (actual V2O5 price is $7.40/lb).

At the same time operating costs are trending sharply higher massively impacting margins. This does not bode well for Q3 results.