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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Largo Inc > Out-of-control cost increase

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Post by kha341on Mar 22, 2024 10:20am

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Post# 35946971

Out-of-control cost increase

The following tables give a very concerning picture of the total failure of management in their cost reduction effort and consequently the devastating impact of the out-of-control cost increase in 2023. While the revenue per pound sold went down merely 8% from US$9.38 in 2022 to US$8.66 in 2023, the Net Loss skyrocketed 1,354% from ($2.2M) to (32.4M) in the same period. So sad.