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News Focus
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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Bullboard - Stock Discussion Forum 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... see more

TSX:LGO - Post Discussion

Largo Inc > Question for Kha
View:
Post by Clipper2 on Nov 27, 2021 10:50am

Question for Kha

Hi Kha
As you will be aware the Brazilian "Real" is weaker than it was in Q3, and I am wondering how a weaker "REAL" will affect the Q4 Financials.
 
According to my records (Unofficial) the Q3-21 average USD/BRL was $5.22, and with 2/3 into Q4 the average USD/BRL is $5.51.
The most recent is $5.61
 
I know you are up on this, as you have discussed the subject in the past. 
 
I would appreciate it if you would once again remind us how the Financials are affected by a weaker Brazilian Real.
 
Thanks if you reply.
Comment by kha341 on Nov 27, 2021 1:12pm
In a nutshell: Largo’s revenues are in US $ while its operating costs are incurred primarily in BRL (Brazilian real). Therefore the weaker the BRL vs US$ the better for us. For every US$ received in revenue we can pay for more BRL expenses. Furthermore, as US$ is the functional currency of Largo, when we convert the BRL cash costs (that we pay) into US$ (for book purposes) then a weaker BRL ...more  
Comment by Clipper2 on Nov 27, 2021 3:55pm
All that great info. is cheap for 2cnts. LOL. Thanks again kha.
Largo Inc