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Bullboard - Stock Discussion Forum Largo Inc T.LGO

Alternate Symbol(s):  LGO

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 > Q4 Production not that bad considering abnormall rainfall
View:
Post by kha341 on Jan 17, 2022 7:55am

Q4 Production not that bad considering abnormall rainfall

Q4-21 Production = Lower than Guidance due to abnormally elevated levels of rainfall in November and December.


2021 Production Guidance = 11,400 - 11,800. Mid = 11,600 tonnes

Actual 2021 Production = 10,319 tonnes =  1,081 tonnes or 9.5% below lower-end production guidance. 

Actual Q4-21 Production = 2,003 tonnes = 1,257T or ~38% lower than Q3-21,  1,067T or ~35% lower than Q2-21 and about the same as Q1-21 (which was impacted by a planned shut-down).


Comment by Clipper2 on Jan 17, 2022 7:58am
Hoping for minimal damage. Homes, equipment etc.
Comment by kha341 on Jan 17, 2022 9:03am
They have a 6-day maintenance shutdown in early Jan-2022.   On the bright side, they have quite a big amount in inventory as per Q3-21 Financials
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