Largo Resources’ V2O5 Output Up By 35% YOY in Q1 2020

BEIJING (Asian Metal) 13 May 20 РOn May 12, Canadian-based Largo Resources Ltd. reported its first quarter 2020 results.

Total production in Q1 2020 from the Maracas Menchen Mine was 2,831 tonnes of V2O5, representing an increase of 35% over Q1 2019. In January 2020, 956 tonnes of V2O5 was produced, with 915 tonnes produced in February and 960 tonnes in March.

Total sales of V2O5 in Q1 2020 were 3,170 tonnes (including 340 tonnes of high purity V2O5) compared to 2,100 (including 440 tonnes of high purity V2O5) tonnes sold in Q1 2019. This represents an increase of 51% and a new quarterly sales record for the Company.