Largo Resources Ltd. announces its 2019 financial results highlighted by record annual production of 10,577 tonnes of vanadium pentoxide and the lowest annual cash operating costs excluding royalties
2 achieved to date of US$2.95 per pound of V
2O
5. The Company recorded a net loss of $36.2 million in 2019 largely due to lower vanadium prices and the re-measurement of trade receivables / payables as part of its offtake agreement which expires on April 30, 2020.
Paulo Misk, President and Chief Executive Officer for Largo, stated: "Profitability was impacted in Q4 2019 and in 2019 as a consequence of lower vanadium prices and largely due to a total re-measurement of trade rece
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