Third Quarter Operational Results for largo resources..the Vanadium leader Total production at the Maracás Menchen Mine for the third quarter 2018 was a record 2,563 tonnes of V2O5 compared to 2,513 tonnes in Q3 2017 and 2,458 in Q2 2018. This marks the third consecutive quarter of strong production in 2018 and the highest quarterly production recorded in the Company's history
The Company reported another quarter of record revenues in Q3 2018 of $149.5 million, compared to $53.5 million in the Q3 2017 and $103.3 million in Q2 2018. This constitutes the highest revenue recorded by the Company for a single quarter to date. The significant increase in revenues over Q3 2017 is primarily attributable to an increase in V2O5 prices and record production in Q3 2018. The average price per pound of V2O5 was approximately US$19.66 for Q3 2018, compared to approximately US$8.24 for Q3 2017.
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TMT Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
