QUARTERLY S&P/TSX COMPOSITE INDEX REVIEW – DECEMBER 2019 ADDITIONS Issue Name Symbol GICS Classification 60/Completion Capped Sector Indices Corus Entertainment Inc B Nvtg CJR.B 50201020 Completion Communication Services CT REIT CRT.UN 60101070 Completion Real Estate, REIT Jamieson Wellness Inc. JWEL 30302010 Completion Consumer Staples Lightspeed POS Inc. SV LSPD 45103010 Completion Information Technology Real Matters [...]
Largo Resources Ltd. is pleased to announce the renewal of its Superintendência do Desenvolvimento do Nordeste tax incentive which extends the Company's current tax rate of 15.25% to December 2028. The Company's current SUDENE tax incentive reduces its effective tax rate from 34.0% to 15.25% and was granted in January 2015 for a period of ten years on annual production of 9,636 tonnes of vanadium pentoxide . Under [...]
All financial figures are in Canadian dollars unless otherwise stated. Q3 2019 Highlights Production of 2,952 tonnes of V2O5, a 15% increase over Q3 2018 Cash operating costs excluding royalties2 of US$2.81 per pound of V2O5, a decrease of 8% over Q3 2018 Revenues of $32.1 million Net loss of $8.6 million and a loss per share of $0.02 Cash balance of $154.8 million exiting Q3 2019 Average annual cash operating costs [...]
Largo Resources Ltd. is pleased to announce the appointment of Francesco D'Alessio as Head of Sales, Americas effective October 21, 2019. In this position, Mr. D'Alessio will support the Company's vanadium sales and trading business with a particular focus on the North and South American markets. Paulo Misk, President and Chief Executive Officer of Largo stated: "On behalf of the Board and management, I am very excited [...]
Record V2O5 production of 2,952 tonnes in Q3 2019, an increase of 17% over Q2 2019 and 15% over Q3 2018 Global V2O5 recovery rate2 of 78.1% in Q3 2019 compared to 79.1% in Q2 2019 and 77.1% in Q3 2018 Average annual cash operating costs excluding royalties1 guidance lowered to US$3.30 to $3.40 per pound of V2O5; Production guidance maintained Expansion project in final stages of commissioning; Expected to conclude in [...]
TORONTO, Sept. 9, 2019 /CNW/ - Largo Resources Ltd. announced today that the Company's President and Chief Operating Officer, Paulo Misk, has been promoted to President and Chief Executive Officer, effective September 8, 2019. Mr. Misk succeeds Mark Smith as CEO and Director. The Company also announced that J. Alberto Arias, a director since 2011, has been named as the non-executive Chair of the Company's Board of [...]
Largo Resources Ltd. announces that it has formally given notice to Glencore International AG of the nonrenewal of its off-take agreement dated May 14, 2008. In accordance with this notice, the off-take agreement will expire effective April 30, 2020. Mark Smith, Chief Executive Officer stated: "Our current off-take agreement was instrumental in securing the initial financing for the construction of the Maracás [...]
Largo Resources Ltd. is pleased to announce the release of its inaugural environmental, social and governance report, demonstrating the Company's ongoing commitment to transparency with all stakeholders. Mark Smith, Chief Executive Officer stated: "Building on our track record of responsible mining and strong community relations, Largo's first annual ESG report sets a new standard for open and transparent reporting of our [...]
All financial figures are in Canadian dollars unless otherwise stated. Q2 2019 Highlights Production of 2,515 tonnes of V2O5, an increase of 20% over Q1 2019 and 2% over Q2 2018 New monthly V2O5 production record of 1,042 tonnes in July Global V2O5 recovery rate2 of 79.1%; Second quarter of strong global recoveries in 2019 Cash operating costs excluding royalties3 of $4.43 per pound of V2O5 Revenues of $29.5 million Net [...]
Q2 2019 V2O5 production of 2,515 tonnes, an increase of 20% over Q1 2019 and 2% over Q2 2018 Record monthly V2O5 production of 926 tonnes achieved in June Successful start to expansion project ramp-up; Commissioning and ramp-up expected to conclude in Q3 2019 Global V2O5 recovery rate of 79.1% in Q2 2019; Second quarter of strong global recoveries in 2019 Q2 2019 financial results conference call: Wednesday, August 14th [...]
Largo Resources Ltd. is very pleased to announce that in accordance with its press release dated June 10, 2019, in which the Company announced its election to redeem its outstanding 9.25% Senior Secured Notes due 2021 , the Company has redeemed in full all of its outstanding Notes. The Notes have been redeemed at a redemption price equal to 104.625% of the principal amount of the Notes plus accrued and unpaid interest [...]
Largo Resources Ltd. announces voting results from its Annual and Special Meeting of Shareholders held on Thursday, June 27, 2019. A total of 362,869,827 common shares of the Company were voted at the Meeting, representing 68.26% of the Company's issued and outstanding common shares. Shareholders voted in favour of all matters brought before the Meeting including the election of all director nominees and the [...]