Largo Resources is pleased to announce that actual production costs for the month of March were US $3.91 per pound of vanadium pentoxide at its Maracas Menchen Mine in Bahia, Brazil. 1 Production costs of $3.91 per pound are based on actual production of 472 tonnes (or approximately 1 million pounds) of vanadium pentoxide and include royalties, as well as operational Sales, General and Administrative costs ("SG&A").2 Mark [...]
New production records set in March TORONTO, April 1, 2015 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") is pleased to provide an update on production at its Maracas Menchen Mine (the "Mine" or "Project"). During the month of March, production rates and recoveries at the Project stabilized and increased significantly, including at the leaching system. Several new records were achieved for overall production [...]
Largo announces that, as a result of a review by staff of the Ontario Securities Commission, Largo revised its corporate presentation to clarify the disclosure contained therein. In particular, the presentation was revised to include the name(s) of the relevant Qualified Person (as that term is defined in NI 43-101) who reviewed the technical disclosure contained in the presentation, and to incorporate additional [...]
TORONTO, March 13, 2015 /CNW/ - Largo Resources Ltd. (TSX-V:LGO) ("Largo" or the "Company") is pleased to announce that it closed the previously announced CDN$12 million non-revolving, convertible term loan facility (the "Bridge Loan") and the first draw down of CDN$3 million was completed today. The lenders under the Bridge Loan are certain funds managed by Arias Resource Capital Management LP (the "ARC Funds"). The [...]
TORONTO, March 11, 2015 /CNW/ - Largo Resources Ltd. (TSX-V:LGO) ("Largo" or the "Company") is pleased to announce that it has agreed to a term sheet with certain funds managed by Arias Resource Capital Management LP (the "ARC Funds") with respect to a CDN$12 million non-revolving, convertible term loan facility bearing an interest rate of 20% per annum (the "Bridge Loan"). The proceeds of the Bridge Loan will be used [...]
TORONTO, March 9, 2015 /CNW/ - Largo Resources Ltd. (TSX-V:LGO) ("Largo" or the "Company") provides a corporate update in respect of its Maracás Menchen Mine project (the "Project") and announces the appointment of Mr. Mark A. Smith as its new Chief Executive Officer. Corporate Update Largo continues to optimize operations at the Project as part of its ramp-up to commercial production. The Company continues to expect to [...]
Symbol: LGO (TSX.V)www.largoresources.com TORONTO, Feb. 23, 2015 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") is pleased to announce that it has received a non-binding indicative term sheet from its consortium of lenders ("Lenders") to defer its debt amortization schedule and extend the maturities for its construction debt facility and its export credit facilities ("Facilities") for its Maracas Menchen Mine [...]
Symbol: LGO (TSX.V)www.largoresources.com TORONTO, Feb. 2, 2015 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") is pleased to provide its 2015 production guidance and outlook for its Maracas Menchen Mine ("the Maracas Mine") in Bahia, Brazil. Production Guidance: 2015 is expected to be a transitional year for the Company. Largo has been producing at the Maracas Mine since August 2014, with ramp-up of production [...]
Symbol: LGO (TSX.V)www.largoresources.com TORONTO, Jan. 29, 2015 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") informs shareholders and the market community that it is unaware of the cause or reason for recent trading activity resulting in a dramatic decline in its share price over recent weeks. Further to its press release dated January 15, 2015, the Company re-states that it is continuing to ramp-up production [...]
Symbol: LGO (TSX.V)www.largoresources.com TORONTO, Jan. 15, 2015 /CNW/ -Largo Resources Ltd. ("Largo" or the "Company") is pleased to provide an operational update for its Maracas Menchen Mine ("the Maracas Mine") in Bahia, Brazil. To date, a total of approximately 1,140 tonnes (2.5 million lbs) has been shipped from the Maracas Mine. This represents an increase of approximately 408 shipped tonnes (.9 million lbs) since [...]
Symbol: LGO (TSX.V)www.largoresources.com TORONTO, Dec. 12, 2014 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") announces the resignation of Mr. Dan Ioschpe from its Board of Directors. Mr. Ioschpe is the designated Board Member acting as a representative for Ashmore Investment Management Limited. Mr. Ioschpe has served as a Director of the Board to Largo since December 2011. He currently serves as Chairman of [...]
Symbol: LGO (TSX.V)www.largoresources.com TORONTO, Dec. 9, 2014 /CNW/ - Largo Resources Ltd. ("Largo" or the "Company") is pleased to announce that it has commenced a pre-feasibility study ("the Pre-Feasibility Study" or "the Report") on the potential to produce salable platinum concentrates at its Maracas Menchen Mine in Bahia, Brazil. As part of the current vanadium production process, run of mine platinum contained in [...]
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