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Largo Resources Ltd

Largo sets monthly production record

The vanadium producer set a monthly production at its Maracás Menchen mine in June

Vanadium's chemical symbol highlighted on the periodic table
Vanadium production is the aim of the game at Largo's Maracás Menchen mine

Largo Resources Ltd (CVE:LGO) achieved a new monthly production record at its Maracás Menchen vanadium mine in Brazil last month.

The Toronto-based firm produced 801 tonnes of vanadium pentoxide in June, surpassing the previous month’s record of 780 tonnes.

“I believe all of the stars are now aligning for Largo,” said Mark Smith, chief executive.

“The Maracás Menchen mine is consistently showing its operational excellence with its ability to produce at and above nameplate capacity.”

Largo also announced Alberto Beeck has joined its board of directors after shareholders voted him in at the company’s latest AGM.

Beeck – who is currently a managing partner at VH Properties and VH Investments – will replace departing director Wayne Egan.

Shares were unchanged at C$0.45.

Quick facts: Largo Resources Ltd

Price: $1.36

Market: TSX
Market Cap: $723.02 m
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