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Largo Resources Ltd (LGO.TO)

LGO.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Largo Resources Sees Q2 Revenue Of Between C$99 Mln And C$107 Mln
Tuesday, 17 Jul 2018 08:51am EDT 

July 17 (Reuters) - Largo Resources Ltd ::LARGO RESOURCES LTD - FOR THREE MONTH PERIOD ENDING JUNE 30, 2018 ANTICIPATING REVENUE OF BETWEEN CDN$99 MILLION AND CDN$107 MILLION.LARGO RESOURCES LTD - CO EXPECTS FOREIGN EXCHANGE LOSS IN Q2 2018 TO EXCEED LOSS RECORDED IN Q2 2017.LARGO RESOURCES - INCREASE TO Q2 REVENUE TO BE LARGELY DRIVEN BY UPWARD MOVEMENT IN VANADIUM PENTOXIDE PRICING AND INCREASED PRODUCTION.LARGO RESOURCES - ON JULY 13, BRAZILIAN NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT BANK PROVIDED CONSENT FOR EARLY REPAYMENT OF CO'S CREDIT FACILITY.LARGO RESOURCES - RECEIPT OF CONSENT IS CONDITION TO RELEASE FROM ESCROW OF FIRST TRANCHE OF NET PROCEEDS FROM CO'S RECENTLY COMPLETED OFFERING.LARGO RESOURCES - ANTICIPATES MAKING PAYMENT USING RELEASED PORTION OF ESCROWED FUNDS OF $84.14 MILLION TO BNDES ON OR ABOUT JULY 23.  Full Article

Largo Resources Announces Filing Of Preliminary Short Form Prospectus
Friday, 22 Jun 2018 05:18pm EDT 

June 22 (Reuters) - Largo Resources Ltd ::LARGO RESOURCES ANNOUNCES FILING OF PRELIMINARY SHORT FORM PROSPECTUS FOR SECONDARY OFFERING OF COMMON SHARES.LARGO RESOURCES LTD - FILES PROSPECTUS IN CONNECTION WITH PROPOSED MARKETED SECONDARY OFFERING OF 70.98 MILLION CO'S COMMON SHARES BY SELLING SHAREHOLDERS.  Full Article

Largo Resources Announces Completion Of Restructuring Of Debt Facilities With Banco Pine
Wednesday, 4 Apr 2018 07:30am EDT 

April 4 (Reuters) - Largo Resources Ltd ::ANNOUNCES COMPLETION OF RESTRUCTURING OF DEBT FACILITIES WITH BANCO PINE.AS A RESULT OF RESTRUCTURING, APPROXIMATELY USD$9 MILLION OF DEBT OWED BY VMSA HAS BEEN PAID DOWN.‍ALONG WITH OPERATING UNIT COMPLETED A RESTRUCTURING & CONVERSION OF VANÁDIO'S EXISTING DEBT FACILITIES WITH BANCO PINE S.A​.‍REMAINING DEBT BALANCE HAS BEEN RESTRUCTURED OVER AN ABOUT 6.5 YEAR PERIOD​.  Full Article

Largo Q4 Revenue $49 Million
Friday, 23 Mar 2018 02:05pm EDT 

March 23 (Reuters) - Largo Resources Ltd ::LARGO REPORTS HIGHLIGHTS OF ITS FISCAL 2017 FINANCIAL AND OPERATING RESULTS.LARGO RESOURCES LTD - QTRLY REVENUE $49 MILLION VERSUS $31.5 MILLION.  Full Article

Largo Resources Announces Binding Term Sheet On Restructuring Of Remaining Debt Facilities With Banco Pine
Thursday, 8 Mar 2018 08:30am EST 

March 8 (Reuters) - Largo Resources Ltd ::LARGO RESOURCES LTD. ANNOUNCES BINDING TERM SHEET IN RESPECT OF THE RESTRUCTURING OF REMAINING DEBT FACILITIES WITH BANCO PINE.LARGO RESOURCES- CO, OPERATING UNIT ENTERED BINDING TERM SHEET FOR RESTRUCTURING, CONVERSION OF UNIT'S EXISTING DEBT FACILITIES WITH BANCO PINE S.A.LARGO RESOURCES LTD - UNDER DEAL TERMS, CO WILL BUY FROM LENDER ABOUT $9 MILLION OF FACE VALUE OF OUTSTANDING AMOUNT OF FACILITY.LARGO RESOURCES - UNDER DEAL TERMS,REMAINING AMOUNT OUTSTANDING UNDER FACILITY WILL THEN BE AMENDED FOR MATURITY DATE 7 YEARS FROM DATE OF EXECUTION.  Full Article

Largo Announces Agreement To Qualify, Produce And Sell Vanadium Powder
Monday, 5 Mar 2018 07:30am EST 

March 5 (Reuters) - Largo Resources Ltd ::LARGO ANNOUNCES AGREEMENT TO QUALIFY, PRODUCE AND SELL VANADIUM POWDER & PROVIDES OPERATIONAL AND VANADIUM MARKET UPDATE.LARGO RESOURCES LTD - WILL BEGIN PRODUCTION OF V2O5 POWDER TO SUPPLEMENT ITS CURRENT VANADIUM PENTOXIDE FUSED FLAKE PRODUCTION DURING Q1 2018.LARGO RESOURCES LTD - ‍ INTENDS TO QUALIFY, PRODUCE AND SELL VANADIUM PENTOXIDE POWDER VIA GLENCORE INTERNATIONAL AG​.  Full Article

Largo Resources reports Q3 basic earnings per share $0.03
Monday, 6 Nov 2017 06:30pm EST 

Nov 6 (Reuters) - Largo Resources Ltd ::Largo reports first quarterly net income and other financial and operational highlights for q3 2017.Largo Resources Ltd-qtrly ‍revenues $53.5 million versus $20.8 million​.Qtrly basic earnings per share $0.03 ‍​.Largo resources ltd sees ‍2017 average annual production 9251 tonnes.  Full Article

LARGO RESOURCES SAYS PRODUCED 2513 TONNES OF VANADIUM PENTOXIDE IN Q3 2017
Tuesday, 3 Oct 2017 08:37am EDT 

Oct 3 (Reuters) - Largo Resources Ltd ::LARGO RESOURCES LTD - PRODUCED 2513 TONNES OF VANADIUM PENTOXIDE IN Q3 2017.  Full Article

Largo Resources reports Q2 loss per share $0.03
Monday, 14 Aug 2017 08:30am EDT 

Aug 14 (Reuters) - Largo Resources Ltd :Largo reports highlights of its Q2 2017 financial and operating results.Largo Resources Ltd - qtrly revenues $35.8 million versus $18.9 million.Qtrly loss per share $0.03.Largo Resources Ltd - ‍overall metallurgical V2O5 recovery increased to 74.3% in Q2 2017, from 71.8% in Q1 2017​.  Full Article

Largo Resources Ltd announces a non-binding term sheet with Banco Pine
Monday, 24 Jul 2017 08:41am EDT 

July 24 (Reuters) - Largo Resources Ltd ::Largo Resources Ltd announces a non-binding term sheet in respect of the restructuring and conversion of existing debt facilities with Banco Pine.Largo Resources- co, lender anticipate agreement to provide for conversion of full outstanding amount under usd facility into common shares of Largo​.Largo Resources Ltd- ‍it is expected that, upon conversion of debt to common shares, lender will enter into a lock-up agreement​.Largo Resources - conversion of existing $4.4 million credit facility between co , lender into shares of largo to be issued within 60 days from date of deal.Largo - proposed arrangement includes renegotiation of repayment schedule for existing brl $89.1 million credit facility between vanádio & lender.Largo Resources - payment schedule for brl facility to be amended to allow vanádio up to 290 days from execution to pay $8.5 million towards outstanding amount.Largo-‍upon fulfilment of initial payment, expected that remaining amount outstanding under brl facility will be refinanced through new loan agreement​.  Full Article