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BASE RESOURCES LIMITED : - Updated Kwale South Mineral Resources and Ore Reserves
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Largo Resources Announces Second Quarter 2021 Production and Sales Results; Positive Vanadium Demand Expected to Continue in H2 2021
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Largo Resources Announces Solid First Quarter 2021 Financial Results with Net Income of $4.1 Million; Strategic Developments of Clean Energy Division Continue
All amounts expressed are in U.S. dollars, denominated by “$”. Q1 2021 Highlights Net income of $4.1 million and basic earnings per share of $0.07 Cash operating costs excluding royalties 1 of $2.87 per lb V 2 O 5 vs. $2.66 per lb in Q1 2020 Revenues of $39.8 million, 4% lower than Q1 2020; Revenues per lb sold 2 of $6.49, an 8% increase over Q1 2020 Cash balance of $48.7 million exiting Q1 2021 Production of … All amounts expressed are in U.S. dollars, denominated by “$”. Q1 2021 Highlights Cash operating costs excluding royalties 1 of $2.87 per lb V
TSX: LGO ) (
NASDAQ: LGO ) announces first quarter 2021 production and sales results from its Maracás Menchen Mine featuring quarterly production of 1,986 tonnes (4.4 million lbs 1 ) of vanadium pentoxide (â
V 2 O 5 â) and sales of 2,783 tonnes of V 2 O 5 equivalent.
Largo Resources Announces First Quarter 2021 Production and Sales Results; Strong Vanadium Market Fundamentals Continue (Photo: Business Wire)
Paulo Misk, President and Chief Executive Officer for Largo, stated: Production was largely impacted during the quarter as a result of the planned shutdown to complete the upgrades and improvements associated with the Companyâs cost-efficient nameplate increase to 1,100 tonnes of V 2 O 5 per month. The related work for this project concluded in January 2021 and we expect to reach the new nameplate capacity by the end of Q2 2021, following the required commissioning and ramp up phases. He continued:
Largo Resources Announces Record Quarterly and Full Year 2020 Operational Results and Exceeds 2020 Sales Guidance; Provides 2021 Guidance
All amounts expressed are in U.S. dollars, denominated by “$” Q4 and FY 2020 Production and Sales Highlights: Record quarterly V 2 O 5 production of 3,340 tonnes in Q4 2020, an 11% increase over Q4 2019 Record annual V 2 O 5 production of 11,825 tonnes in 2020, an increase of 12% over 2019; Within 2020 V 2 O 5 production guidance of 11,750 – 12,250 tonnes Quarterly global V 2 O 5 recovery 4 of 80.6% in Q4 … All amounts expressed are in U.S. dollars, denominated by “$” Q4 and FY 2020 Production and Sales Highlights: Record quarterly V 1 ) in Q4 2020, an 11% increase over Q4 2019 Record annual V
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