Largo Resources Announces Second Quarter 2021 Production and Sales Results; Positive Vanadium Demand Expected to Continue in H2 2021 investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
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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:
Mandalay Resources Corporation Announces Production and Sales Results for the First Quarter of 2021
TORONTO, April 13, 2021 (GLOBE NEWSWIRE) Mandalay Resources Corporation ( Mandalay or the Company ) (TSX: MND, OTCQB: MNDJF) announced today its production and sales results for the first quarter of 2021.
First Quarter 2021 Production Highlights:
Consolidated saleable gold equivalent production and sales of 28,676 and 28,218 ounces respectively;
Consolidated 23,857 ounces of gold sold, highest quarterly amount since Q1 2018;
15,458 ounces of saleable gold equivalent production at Costerfield, highest quarterly production result at Costerfield since Q2 2016; and
Commenced trial processing of mineralized waste dump material at Cerro Bayo, producing 43,699 ounces of silver and 724 ounces of gold.