Business
Largo Provides Update on its Operational Turnaround Progress; Delivers Improved May Production
Largo Inc. (" Largo " or the " Company ") ( TSX: LGO ) ( NASDAQ: LGO ) is pleased...
About this update from Largo Inc.
[{"type":"text","content":"Largo Provides Update on its Operational Turnaround Progress; Delivers Improved May Production\n\n\n .bwlistdisc { list-style-type: disc }\n \n\n\n\n Largo Inc. (\"\n \n Largo\n \n \" or the \"\n \n Company\n \n \") (\n \n TSX: LGO\n \n ) (\n \n NASDAQ: LGO\n \n ) is pleased to provide an update on the progress of the operational turnaround plans (\n \n see press release dated March 28, 2025\n \n ), highlighted by increased production rates for both vanadium pentoxide (“\n \n V₂O₅\n \n ”) and ilmenite concentrate in May 2025.\n \n\n This press release features multimedia. View the full release here:\n \n https://www.businesswire.com/news/home/20250625106650/en/\n \n\n\n\n\n Largo Provides Update on its Operational Turnaround Progress; Delivers Improved May Production\n \n\n\n As part of a continued focus on stabilizing and enhancing operational performance at its Maracás Menchen Mine, the Company reports that V₂O₅ production in May 2025 was 835 tonnes, representing a 75% increase compared to April 2025 production of 401 tonnes. Ilmenite concentrate production for May 2025 was 3,025 tonnes, representing a 65% increase compared to April 2025 production of 1,833 tonnes. These improvements continue to highlight the effectiveness of measures implemented under the operational turnaround plans previously announced.\n \n\n The following initiatives contributed to improved production performance during the month of May 2025:\n \n\n\n Access to the 200-level area of disseminated ore was achieved, contributing significantly to increased mine production volumes\n \n\n Additional ore feed was sourced from the 110 and 120 levels at the bottom of the mine, supporting higher throughput rates\n \n\n Production drilling activities met monthly targets, and drilling progress remains on track for June\n \n\n\n The Company continues to focus on optimizing its resource recovery and has commenced the reprocessing of its existing non-magnetic tailings ponds to extract both vanadium and ilmenite. These tailings, initially reprocessed solely for ilmenite feedstock, are now being evaluated for vanadium content, supporting dual-recovery streams. Additionally, the Company plans to enhance the existing vanadium recovery process of its iron-rich calcines and silica cake residues to extract additional vanadium, whi...