Business
Largo Reports Q1 2025 Financial Results with Continued Focus on Production Stability and Cost Reduction Efforts
All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated. Q...
About this update from Largo Inc.
[{"type":"text","content":"Largo Reports Q1 2025 Financial Results with Continued Focus on Production Stability and Cost Reduction Efforts\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdecimal { list-style-type: decimal }\n.bwlistdisc { list-style-type: disc }\n.bwlistlowroman { list-style-type: lower-roman }\n.bwmarginl2 { margin-left: 60px }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl2 { padding-left: 10px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth2 { width: 2% }\n.bwwidth68 { width: 68% }\n.bwwidth72 { width: 72% }\n.bwwidth76 { width: 76% }\n \n\n\n\n All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated.\n \n\n\n Q1 2025 and Other Highlights\n \n\n\n\n\n Revenues of $28.2 million in Q1 2025 vs. 42.2 million in Q1 2024; Revenues per pound sold\n \n 1\n \n of $6.04 in Q1 2025 vs. $6.91 in Q1 2024; Lower revenues are a result of continued downward pressure in vanadium prices and lower sales volumes\n \n\n\n\n\n Operating costs of $42.5 million in Q1 2025, 15% below Q1 2024\n \n\n\n\n\n Adjusted cash operating costs excluding royalties per pound\n \n 1\n \n of $3.88 in Q1 2025, 27% below Q1 2024, despite mining lower ore grades and decreased production rates\n \n\n\n\n\n Net loss of $9.2 million in Q1 2025, which included $7.0 million in non-recurring items vs. a net loss of $13.0 million in Q1 2024, which included $4.4 million in non-recurring items\n \n\n\n\n\n Basic loss per share of $0.14 in Q1 2025 vs. basic loss per share of $0.20 in Q1 2024\n \n\n\n\n\n V\n \n 2\n \n O\n \n 5\n \n equivalent sales of 2,046 tonnes (inclusive of 158 tonnes of purchased material) in Q1 2025 vs. 2,765 equiv...