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Largo Sets a New Monthly Production Record of 780 Tonnes in May
Largo Sets a New Monthly Production Record of 780 Tonnes in May Largo Sets a New M...
About this update from Largo Inc.
[{"type":"text","content":"\n\n\n\nLargo Sets a New Monthly Production Record of 780 Tonnes in May\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nLargo Sets a New Monthly Production Record of 780 Tonnes in May\nCanada NewsWire\nTORONTO, June 2, 2016\n\n\n\n\n\n\n\n \n \n \n\n\nDaily production record of 34 tonnes representing approximately 128% of daily nameplate capacity \nWeekly production record of 198 tonnes representing 107% of weekly nameplate capacity \n\n\n\nTORONTO, June 2, 2016 /CNW/ - Largo Resources Ltd. (\"Largo\" or the \"Company\") is pleased to report that it has superseded all previous daily, weekly and monthly production records at its Maracás Menchen Mine during the month of May. The company produced 780 tonnes of vanadium pentoxide (\"vanadium\" or \"V2O5\") in May 2016, surpassing its previous record for monthly production of approximately 730 tonnes set in April 2016 by 7%.\n\n\nLargo is also very pleased to announce that it achieved a new daily production record on Monday, May 23, 2016 of 34 tonnes of V2O5 (representing approximately 128% of the plant's daily nameplate capacity).\n\nThe Company also recently achieved a new weekly production record of 198 tonnes of V2O5 during the week of May 24, 2016 (representing approximately 28.3 tonnes per day or 107% of nameplate capacity). \n\nMr. Mark A. Smith, President and Chief Executive Officer of Largo, stated: \"With two months of consistent and record breaking production, our production team in Maracás has once again demonstrated the on-going success of the project. Largo is on the cusp of achieving nameplate capacity with these records and together with cost efficiencies, improved operational performance and an increase in V2O5 price, the Company will continue to be focused on creating strong shareholder value\".\n\nHe continued \"Looking ahead in 2016, Largo is on track to have a successful year and I want to sincerely congratulate the entire team on helping achieve these milestones\".\n\nAbout Largo\n\nLargo (TSX-V: LGO) (OTCQB: LGORF) is a growing strategic mineral company focused on the production of v...