Largo Inc. (TSX:LGO)
Canada · Delayed Price · Currency is CAD 1.300
0.00 (0.00%)
May 20, 2026, 4:00 PM EST
Largo Earnings Call Transcripts
Fiscal Year 2024
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Q3 saw record vanadium and ilmenite production, significant cost reductions, and a narrowed net loss despite lower vanadium prices. A new supply agreement will unlock $23.5M in liquidity, and operational improvements are expected to continue into 2025, with the U.S. market showing early signs of recovery.
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Q2 2024 saw improved production and cost reductions, but lower vanadium prices led to a net loss of $14.5 million. Operational efficiencies, inventory financing, and a focus on cost control position the company for recovery as new Chinese standards may boost demand.