Largo Resources (Otc) (TSE:LGO) has released an update.
Largo Resources reports a 13% decline in annual revenues for 2023, with a net loss of $32.4 million, attributed in part to lower vanadium prices and higher operating costs. Despite this, the company achieved a 38% increase in Q4 V2O5 production and a significant rise in adjusted EBITDA in Q4 2023. Largo continues to prioritize operational improvements and cost reduction strategies to navigate the challenging market conditions.
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