Largo Resources (Otc) (TSE:LGO) has released an update.
Largo Resources has reported a decrease in Q1 2024 vanadium pentoxide production due to scheduled maintenance, but sales remained within the upper guidance range, promising increased future sales. The company has implemented cost reduction and productivity improvement measures at its Maracás Menchen Mine, which are expected to lower costs in the second half of the year and help achieve their revised annual production targets. Despite a soft steel sector affecting sales and prices, Largo maintains its annual production and sales guidance for 2024.
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