- Largo Resources press release ( NASDAQ: LGO ): Q2 GAAP EPS of $0.28.
- Revenue of $84.8M (+56.2% Y/Y).
- Total V 2 O 5 equivalent sales of 3,291 tonnes, a 9% increase over Q2 2021.
- V 2 O 5 production 3,084 tonnes (6.8 million lbs) vs. 3,070 tonnes in Q2 2021.
- 2022 Production, Cost and Capital Expenditures Guidance Update : The company has revised its V 2 O 5 equivalent production guidance to 11,000 – 12,000 tonnes from 11,600 – 12,400 tonnes; Cash operating cost excluding royalties guidance increased to $4.10 – 4.50 per lb sold from $3.90 – 4.30; Ilmenite concentration plant capital expenditure guidance lowered to $19.0 – 21.0 million from $29.0 – 30.0 million; Titanium dioxide processing plant capital expenditures guidance lower to $2.0 – 3.0 million from $9.0 – 10.0 million.
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Largo Resources GAAP EPS of $0.28, revenue of $84.8M; updates FY22 production guidance