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Last C$0.83 CAD
Change Today +0.01 / 1.22%
Volume 19.2K
LGO On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 3:50 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

largo resources ltd (LGO) Snapshot

Open
C$0.84
Previous Close
C$0.82
Day High
C$0.84
Day Low
C$0.83
52 Week High
08/5/14 - C$3.60
52 Week Low
04/29/15 - C$0.75
Market Cap
168.7M
Average Volume 10 Days
45.3K
EPS TTM
C$-0.18
Shares Outstanding
203.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LARGO RESOURCES LTD (LGO)

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largo resources ltd (LGO) Details

Largo Resources Ltd. is engaged in the acquisition, mining, exploration, and development of mineral properties in Brazil and Canada. It primarily explores for vanadium, tungsten, and molybdenum. The company principally holds a 99.7% interest in the Maracás vanadium project covering approximately 28,587 hectares located in Bahia State, Brazil. It also owns 100% interests in other projects comprising the Currais Novos Tungsten Tailings project and the Campo Alegre de Lourdes iron-vanadium project in Brazil; and the Northern Dancer tungsten-molybdenum property in the Yukon Territory, Canada. The company is headquartered in Toronto, Canada.

largo resources ltd (LGO) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$50.0K
Senior Vice President and Technical Director ...
Total Annual Compensation: C$215.7K
Vice President of Exploration
Total Annual Compensation: C$200.4K
Consultant
Total Annual Compensation: C$336.0K
Compensation as of Fiscal Year 2013.

largo resources ltd (LGO) Key Developments

Largo Resources Ltd. Signs Term Sheet from its Consortium of Lenders; Appoints Mark Smith to its Board of Directors

Largo Resources Ltd. announced that it has signed a term sheet from its consortium of lenders to defer its debt amortization schedule and extend the maturities for its construction debt facility ("BNDES Loan") and its export credit facilities (together, the "Facilities") for its Maracas Menchen Mine. The restructuring package contemplated an additional one-year grace period on the amortization repayment schedules for the Facilities, a two-year extension of maturity for its export credit facilities and a three-year extension of maturity for the BNDES Loan. The final restructuring package includes the following: An additional one-year grace period on the amortization schedules for the Facilities; A two-year extension of maturity for its export credit facilities; A three-year extension of maturity for the US dollar component of the BNDES facility and no change in the maturity of the BRL component of the BNDES Loan. The BNDES Loan is denominated in Brazilian reais, but approximately 63% or CAD 111,497 (BRL 257,676) of the facility is indexed to the U.S. dollar ("U.S. dollar component"), while 37% of the facility is not indexed ("BRL component"). The signed term-sheet provided by Largo will now be submitted for final approval from each of the Lenders' credit committees and will be dependent on the fulfillment of certain conditions precedent by the Company prior to closing. Largo anticipates that the process will be concluded prior to the commencement of the existing amortization period for its Facilities. Additionally, the company announced the appointment of Mr. Mark Smith, who is already serving as Largo's President and Chief Executive Officer to the Company, to its Board of Directors.

Largo Resources Ltd. Auditor Raises 'Going Concern' Doubt

Largo Resources Ltd. filed its Annual on Apr 24, 2015 for the period ending Dec 31, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Largo Provides Production Update at its Maracas Menchen Mine

Largo Resources Ltd. provide an update on production at its Maracas Menchen Mine. During the month of March, production rates and recoveries at the Project stabilized and increased significantly, including at the leaching system. Several new records were achieved for overall production rates during March including a new record for production in a single day of 21 tonnes, or approximately 81% of design capacity. Recovery rates at the milling, kiln and leaching systems have each met and surpassed design targets over several days in March and daily production rates were at or above 19 tonnes (at or above approximately 72% capacity), for a total of 14 days in March. Also during the month of March the Company celebrated the conclusion of shipments totaling 2,000 tonnes of material under its offtake agreement since deliveries commenced in September, 2014.

 

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