Largo Resources Continues to Ramp Up Production, Lower Costs

Largo Resources Continues to Ramp Up Production, Lower Costs

Largo Resources has been steadily making progress at its flagship Maracas Menchen mine in Brazil. It achieved record production of 21 tonnes in a single day, or 81 percent of its capacity, in March and then established itself as a low-cost producer when it reported production costs of $3.91 per pound.

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Company News

Largo Resources Closes Second Tranche of its Financing

Largo Resources Ltd. (TSXV:LGO) announced it has closed the second tranche of its C$75 million unit offering from the sale of 69,952,639 units for proceeds of $55,962,114. Along with the first tranche, the aggregate proceeds to date are C$74,184,039 for the sale of 92,730,045 units.

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