Largo narrows FY17 loss as record Q4 output, rising metal prices boost bottom line

Canadian vanadium producer Largo Resources has narrowed its net loss for 2017 to C$10.4-million, or C$0.02 a share, as record fourth-quarter production dovetailed into higher realised prices for its vanadium pentoxide (V2O5) product. Largo set a new monthly production record in December at its flagship Maracás Menchen vanadium mine, in Brazil’s Bahia state, after the plant performed 12.9% above its nameplate capacity.