Largo achieves record quarterly net income in Q1 while average V2O5 prices hit nine-year high
Published: Thursday, 10 May 2018
Brazil-focused Canadian vanadium producer Largo Resources has reaped the benefits of strong vanadium pentoxide prices in the three months to March 31, with the company reporting its highest ever quarterly net income in its financial report published on Monday May 7.
By Anna Xu
Largo declared a net income of $45.8 million in the first
quarter of 2018, while revenues rose 210% year on year in the
same period to $91 million, the company said.
The significant increase in Largo’s net income
and revenue was mainly attributed to multi-year...