Largo Inc. buy Muvitours
Summary
This prediction ended on 05.11.21 with a price of €10.26. The BUY prediction by Muvitours for Largo Inc. performed very badly with a performance of -42.98%. Muvitours has 50% into this predictionPerformance without dividends (%)
| Name | 1w | 1m | 1y | 3y |
|---|---|---|---|---|
| Largo Inc. | 2.136% | 2.136% | -67.857% | -89.661% |
| iShares Core DAX® | 4.015% | 2.971% | 16.492% | 19.144% |
| iShares Nasdaq 100 | 2.755% | 0.503% | 40.029% | 50.636% |
| iShares Nikkei 225® | -0.826% | -5.057% | 14.566% | 2.379% |
| iShares S&P 500 | 2.330% | 0.720% | 30.194% | 44.181% |
Comments by Muvitours for this prediction
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Auf zu alten Höhen!!
- Record production of 2,595 tonnes of V2O5 in Q4 2018, a 2% increase over Q4 2017
- Record FY 2018 production of 9,830 tonnes of V2O5, exceeding midpoint guidance of 9,650 tonnes by 2% and a 6% increase over FY 2017
- 2019 Guidance: Annual V2O5 production of 10,000-11,000 tonnes; Average annual cash operating costs excluding royalties1 of US$3.45-3.65/lb V2O5; Sustaining capital expenditures of US$10-14 million; Expansion capital expenditures of US$10-14 million
TORONTO, Jan. 9, 2019 - Largo Resources Ltd. ("Largo" or the "Company") (TSX: LGO) (OTCQX: LGORF) is very pleased to report fourth quarter and full year 2018 production results from its Maracás Menchen Mine highlighted by a new quarterly production record of 2,595 tonnes of vanadium pentoxide ("V2O5") and record full year production of 9,830 tonnes of V2O5. Largo delivered strong operational performance in 2018 exceeding the Company's midpoint guidance of 9,650 tonnes of V2O5 at record production rates. Management is confident in its ability to deliver continued operational success through its production and cost guidance for 2019.
Total production from the Maracás Menchen Mine in 2018 was 9,830 tonnes of V2O5, exceeding the Company's midpoint of guidance by 2%. This represents an increase of 6% over FY 2017 and is the strongest full year of production from the mine since operations commenced in 2014. The Company also achieved a new quarterly production record in Q4 2018 with 2,595 tonnes of V2O5 produced, up 2% from the previous quarter and representing the fourth consecutive quarter of production growth during 2018.
Global V2O5 recovery rates averaged 77.0% in 2018 representing an increase of 2% over the year prior. Recoveries of 75.3% in Q4 2018 averaged somewhat lower when compared to 77.1% in Q3 2018 due to issues with kiln stability. Following the kiln refractory replacement in Q1 2019, the Company expects recoveries to stabilize throughout the year as it continues its focus on established maintenance programs and best production practices at the mine.
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