LGO Profile
Largo Resources Ltd. (LGO) is a Canadian natural resource company that mines and produces vanadium, which is primarily used as an alloy to strengthen steel. The company's principal mining operation is the Maracás Menchen Mine in Brazil, which is one of the highest-grade vanadium mines in the world. In addition to mining and producing vanadium, Largo is also involved in exploration for other minerals, such as tungsten, tin, and lithium.
Largo Resources was founded in 1988 and is headquartered in Toronto, Canada. The company is publicly traded on the Toronto Stock Exchange (TSX) under the ticker symbol LGO. Largo also has a secondary listing on the Nasdaq under the ticker symbol LGORF.
As of February 2023, Largo Resources has a market capitalization of approximately CAD 1.8 billion. The company's financial performance has been somewhat volatile in recent years, with revenues ranging from CAD 72.2 million in 2018 to CAD 149.6 million in 2020. In 2021, Largo reported revenues of CAD 169.3 million and a net income of CAD 7.3 million.
Largo Resources has positioned itself as a leading vanadium producer, with a focus on sustainability and responsible mining practices. The company has received certifications for its environmental management and has committed to reducing its carbon emissions. In addition to its mining operations, Largo is also involved in community development initiatives in the areas where it operates, with a focus on education, health, and economic development.
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