Largo Inc. Reports Q1 2024 Financial Loss
Company Announcements

Largo Inc. Reports Q1 2024 Financial Loss

Largo Resources (Otc) (TSE:LGO) has released an update.

Largo Inc. has released its unaudited condensed interim consolidated financial statements for the first quarter of 2024, revealing a net loss of $13,006,000 compared to a minor loss of $1,207,000 in the same period last year. The company’s total assets decreased to $360,929,000 from $381,621,000, while total liabilities saw a slight decrease. These financial results highlight the challenges the company faced in the quarter, including lower revenues and increased operating costs.

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