Largo Resources (Otc) (TSE:LGO) has released an update.
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Largo Resources has implemented significant cost-reduction measures and productivity enhancements at its Maracás Menchen Mine, achieving a quarterly production of 1,729 tonnes of vanadium pentoxide and sales of 2,765 tonnes. Despite a decrease in production compared to the previous year due to scheduled maintenance, Largo maintains its annual production and sales guidance for 2024. The company has also streamlined operations by reducing contractor use and focusing on high-return projects.
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