Largo Resources Ltd. (T:LGO*CA)

Business Focus: N/A

Sector:  Energy Industry:  Uranium
See Regulatory Filings on SEDAR
Company Contact
Address: 55 University Ave Suite 1105
Tel: 1-416-8619406
IR: See website
Key People
Paulo Misk
President, Chief Operating Officer
Mark A. Smith
Chief Executive Officer, Director
Darcie Eileen Ladd
Vice President of Investor Relations
Robert Leo Campbell
Vice President - Exploration
Ernest M. Cleave
Chief Financial Officer
Business Overview
Largo Resources Ltd is a Canada-based vanadium mining company. The company is focused on the production of vanadium flake and vanadium powder at the Maracs Menchen Mine located in Bahia State, Brazil. It operates through two segments: Mine properties, and Exploration and evaluation properties. It holds interest in the Currais Novos tungsten tailings property and Campo Alegre de Lourdes iron-vanadium property. The Currais Novos tungsten tailings property is located approximately 180 kilometers from Natal in the State of Rio Grande do Norte, Brazil. The Campo Alegre de Lourdes property is located approximately 880 kilometers north-northeast of Brasilia and over 650 kilometers northwest of Salvado. In Canada, the Company holds interest in the Northern Dancer tungsten-molybdenum property, located in the Yukon Territory.
Financial Overview
For the nine months ended 30 September 2019, Largo Resources Ltd revenues decreased 69% to C$105.9M. Net loss totaled C$31.3M vs. income of C$208M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Accretion increase from C$4.4M to C$9.2M (expense), Share-based payments increase from C$1.2M to C$4M (expense).
Employees: 369 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $470.66M as of Sep 30, 2019
Annual revenue (TTM): $283.44M as of Sep 30, 2019
EBITDA (TTM): $144.06M as of Sep 30, 2019
Net annual income (TTM): $76.70M as of Sep 30, 2019
Free cash flow (TTM): $223.89M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 560,066,308 as of Jan 17, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization