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: 1-416-861 9797
IR: See website
Key People
Paulo Misk
President, Chief Operating Officer
Mark A. Smith
Chief Executive Officer, Director
David Harris
Corporate Controller
Nilson Luciano Helio Chaves
Vice President - Finance and Administration, Brazil
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 three months ended 31 March 2020, Largo Resources Ltd revenues increased 31% to C$58.2M. Net income totaled C$5.7M vs. loss of C$2.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Interest expense and other fees decrease of 98% to C$118K (expense), Share-based payments decrease of 64% to C$547K (expense), Accretion decrease of 94% to C$55K (expense).
Employees: 379 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $526.38M as of Mar 31, 2020
Annual revenue (TTM): $153.88M as of Mar 31, 2020
EBITDA (TTM): $23.82M as of Mar 31, 2020
Net annual income (TTM): -$28.31M as of Mar 31, 2020
Free cash flow (TTM): $8.88M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 562,975,760 as of Apr 20, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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