Edition:
United Kingdom

Largo Resources Sees Q1 Significantly Impacted By Vanadium Pentoxide Price Decline


Monday, 22 Apr 2019 

April 22 (Reuters) - Largo Resources Ltd ::LARGO RESOURCES ISSUES UPDATE ON ANTICIPATED FINANCIAL RESULTS IN Q1 2019.LARGO RESOURCES LTD - Q1 2019 FINANCIAL RESULTS WILL BE SIGNIFICANTLY IMPACTED BY DECLINE IN PRICE OF VANADIUM PENTOXIDE SINCE START OF 2019.LARGO RESOURCES LTD - Q1 FINANCIAL RESULTS WILL BE SIGNIFICANTLY IMPACTED BY REMEASUREMENT OF TRADE RECEIVABLES UNDER GLENCORE OFF-TAKE AGREEMENT.LARGO RESOURCES LTD - ANTICIPATES THAT ITS NET INCOME (LOSS) FOR QUARTER WILL BE IN APPROXIMATELY BREAKEVEN RANGE.LARGO RESOURCES LTD - ANTICIPATES THAT REMEASUREMENT ADJUSTMENT WILL RANGE FROM CDN$55 MILLION TO CDN$60 MILLION.