Largo Resources (TSXV:LGO) has surpassed all previous daily, weekly and monthly production records at its Maracás Menchen vanadium mine for the month of May.
As quoted in the press release:
The company produced 780 tonnes of vanadium pentoxide (“vanadium” or “V2O5“) in May 2016, surpassing its previous record for monthly production of approximately 730 tonnes set in April 2016 by 7%.
Largo is also very pleased to announce that it achieved a new daily production record on Monday, May 23, 2016 of 34 tonnes of V2O5 (representing approximately 128% of the plant’s daily nameplate capacity).
The Company also recently achieved a new weekly production record of 198 tonnes of V2O5 during the week of May 24, 2016 (representing approximately 28.3 tonnes per day or 107% of nameplate capacity).
Largo President and CEO, Mark Smith, said:
With two months of consistent and record breaking production, our production team in Maracás has once again demonstrated the on-going success of the project. Largo is on the cusp of achieving nameplate capacity with these records and together with cost efficiencies, improved operational performance and an increase in V2O5 price, the Company will continue to be focused on creating strong shareholder value.
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