Brazil-focused Canadian vanadium producer Largo Resources' revenue in the 2017 fiscal year, ended on December 31, more than doubled from 2016, the company said in its annual report Friday March 23.
The company achieved a revenue of C$167,723 ($130,849) in 2017, a 106% surge from the C$81,233 achieved in the same period of 2016. Its V2O5 production increased 16.7% from 2016, reaching 9,297 tonnes. V2O5 min 98%, in-warehouse Rotterdam prices closed 2017 at $9.60-9.90 per Ib, a 91% surge from the start of the year, peaking at $11.00-11.25 per lb in early September, according to Metal Bulletin's assessment. Mark Smith, president and chief...