Largo Extends Maracás Mine Life to 2054, Boosts Vanadium and Titanium Reserves by 67%
Portfolio Pulse from Benzinga Newsdesk
Largo Inc. has extended the life of its Maracás Menchen mine to 2054, significantly increasing vanadium and titanium reserves by 67%. The updated Life of Mine Plan and Pre-Feasibility Study reveal strong project economics with a post-tax NPV of $1.1 billion and a post-tax cash flow of $3.8 billion. The report highlights robust production scenarios and future growth opportunities.
October 28, 2024 | 10:02 am
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Largo Inc. has extended the life of its Maracás Menchen mine to 2054, increasing vanadium and titanium reserves by 67%. The updated plan shows strong project economics with a post-tax NPV of $1.1 billion and a post-tax cash flow of $3.8 billion.
The extension of the mine life and significant increase in reserves are positive indicators for Largo's future production and revenue potential. The strong economic metrics, including a high NPV and cash flow, suggest a favorable outlook for the company's financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100