Michael Heim's questions to Largo (LGO) leadership • Q3 2023
Question
Asked about the timeline for seeing grade improvements and whether the company has adequate resources for its 2024 projections following recent cost-cutting measures.
Answer
Ore grades are expected to improve in 2024, with magnetic content increasing from 19% to 22%, and the new crushing plant will help offset lower grades. The company is confident it has adequate resources for 2024, as headcount reductions were related to completed construction projects, returning staffing to previous levels.