Research analysts who have asked questions during Largo earnings calls.
Recent press releases and 8-K filings for LGO.
Largo Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance, and Announces Positive Copper Flotation Test Results
LGO
Earnings
Guidance Update
New Projects/Investments
- Largo reported Q4 2025 V2O5 equivalent production of 2,961 tonnes and annual production of 9,150 tonnes for 2025, which was within the company's guidance range.
- Q4 2025 V2O5 equivalent sales totaled 2,396 tonnes, a 21% decrease compared to Q4 2024, primarily due to the impact of US tariffs on Brazilian imports of High Purity vanadium, resulting in 0% high-purity V2O5 production in Q4 2025.
- For 2026, Largo provided V2O5 equivalent production guidance of 10,500 to 12,000 tonnes and sales guidance of 7,500 to 9,500 tonnes.
- The company announced positive metallurgical test results for copper concentrates containing gold, platinum, and palladium values, which led to the suspension of 2026 ilmenite production and sales guidance to evaluate the optimal use of its ilmenite flotation infrastructure for potential copper/PGM concentrate production.
1 day ago
Largo Reports 2025 Revenue and Strategic Reorganization
LGO
Earnings
Guidance Update
Demand Weakening
- Largo reported €32.4 million in revenue for 2025, representing a 7% decrease from €34.816 million in 2024. The Operators channel was the primary contributor, accounting for 68% of 2025 revenue and achieving a record year.
- A strategic reorganization was finalized in the second half of 2025, which involved a rationalization of the product range and a reduction in structural costs by over 15% (more than €1 million compared to 2024), fully effective from January 1, 2026.
- The company anticipates a significant improvement in profitability in 2026, driven by the full impact of the strategic reorganization and strong commercial momentum, with January and February 2026 expected to be "historic" months.
Jan 22, 2026, 6:30 AM
Largo Inc. Signs Definitive Agreement for Iron Ore Calcine Sale
LGO
New Projects/Investments
Revenue Acceleration/Inflection
- Largo Inc. has signed a definitive agreement for the sale of up to 4.5 million tonnes of iron ore calcine material stockpile.
- The agreement is expected to generate total cash proceeds in excess of US$56 million.
- The payment schedule includes an initial US$2.9 million by January 30, 2026, a second payment of US$1.9 million by February 16, 2026, and subsequent monthly payments of US$1.9 million commencing in April 2026.
- This transaction is anticipated to improve near-term cash flow, reduce long-term stockpile management costs, and unlock value from a new byproduct stream, which helps partially offset currently low vanadium prices.
Jan 20, 2026, 9:36 PM
Largo Signs Definitive Agreement for Iron Ore Calcine Sale
LGO
New Projects/Investments
Revenue Acceleration/Inflection
- Largo's Brazilian operating subsidiary has signed a definitive agreement for the sale of up to 4.5 million tonnes of iron ore calcine material stockpile.
- The multi-year Ex Works (EXW) contract is expected to generate cash proceeds in excess of US$56 million.
- The payment schedule includes an initial US$2.9 million by January 30, 2026, a second payment of US$1.9 million by February 16, 2026, and subsequent monthly payments of US$1.9 million commencing in April 2026.
- This transaction is anticipated to improve near-term cash flow, reduce long-term stockpile management costs, and help offset currently low vanadium prices.
Jan 20, 2026, 1:00 PM
Largo Inc. secures binding term sheet for iron ore calcine sale
LGO
New Projects/Investments
- On December 31, 2025, Largo Inc. received a binding term sheet for the sale of approximately 4.5 million tons of iron ore calcine.
- The aggregate consideration for this Proposed Transaction is US$56 million.
- This transaction is expected to provide near-term, non-dilutive liquidity and optimize the Company's asset portfolio by monetizing a non-core material stream.
Jan 15, 2026, 12:00 PM
Largo Initiates Copper Mineralization Studies and Extends Secured Loan
LGO
New Projects/Investments
Debt Issuance
- Largo has initiated studies on disseminated copper mineralization at its Maracás Menchen Vanadium Deposits, with internal metallurgical tests indicating potential for copper recovery as a byproduct using conventional flotation methods.
- The company's geological database shows a favorable structure for disseminated copper and platinum group metals (PGMs) mineralization, and preliminary tests suggest a positive response of copper-rich material to conventional flotation processes.
- A review of the Maracás Menchen deposits database, comprising 351 drill holes and 1,063 samples, reveals copper grades ranging from 0.1% to 1.5% Cu, with an average grade of 0.153% Cu.
- Largo has extended its US$6 million secured loan with ARG International AG until February 2027, including a 1% extension fee.
Jan 12, 2026, 1:00 PM
Largo Announces US$60 Million At-The-Market Equity Offering Program
LGO
- Largo Inc. has established an at-the-market equity offering program (ATM Program).
- The program allows the company to issue and sell common shares with aggregate gross proceeds of up to US$60,000,000.
- H.C. Wainwright & Co., LLC will serve as the sole sales agent for the program.
- Largo intends to use the net proceeds from the ATM Program for working capital and general corporate purposes.
- Sales of common shares under the ATM Program will be made on The Nasdaq Stock Market at prevailing market prices, and no sales will be made in Canada or on the Toronto Stock Exchange.
Jan 8, 2026, 10:18 PM
Largo announces US$60 million at-the-market equity offering program
LGO
- Largo Inc. has established an at-the-market equity offering program (ATM Program).
- The program allows for the issuance and sale of common shares to raise up to US$60,000,000 in aggregate gross proceeds.
- Sales will be conducted on The Nasdaq Stock Market through H.C. Wainwright & Co., LLC, acting as the sole sales agent.
- The net proceeds from the ATM Program are intended for working capital and general corporate purposes.
- No sales under this program will be made in Canada or over the Toronto Stock Exchange.
Jan 8, 2026, 1:00 PM
Largo Inc. Receives Binding Term Sheet for Iron Ore Calcine Sale
LGO
New Projects/Investments
Revenue Acceleration/Inflection
- Largo Inc. has received a binding term sheet for the sale of 4.5 million tons of iron ore calcine.
- The potential cash proceeds from this multi-year Ex Works (EXW) contract are in excess of US$56 million.
- This initiative aims to unlock value from accumulated byproduct materials, reduce future infrastructure requirements for stockpiles, and reduce disposal costs.
- The transaction is subject to final documentation, amendments to commercial terms, and customary conditions, with no assurance that a final transaction will be completed.
Jan 5, 2026, 8:30 PM
Largo Inc. Announces Co-CEOs and New CFO
LGO
CEO Change
CFO Change
Management Change
- Largo Inc. has appointed J. Alberto Arias and Daniel Tellechea as co-Chief Executive Officers, effective immediately, with Mr. Arias also transitioning to Executive Chairman.
- Diogo Silva will be promoted to Chief Financial Officer, effective December 5, 2025, succeeding David Harris.
- The new co-CEOs will focus on reducing costs, diversifying revenues, and refinancing the company's debt.
- Funds managed by J. Alberto Arias are the company's largest shareholder, holding approximately 37.9% of basic shares outstanding.
Nov 13, 2025, 6:22 PM
Quarterly earnings call transcripts for Largo.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more