Largo Resources Ltd (OTCMKTS:LGORF) is a really exciting Canadian natural resource company seeing big growth over the past year transforming the stock into a volume leader and explosive runner making a significant run up the charts in 2018.
Largo got a recent boost after the Company announced reported Q3 results. Revenues were $149.5 million in Q3 2018, a 179% increase over Q3 2017 and a 45% increase over Q2 2018. Net income of $71.4 million and basic earnings per share of $0.14. The record numbers from Largo comas as production output was 2% higher than in Q3 2017 and 4% higher than in Q2 2018. The global recovery rate in Q3 2018 (77.1%) was slightly lower than Q2 2018 (79.2%), due to operational instability in the kiln as a result of the refractory liner maintenance in July and August. The kiln performance also impacted the leaching recovery during the same period. Additionally, the milling recovery was negatively affected by a coarser grind size. The September7 |P a g eglobal recovery level was however a record 82.2%, mainly due to improved kiln stability and better control of the milling section.
Anglo Pacific Group plc (LON:APF) has a 2% NSR royalty on all mineral products sold from the area of the Maracás Menchen project to which the royalty interest relates.