Largo produces 2,900 tons of vanadium as Largo stock trades at EUR 0.38

Published on 10/20/2026 at 19:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cash operating costs rose to USD 5.10 per pound in Q2 2026 versus USD 4.63. Largo stock costs EUR 0.38 on October 20, 2026 after hours.

Operating figures and valuation

Largo produced 2,900 tons of vanadium in the second quarter of 2026.
Adjusted EBITDA reached USD 2.70 million in the second quarter of 2026.
Largo stock costs EUR 0.38 at Lang & Schwarz on October 20, 2026 at 7:49 p.m. CEST.
The next reported earnings date is November 11, 2026.

LGO, CA5170971017, Illustration mit AI erstellt.

Largo produced 2,900 tons of vanadium in the second quarter of 2026, an increase of 28.50 percent from the prior-year quarter. The result gives investors a clearer operating measure than the headline loss, while the stock was at EUR 0.38 at Lang & Schwarz on October 20, 2026 at 7:49 p.m. CEST.

Production improved in the second quarter

According to the Yahoo Finance transcript dated August 21, 2026, first-half production reached 5,516 tons, up 55.20 percent from the same period in 2025. Vanadium sales rose 53.00 percent to 2,773 tons, while ilmenite concentrate sales increased 67.00 percent to 10,059 tons.

The operating recovery also reached the income statement. Second-quarter revenue increased 68.50 percent to USD 44.00 million, including USD 42.00 million from vanadium and USD 1.40 million from ilmenite. Adjusted EBITDA returned to positive territory at USD 2.70 million, compared with USD 34,000 in the prior-year quarter, while the company reported a net loss of USD 22.70 million that included non-cash asset write-downs and deferred tax expense.

Costs remain the key pressure point

Cash operating costs excluding royalties rose to USD 5.10 per pound sold from USD 4.63 in the prior-year quarter. On an adjusted basis, costs reached USD 4.12 per pound, up from USD 3.18. The transcript attributed the increase to higher diesel, explosives and sulfur-derived reagent costs.

Funding and reporting dates

Largo management said in the August 21, 2026 call that a debt restructuring agreement covered approximately USD 82.20 million of commercial debt and extended final maturity from September 2026 to March 2030. The company also retained full-year vanadium production guidance of 10,500 to 12,000 tons and sales guidance of 7,509 to 9,500 tons.

The Globe and Mail reported on September 27, 2026 that Maxim Group maintained its Buy rating and a USD 2.00 price target. The next reported earnings date is November 11, 2026.

Stock valuation and operating scale

Largo had a market capitalization of CAD 44.9 million on October 20, 2026 and traded on the Toronto Stock Exchange under LGO. Its business centers on vanadium products from Brazil and emerging copper and platinum-group-metal concentrate production.

Stock price after the Xetra close

Largo stock stood at EUR 0.38 at Lang & Schwarz on October 20, 2026 at 7:49 p.m. CEST. The quotation was in the after-hours phase, while the latest operating figures point to stronger production and positive adjusted EBITDA alongside higher unit costs. The further course of trading is shown by the continuously updated real-time quote of Largo stock.