# Largo Reports Q4 and Full Year 2025 Operational and Sales Results; Provides 2026 Outlook and Vanadium Guidance; Reports Positive Precious Metals Results on Recent Copper Flotation Tests.

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/largo-reports-q4-and-full-year-2025-operational-and-sales-results-provides-2026--03ff87ef-6f5f-42fe-a10c-2d9a8dc1e0d5

Original source: https://money.tmx.com/en/quote/LGO/news/6169029701809974/largo-reports-q4-and-full-year-2025-operational-and-sales-results-provides-2026-

Publisher: tmx

Original announcement: 2026-02-05T23:22:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Largo Inc.

- Ticker: LGO

- Exchange: TSX

- Region: Brazil

- Primary commodity: Vanadium

- Secondary commodities: Copper, Platinum, Palladium, Silver, Cobalt, Nickel, Ilmenite

- Document categories: Production, Metallurgy

- Extracted: 2026-08-25 18:49:14 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Largo reported 2025 vanadium production of 9,150 tonnes, meeting guidance despite US tariff impacts on high-purity sales. Notably, recent copper flotation tests yielded positive results with significant gold, platinum, palladium, and silver credits, prompting a re-evaluation of ilmenite infrastructure for copper/PGM production.

Reasoning: The company reported strong annual vanadium production and recovery improvements, alongside highly material new metallurgical results for copper and PGMs that may shift future production focus away from ilmenite.

- Positive factor: Strong vanadium production in Q4 2025 vs Q4 2024

- Positive factor: Improved annual vanadium recovery to 80.1%

- Positive factor: Positive metallurgical results for copper/PGM flotation

- Positive factor: Positive precious metal credits \(Au, Pt, Pd, Ag\) in copper concentrate

- Negative factor: US tariffs impacting high-purity vanadium sales

- Negative factor: Suspension of 2026 ilmenite guidance to evaluate copper/PGM potential

Facts used in scoring: 9

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Story-specific tag

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: Results analyzed externally in an accredited laboratory \(SGS-Geosol\).

Evidence · text

> analysed externally in an accredited laboratory \(SGS-Geosol\)

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: Copper results obtained using conventional flotation process.

Evidence · text

> recoverability of copper using conventional flotation process

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.