Largo maintains 2026 adjusted cash cost guidance of US$3.50–4.50 per pound excluding royalties
LGO•Largo maintained its 2026 production, sales and cash-cost guidance. Second-quarter revenue rose 68.5% to US$44 million, and adjusted EBITDA was US$2.7 million.
1. Guidance maintained
Largo maintained 2026 guidance for V₂O₅-equivalent production of 10,500–12,000 tonnes and sales of 7,500–9,500 tonnes. Adjusted cash operating costs excluding royalties are forecast at US$3.50–4.50 per pound, compared with US$4.12 in the second quarter.
2. Quarter and contract
Second-quarter revenue rose 68.5% to US$44 million, while adjusted EBITDA reached US$2.7 million despite higher input costs. Largo also set initial monthly production guidance of 300–380 tonnes for copper-PGM concentrate using existing infrastructure. A US$60.1 million Defense Logistics Agency delivery order through January 2030 is expected to support realized pricing and margins.
