ExpansionAug 10, 2026, 08:41 AM
Largo Starts Copper & PGM By-Product Production After Approval
AI Summary
Largo Inc. announced that Brazil's National Mining Agency (ANM) has approved its request to produce and sell copper and platinum group metals (PGM) as by-products from its Maracás Menchen Mine. The company is commencing the ramp-up of copper-PGM concentrate production, which includes platinum, gold, palladium, silver, cobalt, and nickel, utilizing existing infrastructure. This move is expected to diversify revenue, strengthen profit margins, and unlock additional value from its existing mineral resource base, with guidance anticipated on August 14, 2026.
Key Highlights
- Brazil's National Mining Agency (ANM) approved Largo to produce and sell copper and PGM by-products.
- Largo is commencing ramp-up of copper-PGM concentrate production at Maracás Menchen mine.
- Production includes copper, platinum, gold, palladium, silver, cobalt, and nickel.
- Ilmenite concentrate production is temporarily suspended to maximize copper-PGM output.
- Copper-PGM concentrate production is expected to generate higher profit margins than ilmenite.
- Company plans to evaluate equipment for ilmenite production from copper concentrate tailings.
- Guidance for copper-PGM production and sales expected with Q3 earnings on August 14, 2026.
Price Impact
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