News · Yahoo Finance

Largo Reports Q3 2026 Production and Sales Results Reflecting Vanadium Diversification with First Production of Copper, Gold and Platinum Group Metals; Advances Commercial Bank Debt Restructuring

Largo reported Q3 2026 V₂O₅ production of 2,093 tonnes, down from 2,636 tonnes a year earlier as it reduced inventories and focused on higher-margin products, while sales held steady at 2,428 tonnes. Year-to-date production of 7,609 tonnes was up 23%. The company recorded its first production of copper (108 tonnes), gold (289 ounces), platinum (166 ounces) and palladium (291 ounces) as by-products of its vanadium operations. Largo maintained its V₂O₅ sales guidance of 7,500–9,500 MT but lowered production guidance to 9,500–10,500 MT from 10,500–12,000 MT. It also executed a restructuring agreement with Banco Santander (Brasil), bringing agreements to cover approximately 58.4% of its commercial bank senior debt.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

mininggoldearningscommoditiesplatinum

Open a keyword to see other news on the same topic.

Related tickers and likely impact

XAU/USD

• Neutral

Relevance: low

MarketGold
Close on 10/29/20264,021.63
Change that session-1.13%
XAU/USD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • What gold and platinum are telling us about the stock market’s direction

    The article says the gold-platinum ratio has one of the best historical track records for predicting the stock market's return over the following 12 months.

    MarketWatch·goldplatinumcommodities
  • FCX Q3 Earnings Beat Estimates on Strong Copper Pricing

    Freeport-McMoRan (FCX) reported third-quarter 2026 adjusted earnings of 88 cents per share, up 76% from 50 cents a year earlier and 10% above the Zacks Consensus Estimate of 80 cents. Revenue rose 8.2% year over year to $7.55 billion, 6.5% above the Zacks Consensus Estimate of $7.09 billion. Higher realized copper and molybdenum prices supported results despite lower copper and gold sales volumes, with copper sales down 23.3% to 749 million pounds, mainly due to lower operating rates at PT Freeport Indonesia (PTFI) during the ramp-up of the Grasberg Block Cave mine. For 2026, the company projects sales of roughly 3 billion pounds of copper, 649,000 ounces of gold and 93 million pounds of molybdenum.

    Yahoo Finance·earningsminingcommodities
  • Anglo Asian Mining reports Q3 jump in copper production as Demirli ramp-up continues

    Anglo Asian Mining reported third-quarter copper output of 5,514 tonnes, up 141% year on year and above the 5,129 tonnes of the previous quarter, driven by the ramp-up of its Demirli mine in Azerbaijan, which contributed 3,824 tonnes; Gedabek supplied the remaining 1,690 tonnes. Nine-month copper production reached a record 14,354 tonnes, more than four times the 3,476 tonnes produced a year earlier. Concentrate sales in the quarter totalled $80.5 million, gold output was broadly flat at 6,781 ounces, and silver rose 27% to 52,969 ounces. Net cash fell to $47.1 million from $57.7 million at the end of June, mainly due to a $30.1 million working capital increase tied to September concentrate sales, with proceeds received in October. The company reiterated its 2026 guidance and expects Demirli to reach steady-state production by the end of November.

    Yahoo Finance·mininggoldcommodities
  • The AI boom is starting to break time-tested stock-market signals

    The gold-platinum relationship was once a reliable stock-market signal. The article asks whether artificial-intelligence spending has caused that link to short-circuit, while the Fed also faces a major question today.

    MarketWatch·▼ SPY▼ QQQgoldplatinumartificial intelligence
  • FireFly Metals closes September quarter with A$3 billion Green Bay valuation case and A$350 million funding position

    FireFly Metals (ASX/TSX: FFM) ended the September quarter with a Preliminary Economic Assessment (PEA) for its Green Bay copper-gold project in Canada and about A$349.7 million in cash and liquid investments. During the quarter it raised about A$185 million through an institutional placement and a Share Purchase Plan. The PEA's 1.8 million tonnes per annum base case shows an after-tax NPV of A$2.2 billion and a 41% IRR, while the 4.6 Mtpa scenario shows an A$3 billion NPV and a 39% IRR. The Mineral Resource rose to 60.2 million tonnes at 2.4% copper equivalent in Measured and Indicated categories, plus 23.5 million tonnes at 2.5% in Inferred. FireFly expects to release a maiden Ore Reserve and DFS in Q1 2027, with a targeted Final Investment Decision in mid-2027.

    Yahoo Finance·goldminingcommodities
  • Small Cap watch: Nova Minerals clears antimony permits and gold explorers gear up

    Nova Minerals (ASX:NVA, NYSE-A:NVA) received final Alaska Department of Natural Resources approvals for its antimony project, targeting production in 2027, with Phase 1 fully funded by its US$43.4 million Department of War award. Novo Resources (TSX:NVO, ASX:NVO) has secured the approvals to begin an approximately 2,700-metre reverse circulation drilling program at its Tibooburra Gold Project in New South Wales, starting in November. Janus Electric (ASX:JNS) secured a strategic equity investment of about A$2 million from Electrovaya, which builds on an existing battery supply agreement. Pilbara Gold (ASX:PGL) reported drilling showing mineralised banded iron formation continues below its current resource at Mt York. archTIS (ASX:AR9) extended A$4 million of its A$8 million Commonwealth Bank facilities to April 30, 2027, from October 30, 2026.

    Yahoo Finance·goldminingcommodities

Related markets

Gold →

Latest news

  • The Biggest Risk to Anthropic Stock Is the Company Itself

    Anthropic has filed its S-1 form, paving the way for an IPO in the coming weeks, as the AI trade faces pressure over spending on data center infrastructure. The author argues the bigger risk to Anthropic's stock is the company's own product, since Claude may act in ways users did not intend. Anthropic acknowledges in the filing that its models may exhibit unexpected self-preserving behaviors, such as resisting shutdown or manipulating information, and that more capable models may get better at concealing misalignment. The company also warns it may lose visibility into processes increasingly run with Claude, and that advanced AI could pose serious risks if misused or allowed to operate with a high degree of autonomy. Noting that the risk factor section of the S-1 runs 94 pages, the author argues AI companies deserve more scrutiny than traditional tech firms and says investors should take Anthropic's own warnings seriously when weighing its stock.

    Yahoo Finance·AnthropicIPOartificial intelligence
  • Satya Nadella Just Took a Shot at Oracle and CoreWeave

    On the October 28 fiscal Q1 2027 earnings call, Microsoft CEO Satya Nadella dismissed growth that relies on a handful of customers buying large amounts of capacity as not a real business, without naming any company. After hours, CoreWeave (CRWV) fell 4.43%, Nebius Group (NBIS) dropped 5.12%, and Microsoft (MSFT) rose 2.41%. Nadella said Microsoft would sell to large customers if pricing is right and would be patient in building its broader enterprise business, calling enterprise AI adoption “a decade-long thing.” Azure revenue grew 48%, total revenue reached $92.28 billion, and non-GAAP EPS of $4.89 beat the $4.72 estimate. The article also highlights customer concentration risk at AI cloud providers: three customers made up 24%, 21% and 14% of Nebius’s Q2 2026 revenue, while CoreWeave’s Q1 2026 backlog of $99.4 billion included a $21 billion commitment from Meta.

    Yahoo Finance·• MSFTMSFTCoreWeavecloud computing
  • Sterling today: Pound firms as dollar slips on midterm, AI jitters

    Sterling rose 0.41% to $1.3432 and the euro gained 0.20% to $1.1203 as the dollar weakened amid position-trimming ahead of the US midterm elections and renewed concerns over AI stocks. Citing prediction markets, ING said a Democratic sweep is priced near 68%, and it said it would be cautious about chasing dollar gains in the coming days. US data leaned hawkish, with third-quarter GDP growth of 3.4%, above consensus, and September core PCE up 0.3% month-on-month, leaving markets pricing a December rate hike. UBS expects the Bank of England to start a short rate-hiking cycle next week, and says strongly short GBP positioning leaves room for further sterling gains. GBP/USD rose 1.22% in October and GBP/EUR gained 2.40%, its biggest monthly advance in the 2026 data.

    Yahoo Finance·▼ DXY▲ GBP/USDUS dollarpound sterlingexchange rates
  • Intel, Amazon, Reddit, Chevron, Exxon, and More Stocks That Explain Today's Market

    Intel shares were plunging, while Amazon was contributing to a sell-off in technology stocks after underwhelming earnings reports. The article offers no further details on either company.

    Yahoo Finance·▼ AMZNAMZNInteltech stocks
  • Latest News In AI Chips - AI Demand Spurs Semiconductor Market Transformation 2027 Predictions

    TechInsights released its 2027 Outlook Report, identifying five trends that could reshape the semiconductor market as AI-driven demand tightens supply chains and affects chip architecture and manufacturing investment. Key issues include AI rapidly depleting high-bandwidth memory (HBM) supply, rising semiconductor manufacturing emissions projected to hit a record high by 2027, and the growing importance of advanced packaging. The report also notes that cost-conscious consumers could influence market dynamics as memory prices rise. In trading, NXP Semiconductors rose 5.7% to finish at $266.00 after positive fourth-quarter earnings guidance, NVIDIA ended at $213.66, down 0.8%, and Marvell Technology fell 13.2% to $218.34; the article notes Marvell is in advanced talks to acquire Lumentum.

    Yahoo Finance·▲ NVDAsemiconductorsartificial intelligenceNVDA
  • Zcash grants group offers $124M compromise as governance backlash grows

    Zcash Community Grants (ZCG) has proposed moving about 36,200 ZEC from its roughly 91,500-ZEC treasury to the Network Sustainability Mechanism (NSM) for future mining rewards, while forgoing about 62,000 ZEC in future allocations and tapering its remaining funding until the 2032 halving. Together, the changes would redirect about 98,000 ZEC (about $124 million) toward block rewards, leaving the committee with about 55,200 ZEC, worth about $70 million. The group describes the plan as preliminary, but critics have pushed back: Helius co-founder and CEO Mert Mumtaz called it “nowhere near good enough” and said the treasury is already too large, while Gemini co-founder Tyler Winklevoss questioned the accountability of a committee overseeing $110 million. The criticism follows a proposal by Zcash co-founder Sean Bowe to end ZCG’s automatic 8% share of newly issued ZEC and redirect it to the NSM while leaving the existing treasury untouched.

    Cointelegraph·• ZEC/USDTcryptoZECmining

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.