Operator
Good morning, ladies and gentlemen. Welcome to Largo’s Second Quarter 2026 Earnings Call. This conference is being recorded, and the replay will be available at the company’s website at largoinc.com. [Operator Instructions]. Questions must be submitted in writing using a Q&A function on the webcast platform.
The company will be reviewing the questions received and select a number for management to address. Similar questions may be combined and we may not be able to answer every question submitted.
Before we continue, please note that today’s discussion may include forward-looking statements and references to non-GAAP financial measures. These statements are subject to the risks and uncertainties described in Largo’s public filings.
Reconciliations of non-GAAP measures and additional information are included in the company’s second quarter 2026 earnings release. Financial statements and MD&A. Presenting this conference, we have Mr. Alberto Arias, Executive Chairman and Co-Chief Executive Officer; and Mr. Jim Bannantine, Co-Chief Executive Officer;
Now I will turn the conference over to Mr. Arias and Mr. Bannantine. Please, you may begin your conference.
Jesus Alberto Arias
Co-CEO & Executive Chairman
Thank you, and good afternoon, everyone, and thank you for joining us today. The second quarter show us the work underway across Largo is gaining real momentum. We produced more, sold more, grew revenue and returned to positive adjusted EBITDA.
Just as importantly, the progress we made since the quarter end across our balance sheet, our U.S. commercial position and our copper PGM initiative have strengthened the business and broadened the opportunities ahead. Let’s start with our second quarter operating results. Ore availability improved during the quarter. Total ore mined increased 46.6% year-over-year to 712,198 tonnes, reflecting better mine