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Jaguar Mining Inc. (JAGGF) is a Canadian gold mining company with investments and operations in Brazil. Committed to generating value for shareholders, employees, and the community, we operate based on solid values of safety, ethics, environment, and social responsibility.
During 2023, the company completed exploration activities over three new target trends in Brazil, including Carrancas, Rio do Peixe, and Paciência. High-grade drilling and sampling programs defined mineralized strikes and gold anomalies, showcasing potential for future discoveries.
Exploration VP Jon Hill highlighted the success of exploring high-potential targets within their portfolio and reported significant results from the Rocinha - Carrancas - Carneiro trend, Rio do Peixe trend, and Paciência trend.
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Jaguar Mining Inc. announces a 4% increase in Proven and Probable Mineral Reserves, a 27% rise in Measured and Indicated Mineral Resources, and a 41% increase in Inferred Resources for 2023. The company's Mineral Reserves and Resources are detailed for its mining complexes, showcasing positive growth and future prospects.
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Jaguar Mining Inc. appoints Chief Executive Officer Vernon Baker to the Company's Board of Directors, bringing 40 years of mining industry experience. The Board now consists of eight members, six of whom are independent. Vernon's appointment is until the next annual general meeting, subject to nomination and election by the shareholders.
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Jaguar Mining Inc. reports a 6.7% increase in fourth quarter production compared to the previous quarter, with 18,481 ounces of gold produced. However, the annual consolidated gold production for 2023 decreased to 70,702 ounces compared to 80,968 ounces in 2022. The Company's cash position as of December 31, 2023, was $22.3 million, showing an increase from the previous quarter. The reduction in diamond drilling year-over-year was due to reduced contracted diamond drill meters and prudent cash management. The Company expects production levels at Turmalina and Pilar to remain consistent in 2024, with Faina contributing to production in the second half of the year.
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Jaguar Mining Inc. (JAG) announces updated Mineral Reserves and Mineral Resources for its MTL Complex, including the Turmalina Mine, the Faina Project, the Pontal deposits, the Zona Basal open pit deposit, and the Pitangui Project - São Sebastião Mineral Resource. The consolidated Proven and Probable Mineral Reserves for the MTL Complex are reported as 324 koz, with Consolidated Measured and Indicated Mineral Resources reported as 1,155 koz. Inferred Mineral Resources for MTL Complex are reported as 881 koz. The PR also highlights the addition of 448 koz of Indicated Mineral Resources and 379 koz of Inferred Mineral Resources for the recently acquired Pitangui Project. The updated NI 43-101 Technical Report for the MTL Complex will be published on SEDAR within 45 days of this press release.
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Jaguar Mining Inc. (JAG) announced Q3 2023 financial and operating results, reporting $20 million cash on hand, $3.8 million net income, and $31.6 million revenue. Consolidated gold production was 17,316 ounces, with cash operating costs per ounce sold at $1,188. The company also closed acquisitions and exchanged royalties, while appointing a new CFO.
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Jaguar Mining Inc. announces preliminary production results for Q3 2023
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Jaguar Mining completes acquisition of Pitangui and Acurui projects from IAMGOLD Corporation, issuing 6,331,713 common shares valued at $9 million.
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Jaguar Mining Inc. has reached an agreement with AngloGold Ashanti Limited for a non-cash royalty exchange on royalties previously attached to its Paciência Gold Mining Complex in Brazil. In exchange, Jaguar will receive two mining rights located close to AngloGold's other operating assets. The Paciência complex consists of two underground mines and a processing plant with capacity to treat approximately 1,750 tpd. The complex has an estimated total production of approximately 154,000 ounces of gold. Jaguar believes that the removal of the royalty and the acquisition of additional mining rights will allow for potential redevelopment opportunities and growth of the current Mineral Resource inventory.
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Jaguar Mining Inc. (TSX:JAG)(OTCQX:JAGGF) has entered into a share purchase agreement to acquire the Pitangui Project and the Acurui Project from IAMGOLD Corporation. The transaction includes the issuance of 6,331,713 common shares and a net smelter returns royalty. The Pitangui Project is located in Brazil and contains significant gold mineralization, while the Acurui Project is an exploration joint venture. The transaction aligns with Jaguar's strategy to leverage existing infrastructure for production growth.
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FAQ
What is the current stock price of JAGUAR MINING (JAGGF)?
The current stock price of JAGUAR MINING (JAGGF) is $1.55 as of January 23, 2025.
What is the market cap of JAGUAR MINING (JAGGF)?
The market cap of JAGUAR MINING (JAGGF) is approximately 131.0M.
Where does Jaguar Mining Inc. operate?
Jaguar Mining Inc. is a Canadian company with investments and operations in Brazil, specifically in the state of Minas Gerais.
What are the core values of Jaguar Mining Inc.?
Jaguar Mining Inc. operates based on values of safety, ethics, environmental responsibility, and social responsibility.
What were the highlights of Jaguar Mining Inc.'s exploration activities in 2023?
In 2023, Jaguar Mining Inc. focused on exploring new target trends in Brazil, including Carrancas, Rio do Peixe, and Paciência. They reported high-grade drilling intercepts and defined mineralized strikes and gold anomalies.
Who is the Vice President of Exploration at Jaguar Mining Inc.?
Jon Hill serves as the VP of Exploration and Geology at Jaguar Mining Inc. He highlighted the success of exploring high-potential targets within their portfolio.
What did the drilling results reveal at Jaguar Mining Inc.'s Faina Project?
Diamond drilling revealed high-grade mineralization at Faina, part of the MTL Mining Complex. The results indicated significant gold mineralization hosted within various mineralized lenses.
How has Jaguar Mining Inc. invested in Faina Project?
Jaguar Mining Inc. has invested approximately US$15 million in capital at the Faina Project, focusing on infill resource definition drilling, metallurgical testwork, access development, and studies.
What are the primary operating assets of Jaguar Mining Inc.?
Jaguar Mining Inc.'s principal operating assets are located in the Iron Quadrangle in Minas Gerais, including the MTL Mining Complex and the Caeté Mining Complex.
What significant drilling impacts were reported at Faina's lenses?
Resource definition drilling at Faina intersected high-grade mineralization at the J, I, and H lenses. Several significant drilling impacts with grade x thickness (GT) values greater than 25 were reported.
Who reviewed and approved the scientific and technical information in the press release?
Jonathan Victor Hill, Advisor Exploration and Geology at Jaguar Mining Inc., reviewed and approved the scientific and technical information in the press release.
What is the strategic focus of Jaguar Mining Inc. for future growth?
Jaguar Mining Inc. is focusing on expanding their mineral resources inventory at Faina, converting Inferred Mineral Resources to higher categories, and planning for increased production levels in 2025.
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