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JAGUAR MINING INC - JAGGF STOCK NEWS

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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. announced preliminary production results for Q2 2023. Consolidated gold production decreased 24% to 16,750 ounces compared to Q2 2022. Pilar gold production decreased 33% to 8,876 ounces, and Turmalina gold production decreased 11% to 7,874 ounces. Total development meters increased by 12% to 3,193 meters. The company ended the quarter with cash of $23.9 million.
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Jaguar Mining Inc. (TSX:JAG) reported a 9% increase in consolidated gold production for Q1 2023, reaching 18,155 ounces compared to 16,663 ounces in Q1 2022. The company milled 206,000 tonnes, a rise from 184,000 tonnes in the same quarter last year. Gold production from the Pilar mine rose by 9% to 9,897 ounces, and Turmalina mine production also grew by 9% to 8,258 ounces. Development drilling increased by 10% to 2,880 metres, while exploration drilling fell by 63% to 9,655 metres. Cash at the end of the quarter stood at $25.8 million, up from $25.2 million at year-end. The guidance for gold production remains between 84,000 to 88,000 ounces with an AISC of $1,275 to $1,375 per ounce.

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Jaguar Mining Inc. has filed its annual information form for the year ending December 31, 2022, providing additional disclosures to its previously released financial statements on March 30, 2023. The company, listed on TSX as JAG and OTCQX as JAGGF, operates in Brazil with three gold mining complexes and substantial exploration potential across approximately 58,000 hectares. Key assets include the Turmalina Gold Mine Complex and Caeté Gold Mine Complex, emphasizing its position in the Iron Quadrangle of Minas Gerais. More details are available on the company’s website.

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Jaguar Mining Inc. announced its financial results for Q4 and the full year ended December 31, 2022. Revenue for Q4 decreased by 15% to $36.1 million due to a 10% decline in ounces sold and a 5% drop in realized gold prices. Gold production fell 8% to 21,116 ounces, while operating costs rose by 14% to $21.4 million. Despite these challenges, net income for Q4 increased to $11.5 million, boosted by a $10.7 million impairment reversal. For 2022, the full-year revenue declined by 6% to $142.5 million, with total production decreasing by 3%. The company ended the year with $25.2 million in cash, down from $40.4 million in 2021.

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Jaguar Mining announces its 2022 annual Mineral Reserves and Resources statement, revealing a 11% decrease in Proven and Probable Mineral Reserves to 454 koz due to depletion. However, Measured and Indicated Resources increased by 7% to 1320 koz, and Inferred Resources rose 13% to 1191 koz. Key updates include the Faina Growth Project's resource increase from 58 koz to 233 koz and an additional 235 koz of Inferred Resources at the dormant Paciência Complex. Free cash flow over three years totals $91.2 million, with $29.6 million in dividends paid. The company's operations maintain a five-year mineral reserve pipeline.

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Jaguar Mining Inc. (TSX:JAG, OTCQX:JAGGF) announces that Chief Financial Officer Hashim Ahmed will step down to pursue another opportunity. He will remain in the role for several months to support the transition while the company searches for his replacement from both internal and external candidates. CEO Vern Baker expressed gratitude for Ahmed's contributions over the past eight years, particularly in strengthening Jaguar’s balance sheet. Jaguar operates in Brazil with three gold mining complexes and significant exploration potential, notably in the Iron Quadrangle in Minas Gerais.

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Jaguar Mining announced promising results from diamond drilling at its Pilar mine complex and Catita target in Brazil. Highlights include:

  • 20.93 g/t Au over 10.0m in BA Structure
  • 24.01 g/t Au over 5.0m in LPA Structure
  • 9.72 g/t Au over 9.0m in SW Structure
  • 9.51 g/t Au over 5.9m at Catita Target

The drilling campaigns aimed to extend high-grade mineralization and successfully identified down plunge extensions at the BA structure. The company plans to release updated Mineral Reserves and Resources in March 2023. CEO Vern Baker emphasized the potential for further exploration opportunities within the mine.

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Jaguar Mining announced positive drill results from its Turmalina Complex in Brazil, highlighting significant gold mineralization. Key findings include:

  • 22.87 g/t Au over an estimated true width of 5.4m in Orebody C
  • 13.54 g/t Au over 6.4m in Orebody B
  • 9.51 g/t Au over 9.8m in Faina Resource Conversion Infill Drilling

The drilling focused on high-grade extensions and confirmed continuity of mineralization. The Company will update Mineral Reserves and Resources in March 2023. CEO Vern Baker expressed excitement over the results, indicating they support the Company’s growth plans.

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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.
JAGUAR MINING INC

OTC:JAGGF

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JAGGF Stock Data

130.96M
36.74M
55.01%
9.6%
8.43%
Gold
Basic Materials
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United States of America
Toronto