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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. reported interim gold production results for Q3 2022, showcasing 21,161 ounces produced, a 6% decline from Q3 2021's 22,603 ounces. The Pilar mine produced 11,195 ounces (down 9%) while the Turmalina mine yielded 9,966 ounces (down 3%). Notably, the company maintained a cash position of $30 million and paid a $2.2 million dividend. Development activities saw a rise of 15% to 3,000 metres, and drilling efforts increased 13% to 21,359 metres. The company anticipates improvements in production consistency in the next quarter.

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Jaguar Mining Inc. (TSX:JAG; OTCQX:JAGGF) announced promising results from in-mine diamond drilling at its Pilar Mine Complex in Minas Gerais, Brazil. Highlights include intersections of 104.72 g/t Au over an estimated true width of 2.8m and additional significant intercepts. The company plans to initiate a deep drilling program targeting Life of Mine Mineral Reserves down to level 25, aiming to extend resources significantly. President Vern Baker emphasized the consistency of economic mineralization at depth and expressed optimism for future resource expansions.

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Jaguar Mining Inc. has released promising results from its exploration at the Turmalina Gold Mine Complex in Brazil. The drilling at Orebody CNW revealed high-grade gold intersections, including 14.81 g/t Au over 3.10m, indicating significant mineral potential. Similarly, the Pontal South exploration unveiled a new mineralized zone with notable grades such as 4.09 g/t Au over 11m. These findings suggest the potential for expanding the company's mineral resources and improving profitability as drilling continues to identify economically viable gold targets.

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Jaguar Mining Inc. (TSX:JAG)(OTCQX:JAGGF) is hosting a Town Hall Meeting on July 19, 2022, at 11:30 AM EST, led by CEO Vern Baker. The meeting will cover the company's second-quarter updates and exploration portfolio developments. Stakeholders can participate in a Q&A session. Jaguar Mining holds the third-largest gold land position in Brazil's Iron Quadrangle, encompassing over 25,000 hectares. The company operates several gold mining complexes in Minas Gerais, with significant exploration potential.

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Jaguar Mining Inc. (TSX:JAG) announced a 4% increase in consolidated gold production for Q2 2022, achieving 21,036 ounces compared to 20,212 ounces in Q2 2021. Pilar mine production rose 14% while Turmalina saw a 9% decline. Development metrics improved, with a 25% increase in total development meters and a 64% increase in drilling. The company's cash position dropped to $30.5 million from $34.8 million. CEO Vern Baker expressed satisfaction with operational progress despite challenges at Turmalina.

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Jaguar Mining Inc. announces acceptance of its normal course issuer bid by the Toronto Stock Exchange to repurchase up to 3,623,640 common shares, approximately 5% of its outstanding shares. The bid will begin on June 15, 2022, and end on June 14, 2023. Management will determine share purchases based on market conditions, with a daily limit of 22,395 shares. The aim is to enhance long-term shareholder value and mitigate potential dilution from future share issuances.

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Jaguar Mining Inc. reported the results from its annual general meeting held on June 3, 2022. All nominees for the board of directors were successfully elected, with votes for ranging from 93.38% to 99.755%. The appointment of auditors was approved with 99.325% of votes in favor. Additionally, the company's stock option plan gained majority approval at 89.267%. Jaguar operates in Brazil, with key assets including the Turmalina and Caeté Mining Complexes. The voting results can be found on Jaguar's profile at www.sedar.com.

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Jaguar Mining Inc. (TSX:JAG)(OTCQX:JAGGF) reported its Q1 2022 financial results, revealing a 3% decline in revenue of $30.6 million compared to Q1 2021 due to reduced gold production. Operating costs rose 33% to $19.6 million, driven by inflation across labor and mining materials. The company experienced a net loss of $6 million, a significant decrease from a net income of $6.1 million in Q1 2021. Despite challenges from weather and COVID-19, free cash flow improved to $2.7 million, and a quarterly dividend of C$0.04 was declared.

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Jaguar Mining Inc. has filed independent National Instrument 43-101 Technical Reports for the Turmalina and Pilar Gold Mines. These reports validate the company's updated mineral reserves and resources, first announced on March 31, 2022. Jaguar operates three gold mining complexes in Brazil, primarily in the Iron Quadrangle region. The company controls a land package with exploration potential covering approximately 56,000 hectares. The reports are accessible via SEDAR and the company's website.

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Jaguar Mining Inc. recently announced its Q1 2022 production results. Gold production declined by 8% to 16,663 ounces compared to 18,160 ounces in Q1 2021. Despite this drop, the average head grade improved to 3.19 g/t. The company noted significant development and exploration efforts, with 2,620 meters of development and 25,771 meters of drilling conducted, a 65% increase year-over-year. Cash reserves stood at $34.8 million, down from $40.3 million at year-end 2021. Jaguar aims to meet its production guidance of 86,000 to 94,000 ounces for the year.

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FAQ

What is the current stock price of JAGUAR MINING (JAGGF)?

The current stock price of JAGUAR MINING (JAGGF) is $1.6065 as of December 20, 2024.

What is the market cap of JAGUAR MINING (JAGGF)?

The market cap of JAGUAR MINING (JAGGF) is approximately 206.4M.

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

JAGGF Rankings

JAGGF Stock Data

206.43M
36.74M
55%
9.58%
8.43%
Gold
Basic Materials
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United States of America
Toronto