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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.
Jaguar Mining reported its Q4 and FY 2022 production results, revealing gold production of 21,116 ounces for Q4 2022, down from 22,903 ounces in Q4 2021. For FY 2022, total gold production was 80,968 ounces, down from 83,878 ounces in 2021. The company also provided production guidance for 2023, targeting 84,000 to 88,000 ounces. Despite higher sustaining capital expenditures, Jaguar maintains a solid cash position of $25.2 million. Development efforts increased, with 11,571 meters of development completed in 2022, supporting growth, particularly in the Faina project.
Jaguar Mining Inc. (TSX:JAG, OTCQX:JAGGF) has commented on allegations from the Ontario Securities Commission concerning its Chairman, William Jeffrey Kennedy, related to a 2017 capital markets transaction. The allegations do not involve any business or activities of Jaguar and the Company is not a respondent in the matter. Jaguar Mining continues to focus on its operations, which include significant gold mining complexes in Brazil, while monitoring the proceedings closely. The Company remains committed to transparency and investor communication.
Jaguar Mining Inc. (TSX:JAG, OTCQX:JAGGF) reported financial results for Q3 2022, revealing a 7% revenue decline to $37.8 million compared to Q3 2021. Operating costs rose by 14% to $22.1 million, driven by inflation and increased labor expenses. Net income also fell to $6.5 million, down from $11.4 million in the previous year. Cash operating costs jumped to $999 per ounce, with all-in sustaining costs at $1,331. The company's cash position decreased to $29.9 million, and working capital fell to $19.6 million. A quarterly dividend has been suspended to prioritize growth investments.
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.
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.
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.
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.
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.
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.
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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