JAGUAR MINING INC - JAGGF STOCK NEWS

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.

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.

Jaguar Mining Inc. (TSX:JAG, OTCQX:JAGGF) has filed its annual information form for the year ended December 31, 2021. This form includes additional disclosures complementing the financial statements filed on March 21, 2022. The company operates in Brazil with three gold mining complexes and a significant land package of approximately 56,000 hectares. Key assets include the Turmalina and Caeté Gold Mine Complexes, while the Paciência Gold Mine Complex has been inactive since 2012. Further details can be found on the company's website.

Jaguar Mining Inc. has reported a significant increase in its consolidated Proven and Probable (2P) Mineral Reserves, reaching 507koz as of December 31, 2021, up from 478koz in 2020. The Pilar Mine contributed an increase of 41koz, totaling 251koz. The company is well-positioned to enhance its growth initiatives, with a Life of Mine projected through 2027 for both the Turmalina and Pilar mines. Despite a slight decrease in Indicated and Measured Mineral Resources, the overall outlook remains positive with successful exploration efforts, particularly at the Córrego Brandão Project.

Jaguar Mining reported Q4 and FY 2021 results on March 21, 2022. Q4 revenue fell 2% to $42.7 million, primarily due to a drop in gold prices. Operating costs rose 15%, attributed to inflation and increased development. Cash operating costs increased 14% to $802 per ounce, while all-in sustaining costs fell to $1,127 per ounce. Net income dropped 44% to $13.7 million due to a previous year impairment reversal. For FY 2021, gross profit decreased by 30% to $60 million. Free cash flow also declined to $8.2 million. A quarterly dividend of C$0.04 per share was declared.

Jaguar Mining Inc. has announced an 85% increase in its exploration and growth spending for 2022, allocating $27 million for direct expenditures. This investment is part of a 5-year plan aimed at expanding mineral resources and improving operational efficiency. The company anticipates adding approximately 45,000 ounces of annual production over the next five years. Key projects include Faina, Zona Basal, and Córrego Brandão, with several initiatives already underway in the Turmalina and Pilar mines. The company's growth strategy focuses on leveraging cash flow from operations to fund these endeavors.

Jaguar Mining Inc. (TSX:JAG)(OTCQX:JAGGF) reported an increase in Q4 2021 gold production by 2% to 22,903 ounces but an 8% decrease in annual production to 83,878 ounces. The company plans to allocate $18 million for exploration and growth in 2022, targeting a production guidance of 86,000 - 94,000 ounces at an AISC of $1150 - $1250 per ounce. Jaguar maintains a cash position of $40 million as of December 31, 2021, and paid $13.4 million in dividends during the year.

Jaguar Mining Inc. (TSX:JAG)(OTCQX:JAGGF) reported its Q3 2021 financial results, revealing a 6% decline in revenue to $40.7 million compared to Q3 2020. This decrease was primarily driven by a reduction in the average gold price to $1,753/oz.. Operating costs rose 38% to $19.4 million, with cash operating costs increasing by 36% to $833 per ounce. Net income fell to $11.4 million, down from $16.5 million last year. Despite these challenges, the company declared a dividend of C$0.04 per share, maintaining its previous payout.

Jaguar Mining Inc. reported a 12% increase in gold production for Q3 2021, with 22,602 ounces produced compared to 20,212 ounces in Q2 2021. Despite lower production than Q3 2020 due to lower grades, Pilar and Turmalina mines showed improved outputs. The company has strong liquidity, with cash reserves rising to $38 million. CEO Vern Baker highlighted ongoing exploration efforts, with projects progressing towards resource definition and pre-feasibility phases. However, the ongoing pandemic poses potential risks to future production.