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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 Inc. has successfully finalized the sale of its Net Smelter Return (NSR) royalty related to the CentroGold Project in Brazil to Metalla Royalty & Streaming Ltd. for up to US$18 million. The transaction includes an upfront cash payment of US$7 million, with an additional US$11 million contingent upon the achievement of project milestones. The NSR consists of variable percentages based on gold production levels. This strategic sale allows Jaguar to secure immediate funds and potential future payments as the project develops.
Jaguar Mining Inc. (TSX:JAG)(OTCQX:JAGGF) is enhancing its COVID-19 Response Plan due to increasing pandemic cases in Brazil, particularly in Minas Gerais. The state has declared a curfew, and local hospitals are nearing capacity. Jaguar reported 185 COVID-19 cases among employees, primarily in Q1 2021. Increased measures include appointing a COVID-19 Monitor, limiting contractor access, and requiring high-risk employees to work from home. While production remains within annual guidance, ongoing infections and potential lockdowns may affect output. The company adapts to government protocols as needed.
Jaguar Mining Inc. (TSX:JAG)(OTCQX:JAGGF) announced its addition to the VanEck Vectors Junior Gold Miners ETF (GDXJ) as of market close on March 18, 2021. This inclusion is part of GDXJ's first quarter rebalancing for 2021. Additionally, Jaguar has also been added to the U.S. Global GO GOLD and Precious Metal Miners ETF. The company anticipates further additions to precious metals-related ETFs, which may boost market visibility and liquidity over the next year.
Jaguar Mining Inc. has finalized a Definitive Agreement with Metalla Royalty & Streaming Ltd. to sell its Net Smelter Return (NSR) royalty from gold production at the CentroGold Project in Brazil, valued up to US$18 million. The deal features an upfront payment of US$7 million and potential milestone payments based on project progress. CEO Vern Baker expressed satisfaction with the transaction, highlighting expected future equity gains from Metalla. Additionally, Jaguar anticipates US$5 million in cash from Avanco as part of a prior agreement.
Jaguar Mining Inc. reported strong financial results for FY 2020, with net income reaching $72.3 million, or $1.00 per share. This marks a significant improvement from a net loss in FY 2019. Revenue surged 65% year-over-year to $160.2 million, driven by a 23% increase in gold production to 91,118 ounces and a higher average gold price of $1,745/oz. Consolidated Operating Cash Costs dropped to $647/oz, while All-In Sustaining Costs fell to $1,044/oz. The board declared a quarterly dividend of C$0.08 per share. Operating cash flow also improved to $78.7 million, with a strong treasury of $38.9 million at year-end.
Jaguar Mining Inc. has announced its upgrade to the OTCQX Best Market from the Pink market, starting trading today under the symbol JAGGF. This upgrade allows Jaguar to meet high financial standards and adhere to best practices in corporate governance. CFO Hashim Ahmed expressed enthusiasm about the milestone, highlighting enhanced liquidity and attracting U.S. investors. The company operates two gold mining complexes in Brazil with significant exploration potential covering 102,000 hectares.
Jaguar Mining announced significant discoveries at the Corrego Brandão and Zona Basal targets in the Iron Quadrangle, with early drilling results showing promising oxide and sulphide mineralization. Key findings include:
- Corrego Brandão: 7.91 g/t Au over 20.10m oxide intercept and 3.11 g/t Au over 6.45m sulphide intercept.
- Zona Basal: 2.39 g/t Au over 20.45m oxide and 1.30 g/t Au over 11.60m sulphide intercept.
The discoveries are located near existing mine infrastructure, which may lead to near-term resource additions and support organic growth in production.
Jaguar Mining Inc. (JAGGF) reported a strong Q3 2020, with a 355% increase in gross profit to $25.8M and a 25% rise in gold production to 24,094 ounces. The company achieved a 27% decrease in all-in sustaining costs (AISC) to $1,011/oz, alongside a free cash flow of $14.9M. A quarterly dividend of C$0.08 per share was announced. Despite the challenges posed by COVID-19, Jaguar's operations remained resilient, and cash reserves grew to $39M from $30.2M in the previous quarter.
Jaguar Mining has reported a strong performance for Q3 2020, achieving a 25% increase in gold production, totaling 24,093 ounces compared to 19,324 ounces in Q3 2019. Both the Pilar and Turmalina mines contributed significantly, with Pilar producing 13,724 ounces and Turmalina 10,370 ounces. The company also enhanced its exploration efforts, increasing drilling by 130%. Financially, Jaguar's cash position improved to $39 million, while it paid down debts and distributed dividends.
Jaguar Mining Inc. (TSX:JAG) has filed articles for a consolidation of its outstanding common shares, effective August 27, 2020, at a ratio of 1 post-Consolidation Share for every 10 pre-Consolidation Shares. This consolidation will reduce the outstanding shares from approximately 723 million to about 72 million. Additionally, the company declared a quarterly cash dividend of C$0.08 per Share, with record and payable dates set for September 3 and 17, 2020, respectively. The board will review future dividends quarterly based on financial conditions.
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