Welcome to our dedicated page for Jaguar Mng news (Ticker: JAGGF), a resource for investors and traders seeking the latest updates and insights on Jaguar Mng stock.
Jaguar Mining Inc. (JAGGF) generates frequent news and disclosures related to its gold mining, development, and exploration activities in Brazil’s Iron Quadrangle. As a Canadian-listed junior gold company with three mining complexes and a large land package, its updates often focus on operating performance, mine development, remediation work, and exploration programs.
Recent news releases highlight operating results from the Pilar mine at the Caeté complex, which Jaguar identifies as a principal producing asset. These updates include information on tonnes milled, head grades, recoveries, and development and drilling meters, as well as commentary on how Pilar’s performance supports the company’s broader portfolio.
Another major theme in Jaguar’s news flow is the status of the MTL complex and the Turmalina mine. The company has reported on the temporary suspension of operations following a slump at the Satinoco dry-stacked pile, the execution of a multi-stage resumption and remediation plan, and regulatory milestones such as a partial lifting of interdiction orders and an ANM decision lifting the restriction on operations at the MTL complex. These announcements describe technical remediation steps, safety factors, and the regulatory process toward a restart, subject to environmental clearance.
Jaguar’s news also covers exploration initiatives, including a directional diamond drilling program at the Pilar mine targeting down-plunge extensions of high-grade zones, and drilling at the Chamé target near the Santa Isabel mine within the Paciência complex. Capital markets updates, such as the closing of a bought deal private placement intended to fund the Turmalina restart and exploration, are also reported.
Investors and followers of JAGGF can use this news stream to monitor operational performance at Pilar, progress on the MTL complex resumption, exploration results in the Iron Quadrangle, and financing activities that support Jaguar’s projects.
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.
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.
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.
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.