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) is a Canadian-listed gold producer focused on sustainable operations in Brazil's Iron Quadrangle region. This page provides authorized updates directly from the company and verified third-party sources.
Access consolidated earnings reports, operational updates, and exploration developments in one location. Track announcements regarding resource expansion, safety initiatives, and leadership changes affecting JAGGF's market position.
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Bookmark this page or check regularly for essential updates about Jaguar Mining's activities, including drilling results, community engagement efforts, and liquidity management decisions critical to assessing company performance.
Jaguar Mining (TSX:JAG) has successfully negotiated a settlement for an environmental fine with the State of Minas Gerais, Brazil, reducing the liability from BRL320 million to BRL59.99 million (approximately USD 10.9M), representing an 81.3% reduction.
The settlement terms include BRL24.5 million allocated to socio-environmental projects and BRL35.49 million to be paid in 60 monthly installments, with a 12-month grace period. The fine stemmed from a partial slide at the Satinoco dry stacking pile reported in December 2024, which affected a total area of 9.83 hectares.
The significant reduction was justified by limited environmental impact, absence of casualties, and Jaguar's proactive response including swift implementation of an Emergency Action Plan and commitment to environmental restoration.
Jaguar Mining (TSX:JAG) reported Q2 2025 operating results with consolidated gold production of 10,973 ounces, down from 17,244 ounces in Q2 2024. The decrease was primarily due to the temporary suspension of Turmalina mine operations following an incident at the Satinoco dry-stacked facility.
The Pilar mine demonstrated strong performance, producing 10,731 ounces from 92,846 tonnes at an improved grade of 4.04 g/t and 89% recovery. Development at Pilar advanced by 1,488 meters, a 34% improvement year-over-year. The company's cash position strengthened to $48.3 million as of June 30, 2025, supported by favorable gold prices averaging $3,264 per ounce.
Jaguar outlined a comprehensive plan to restart the MTL complex, targeting resumption in Q1 2026. The plan includes facility stabilization, regulatory approvals, and operational readiness measures, with a new tailings disposal area being prepared in the Faina open pit.
Jaguar Mining reported Q1 2025 production of 9,923 gold ounces, down from 16,177 ounces in Q1 2024, due to the suspension of Turmalina mine following a slump at its Satinoco dry-stack facility. The Pilar mine showed strong performance with a 6% production increase to 9,923 ounces from 86,645 tonnes at 3.99 g/t with 89% recovery.
Development at Pilar reached 1,292 meters (+71% YoY) with ongoing work in the BA zone. Diamond drilling increased to 5,439 metres from 3,270 metres in Q1 2024. The company's cash position decreased to $40.3 million from $46.3 million in December 2024, impacted by the Satinoco incident, though benefiting from higher gold prices averaging $2,800 per ounce.
Work has begun at the Santa Isabel mine with expected production in Q3 2025, while development of the Onças de Pitangui project is planned for 2026.
Jaguar Mining (TSX:JAG, OTCQX:JAGGF) has announced significant growth in its mineral reserves and resources for 2024. The company reported a 63% increase in Proven and Probable Mineral Reserves to 764,000 ounces (5,903 kt @ 4.03 g/t Au), net of mining depletion.
Key highlights include the first Mineral Reserves at Onças de Pitangui project of 284,000 ounces, a 16% increase in Faina zone reserves to 160,000 ounces, and stable Measured and Indicated Resources at 1,659,000 ounces. The company's Inferred Mineral Resources grew to 1,676,000 ounces, demonstrating strong growth potential.
The Life of Mine plans show five years of production at Pilar starting in 2025, while the MTL complex, including Onças de Pitangui, projects gold production beyond 2030. However, operations at the Turmalina mine are currently suspended due to an incident at the MTL Complex.
Jaguar Mining reported its Q4 and full-year 2024 financial results, significantly impacted by a December 7 incident at its MTL complex that suspended Turmalina mine operations. Q4 gold production was 14,786 ounces with 16,043 ounces sold at $1,106 cash operating costs per ounce. Full-year production reached 64,704 ounces with 66,483 ounces sold.
Financial highlights include Q4 revenue of $42.4M and full-year revenue of $158.6M, up 18% and 16% year-over-year respectively. The company reported a Q4 net loss of $19.9M and full-year net loss of $1.3M. Excluding the $26.3M in MTL incident expenses, adjusted Q4 net income was $6.4M.
The company ended 2024 with $46.4M in cash, up $24.3M from 2023, benefiting from strong gold prices averaging $2,641 per ounce in Q4 and $2,386 for the full year. Free cash flow was $9.7M for Q4 and $33.3M for 2024.
Jaguar Mining (TSX:JAG, OTCQX:JAGGF) has signed a compensation agreement with the Public Defender's Office of Minas Gerais for community members affected by the December 7, 2024 incident at the Satinoco dry-stacked pile in Brazil. The incident, which occurred at the currently suspended Turmalina mine within the MTL complex, affected several houses and local infrastructure in Casquilho community, though no injuries or significant environmental impacts were reported.
The agreement establishes compensation parameters for impacted individuals and families who have been relocated since December 2024. Compensation covers:
- Land and housing
- Home improvements
- Relocation expenses
- Commercial and service activity losses
- Income-generating activity interruption
- Moral and material damages
The estimated total compensation cost is approximately R$57 million (~$10 million). Affected residents can either accept the terms through the Public Defender's Office or reject them and pursue legal action. The company views this agreement as a positive step toward reopening the Turmalina mine.
Jaguar Mining (TSX:JAG) has announced an upcoming investor breakfast presentation scheduled for Tuesday, March 4, 2025, at 8:00 AM ET. The event will be held at the Ventum Capital Boardroom in Brookfield Place, Toronto, featuring CEO Vernon Baker delivering a corporate update followed by a Q&A session.
The presentation will take place in the historic Iron Quadrangle region, an area with a rich mineral exploration history dating back to the 16th century. This region is known for world-class multi-million-ounce gold deposits including Morro Velho, Cuiabá, and São Bento. Notably, Jaguar holds the second-largest gold land position in the Iron Quadrangle, spanning over 41,000 hectares.
Interested investors must register by Thursday, February 27, 2020, 5:00 PM ET, with space being and allocated on a first-response basis.
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