Jaguar Mining Inc. Receives Federal Authorization to Begin Preparatory Work at Turmalina Mine
Jaguar Mining (TSX:JAG) has received federal authorization from Brazil's National Mining Agency (ANM) to begin essential preparatory work at its Turmalina mine, which has been suspended since December 2024 due to an incident at the Satinoco dry-stacked pile.
The authorization allows for developing a secondary access route for the Faina and C-8 orebodies and modifying the ventilation system. This federal approval complements a recently issued municipal permit valid for three months. The company is also finalizing a Term of Agreement with the Public Prosecutor's Office, including an independent safety audit and settlement payment.
While full mining operations remain restricted, work began on August 9, 2025, with production restart expected in Q1 2026. The company holds the second-largest gold position in Brazil's Iron Quadrangle with over 45,000 hectares.
Jaguar Mining (TSX:JAG) ha ottenuto l'autorizzazione federale dall'Agenzia Nazionale delle Miniere brasiliana (ANM) per avviare i lavori preparatori essenziali presso la sua miniera Turmalina, sospesa dal dicembre 2024 a seguito di un incidente alla pila secca Satinoco.
L'autorizzazione consente la realizzazione di un accesso secondario ai corpi minerari Faina e C-8 e la modifica del sistema di ventilazione. Questo nulla osta federale integra un permesso comunale recentemente rilasciato e valido per tre mesi. La società sta inoltre definendo un accordo con la Procura, che prevede un audit di sicurezza indipendente e il pagamento di una somma transattiva.
Pur rimanendo limitate le operazioni minerarie complete, i lavori sono iniziati il 9 agosto 2025 e il riavvio della produzione è previsto nel primo trimestre 2026. L'azienda detiene la seconda maggiore posizione aurifera nel Quadrilátero Ferrífero brasiliano, con oltre 45.000 ettari.
Jaguar Mining (TSX:JAG) ha recibido la autorización federal de la Agencia Nacional de Minería de Brasil (ANM) para iniciar trabajos preparatorios esenciales en su mina Turmalina, suspendida desde diciembre de 2024 por un incidente en la pila seca Satinoco.
La autorización permite desarrollar una vía de acceso secundaria a los yacimientos Faina y C-8 y modificar el sistema de ventilación. Esta aprobación federal complementa un permiso municipal recién emitido, válido por tres meses. La compañía también está cerrando un acuerdo con la Fiscalía, que incluye una auditoría de seguridad independiente y el pago de una compensación.
Aunque las operaciones mineras completas siguen restringidas, los trabajos comenzaron el 9 de agosto de 2025 y se espera que la producción se reinicie en el primer trimestre de 2026. La empresa posee la segunda mayor posición aurífera en el Quadrilátero Ferrífero de Brasil, con más de 45.000 hectáreas.
Jaguar Mining (TSX:JAG)은 브라질 국가광업청(ANM)으로부터 필수 준비 작업을 시작할 연방 승인을 받았습니다. 해당 작업은 투르말리나 광산에서 진행되며, 이 광산은 2024년 12월 Satinoco 드라이스택 더미 사고로 가동이 중단된 상태였습니다.
이번 승인은 Faina 및 C-8 광체로 가는 보조 진입로를 개발하고 환기 시스템을 변경하는 것을 허용합니다. 이 연방 승인권은 최근 발급되어 3개월간 유효한 지방 허가를 보완합니다. 회사는 또한 검찰과의 합의서를 마무리하고 있으며, 여기에는 독립적인 안전 감사와 합의금 지급이 포함됩니다.
전체 채굴 작업은 여전히 제한된 상태이나 작업은 2025년 8월 9일에 시작되었으며 생산 재개는 2026년 1분기 예정입니다. 회사는 45,000헥타르가 넘는 면적으로 브라질 아이언 쿼드랭글(Quadrilátero Ferrífero)에서 두 번째로 큰 금 보유 지역을 보유하고 있습니다.
Jaguar Mining (TSX:JAG) a reçu l'autorisation fédérale de l'Agence nationale des mines du Brésil (ANM) pour lancer des travaux préparatoires essentiels sur sa mine Turmalina, suspendue depuis décembre 2024 suite à un incident sur la pile sèche Satinoco.
Cette autorisation permet d'aménager un accès secondaire aux gisements Faina et C-8 et de modifier le système de ventilation. Cette approbation fédérale complète un permis municipal récemment délivré et valable trois mois. La société finalise également un accord avec le ministère public, incluant un audit de sécurité indépendant et le versement d'une indemnité.
Alors que les opérations minières complètes restent restreintes, les travaux ont démarré le 9 août 2025 et la reprise de la production est attendue au 1er trimestre 2026. La société détient la deuxième plus importante position aurifère du Quadrilátero Ferrífero, avec plus de 45 000 hectares.
Jaguar Mining (TSX:JAG) hat von der brasilianischen Nationalen Bergbauagentur (ANM) die bundesstaatliche Genehmigung erhalten, mit wichtigen Vorbereitungsarbeiten an seiner Turmalina-Mine zu beginnen. Die Mine ist seit Dezember 2024 aufgrund eines Vorfalls am Satinoco Dry-Stack stillgelegt.
Die Erlaubnis umfasst den Ausbau eines Neben-Zugangs zu den Lagerstätten Faina und C-8 sowie Änderungen an der Belüftungsanlage. Diese bundesstaatliche Genehmigung ergänzt eine kürzlich erteilte kommunale Bewilligung, die für drei Monate gilt. Das Unternehmen finalisiert außerdem eine Vereinbarung mit der Staatsanwaltschaft, die eine unabhängige Sicherheitsprüfung und eine Vergleichszahlung vorsieht.
Obwohl der volle Bergbaubetrieb weiterhin eingeschränkt bleibt, begannen die Arbeiten am 9. August 2025; der Produktionsstart wird für das erste Quartal 2026 erwartet. Mit über 45.000 Hektar hält das Unternehmen die zweitgrößte Goldposition im brasilianischen Iron Quadrangle.
- Received federal authorization to begin preparatory work at Turmalina mine
- Obtained municipal permit (Alvará) supporting the work plan
- Progress toward finalizing Term of Agreement with Public Prosecutor's Office
- Clear timeline for production restart in Q1 2026
- Strong land position in the Iron Quadrangle with over 45,000 hectares
- Mine operations remain suspended since December 2024
- Full mining activities still not permitted
- Required payment to settle public civil lawsuit
- Independent technical audit needed to confirm safety
TORONTO, ON / ACCESS Newswire / August 11, 2025 / Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG) is pleased to announce it has received authorization from the National Mining Agency of Brazil (ANM) to proceed with essential preparatory work at its Turmalina mine. Operations at the mine have been temporarily suspended since December 2024 following an incident at the Satinoco dry-stacked pile.
While the authorized activities do not directly address the stability of the pile, they are essential to fulfilling all safety prerequisites required for the phased restart of production. This work includes development of a secondary access route for the Faina and C-8 orebodies, along with key modifications to the mine's ventilation system. Implementation of these began on August 9, 2025.
This federal approval follows the recent issuance of a municipal permit (Alvará) by the Municipality of Conceição do Pará, which also allows the Company to begin preparatory work ahead of the anticipated restart of operations. The municipal permit is valid for three months and may be renewed for an additional three months, supporting the ongoing work plan.
In parallel, the Company is also finalizing a Term of Agreement with the Public Prosecutor's Office, which includes an independent technical audit to confirm safety at Turmalina, as well as a payment to settle the only remaining public civil lawsuit related to the Satinoco incident of which the Company is aware.
Although full mining activities are not permitted yet, these regulatory milestones mark meaningful progress toward restarting operations at Turmalina and reflect the Company's commitment to operating with the highest standard of regulatory safety, and environmental responsibility.
Work is now underway on the approved activities, with the restart of production still expected to begin in the first quarter of 2026.
Luis Albano Tondo, CEO of Jaguar, commented: "The federal authorization granted by ANM, together with the recent issuance of the municipal Alvará permit, demonstrates a well-coordinated and phased regulatory framework that enables us to initiate essential safety and preparatory work at Turmalina. This is an important milestone in our ongoing, structured process. With the preparatory activities in the mine underway and following the completion and independent confirmation of the Satinoco rehabilitation, we expect ANM will lift the remaining suspensions, allowing for the safe and full resumption of mining operations."
The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration dating back to the 16th century. The discovery in 1699-1701 of gold contaminated with iron and platinum-group metals in the southeastern corner of the Iron Quadrangle gave rise to the name of the town Ouro Preto (Black Gold). The Iron Quadrangle contains world-class multi-million-ounce gold deposits such as Morro Velho, Cuiabá, and São Bento. Jaguar holds the second largest gold land position in the Iron Quadrangle with over 45,000 hectares.
About Jaguar Mining Inc.
Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil with three gold mining complexes and a large land package with significant upside exploration potential from mineral claims. The Company's principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the MTL complex (Turmalina mine and plant) and Caeté complex (Pilar and Roça Grande mines, and Caeté plant). The Roça Grande mine has been on temporary care and maintenance since April 2019. The Company also owns the Paciência complex (Santa Isabel mine and plant), which had been on care and maintenance since 2012 and is planned to restart in 2025. Additional information is available on the Company's website at www.jaguarmining.com.
For further information please contact:
Luis Albano Tondo
Chief Executive Officer
Jaguar Mining Inc.
luis.albano@jaguarmining.com
+55 31-99959-6337
Marina de Freitas
Interim Chief Financial Officer
marina.freitas@jaguarmining.com.br
+55 31-98463-5344
Forward-Looking Statements
Certain statements in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements and information are provided for the purpose of providing information about management's expectations and plans relating to the future. All of the forward-looking information made in this news release is qualified by the cautionary statements below and those made in our other filings with the securities regulators in Canada. Forward-looking information contained in forward-looking statements can be identified by the use of words such as "are expected," "is forecast," "is targeted," "approximately," "plans," "anticipates," "projects," "anticipates," "continue," "estimate," "believe" or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might," or "will" be taken, occur or be achieved. All statements, other than statements of historical fact, may be considered to be or include forward-looking information. This news release contains forward-looking information regarding, among other things, the duration of the temporary suspension of the Company's MTL complex in the wake of the slump at its Satinoco dry tailings pile, the cost and timing of resuming operations at the MTL complex, the Company's ability to advance and complete its plan to resume operations at the MTL complex in accordance with (and as contemplated by) the above, the future stability of the tailings pile in question and safety of the Turmalina mine, the amount, timing and payment terms of any fines imposed on the Company, as well as any costs and damages arising from any civil or criminal lawsuits, resulting from the tailings pile slump, management's expectations regarding potential outcomes of any ongoing legal matters relating to the tailings pile slump, management's expectations regarding the Company's response to the tailings pile slump and the Company's recovery and remediation efforts at the MTL complex, any information and statements related to future operations at any of the Company's properties, including Pilar and Turmalina, any information and statements related to expected growth, sales, production statistics, ore grades, tonnes milled, recovery rates, cash operating costs, definition/delineation drilling, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of projects and new deposits, success of exploration, development and mining activities, currency fluctuations, capital requirements, project studies, mine life extensions, restarting suspended or disrupted operations, continuous improvement initiatives, and resolution of pending litigation. The Company has made numerous assumptions with respect to forward-looking information contained herein, including, among other things, assumptions about the future and long-term stability of the Satinoco tailings pile; there will be no unforeseen adverse weather events or other external factors that could delay the Company's recovery or remediation efforts; the current assumptions regarding the extent of the damage and timeline for repairs at the MTL complex remain accurate and will not require significant revision as further assessments are completed; the estimated timeline for recommencing operations at the MTL complex; the estimated timeline for the development of the Company's mineral properties; the supply and demand for, and the level and volatility of the price of, gold; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; the receipt of necessary permits; market competition; ongoing relations with employees and impacted communities; political and legal developments in any jurisdiction in which the Company operates being consistent with its current expectations including, without limitation, the impact of any potential power rationing, tailings facility regulation, exploration and mine operating licenses and permits being obtained and renewed and/or there being adverse amendments to mining or other laws in Brazil and any changes to general business and economic conditions. Forward-looking information involves a number of known and unknown risks and uncertainties, including among others: the risk of Jaguar not meeting the timelines and achieving the milestones outlined above regarding the Company's current plan and process for resuming operations at the MTL complex, the risk of Jaguar not meeting the forecast plans regarding its operations and financial performance; uncertainties with respect to the price of gold, labour disruptions, mechanical failures, increase in costs, environmental compliance and change in environmental legislation and regulation, weather delays and increased costs or production delays due to natural disasters, power disruptions, procurement and delivery of parts and supplies to the operations; uncertainties inherent to capital markets in general (including the sometimes volatile valuation of securities and an uncertain ability to raise new capital) and other risks inherent to the gold exploration, development and production industry, which, if incorrect, may cause actual results to differ materially from those anticipated by the Company and described herein. In addition, there are risks and hazards associated with the business of gold exploration, development, mining and production, including environmental hazards, tailings dam failures, industrial accidents and workplace safety problems, unusual or unexpected geological formations, pressures, cave-ins, flooding, chemical spills, procurement fraud and gold bullion thefts and losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). Accordingly, readers should not place undue reliance on forward-looking information.
For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Annual Information Form and Management's Discussion and Analysis, as well as other public disclosure documents that can be accessed under the issuer profile of "Jaguar Mining Inc." on SEDAR+ at www.sedarplus.com. The forward-looking information set forth herein reflects the Company's reasonable expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
SOURCE: Jaguar Mining, Inc.
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