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) 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.
Jaguar Mining Inc. (TSX:JAG) has launched a 6,000m reverse-circulation drilling campaign at the Zona Basal Target near the Turmalina Gold Mine in Brazil. This exploration aims to define a shallow oxide maiden mineral resource, covering an area of 1,000m by 200m and a depth of 30-50m, guided by previous soil anomalies and drill intersections. The program involves 120 holes, expected to take three months for drilling, with assay results anticipated by year-end 2021 and resource estimation in late Q1-2022. The initiative is seen as a key step in enhancing resources and operational efficiency.
Jaguar Mining has reported successful metallurgical testwork at its Faina project, achieving over 85% gold recovery through a combination of gravity concentration and flotation. The Faina resource contains 261,000 tonnes at 6.87 g/t Au, totaling 58,000 oz Au, with inferred resources at 1.5 million tonnes at 7.26 g/t Au, totaling 360,000 oz Au. These results support conceptual mining studies aimed at integrating Faina into the nearby Turmalina Mine operations, enhancing production capacity and extending mine life.
Jaguar Mining Inc. has appointed Mary-Lynn Oke as a director and chair of the Audit & Risk Committee, effective August 30, 2021. With over 20 years of experience in tax, finance, corporate roles, and senior leadership, Ms. Oke's background includes serving as Vice President and CFO at Hudbay Minerals Inc. Her expertise spans financial reporting, acquisitions, tax, treasury, and capital structuring. Chairman Jeff Kennedy expressed confidence in her qualifications for this critical role, signaling a strong leadership addition to enhance company governance.
Jaguar Mining Inc. has announced significant progress in its exploration efforts within the Iron Quadrangle region, reporting new high-potential gold trends over a 50km strike length. This update includes six priority drill targets for a 4,000m diamond drilling campaign set to start in September 2021. The exploration revealed widespread gold-in-soil anomalies, with rock chip samples showing grades up to 11.76 g/t Au. Jaguar aims to increase its stake in the project through a joint venture with IAMGOLD Corporation by investing US$6M over four years.
Jaguar Mining announced its Q2 2021 financial results, reporting a 15% decline in revenue to $36.3 million, primarily due to a 19% drop in gold sales. Operating costs rose 19% to $17.4 million, driven by inflation and pandemic-related adjustments. Net income fell sharply to $2.9 million from $19.2 million in Q2 2020. The company declared a quarterly dividend of C$0.04 per share, set for August 30. Despite challenges, Jaguar aims to ramp up production and mitigate inflation impacts in the second half of 2021.
Jaguar Mining Inc. reported a 11% increase in consolidated gold production to 20,212 ounces for Q2 2021, despite challenges posed by the COVID-19 pandemic. The company's operational recovery is progressing, with a notable decrease in infection impacts and increased vaccination rates among staff. While production is on the rise, it still reflects a 14% decrease from Q2 2020. The strong balance sheet shows cash reserves of $34.7 million, although production challenges remain, particularly at the Turmalina mine. Financial results are expected on or before August 15, 2021.
Jaguar Mining has announced significant findings from its Corrego Brandão project in Minas Gerais, Brazil, with drilling results revealing a sulphide mineralized zone grading 11.25gt Au over 3.8m and a broader zone of 4.63gt Au over 12.45m. So far, 38 drill holes have been completed, defining a mineralized trend extending 500m along strike. VP Exploration Jon Hill noted positive results that may lead to higher-grade mineralization. CEO Vern Baker highlighted accelerated exploration efforts in the Iron Quadrangle region, supporting the company’s organic growth objectives.