Jaguar Mining Inc. reports news on its gold mining, development, and exploration business in Brazil, with principal assets in the Iron Quadrangle of Minas Gerais. Company updates commonly cover operating results, gold production, sales, costs, and mine activity at the MTL Complex, including the Turmalina mine and plant, and the Caeté Complex, including the Pilar and Roça Grande mines and Caeté plant.
Recurring developments also include mineral resource and reserve updates, exploration drilling at Pilar and other Brazilian targets, technical disclosure under NI 43-101, and regulatory matters tied to mine operations, tailings management, safety, and environmental approvals. News may also address care-and-maintenance assets such as Roça Grande and the Paciência Complex, along with corporate presentations and strategy updates.
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.
Jaguar Mining Inc. (TSX:JAG) announced a 4% increase in consolidated gold production for Q2 2022, achieving 21,036 ounces compared to 20,212 ounces in Q2 2021. Pilar mine production rose 14% while Turmalina saw a 9% decline. Development metrics improved, with a 25% increase in total development meters and a 64% increase in drilling. The company's cash position dropped to $30.5 million from $34.8 million. CEO Vern Baker expressed satisfaction with operational progress despite challenges at Turmalina.
Jaguar Mining Inc. announces acceptance of its normal course issuer bid by the Toronto Stock Exchange to repurchase up to 3,623,640 common shares, approximately 5% of its outstanding shares. The bid will begin on June 15, 2022, and end on June 14, 2023. Management will determine share purchases based on market conditions, with a daily limit of 22,395 shares. The aim is to enhance long-term shareholder value and mitigate potential dilution from future share issuances.
Jaguar Mining Inc. reported the results from its annual general meeting held on June 3, 2022. All nominees for the board of directors were successfully elected, with votes for ranging from 93.38% to 99.755%. The appointment of auditors was approved with 99.325% of votes in favor. Additionally, the company's stock option plan gained majority approval at 89.267%. Jaguar operates in Brazil, with key assets including the Turmalina and Caeté Mining Complexes. The voting results can be found on Jaguar's profile at www.sedar.com.
Jaguar Mining Inc. (TSX:JAG)(OTCQX:JAGGF) reported its Q1 2022 financial results, revealing a 3% decline in revenue of $30.6 million compared to Q1 2021 due to reduced gold production. Operating costs rose 33% to $19.6 million, driven by inflation across labor and mining materials. The company experienced a net loss of $6 million, a significant decrease from a net income of $6.1 million in Q1 2021. Despite challenges from weather and COVID-19, free cash flow improved to $2.7 million, and a quarterly dividend of C$0.04 was declared.
Jaguar Mining Inc. has filed independent National Instrument 43-101 Technical Reports for the Turmalina and Pilar Gold Mines. These reports validate the company's updated mineral reserves and resources, first announced on March 31, 2022. Jaguar operates three gold mining complexes in Brazil, primarily in the Iron Quadrangle region. The company controls a land package with exploration potential covering approximately 56,000 hectares. The reports are accessible via SEDAR and the company's website.
Jaguar Mining Inc. recently announced its Q1 2022 production results. Gold production declined by 8% to 16,663 ounces compared to 18,160 ounces in Q1 2021. Despite this drop, the average head grade improved to 3.19 g/t. The company noted significant development and exploration efforts, with 2,620 meters of development and 25,771 meters of drilling conducted, a 65% increase year-over-year. Cash reserves stood at $34.8 million, down from $40.3 million at year-end 2021. Jaguar aims to meet its production guidance of 86,000 to 94,000 ounces for the year.
Jaguar Mining Inc. (TSX:JAG, OTCQX:JAGGF) has filed its annual information form for the year ended December 31, 2021. This form includes additional disclosures complementing the financial statements filed on March 21, 2022. The company operates in Brazil with three gold mining complexes and a significant land package of approximately 56,000 hectares. Key assets include the Turmalina and Caeté Gold Mine Complexes, while the Paciência Gold Mine Complex has been inactive since 2012. Further details can be found on the company's website.