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. held its annual general meeting on June 1, 2021, where all nominees for director positions were elected with significant support. William Kennedy received 95.67% approval, while Benjamin Guenther garnered 99.07%. The appointment of auditors was also approved with 99.86% of votes. The company operates in Brazil with key assets in the Iron Quadrangle. For detailed voting results, visit SEDAR.
Jaguar Mining announced Q1 2021 results, highlighting a 3% revenue increase to $31.7 million, fueled by a 20% rise in the average realized gold price to $1,793/oz. However, gold ounces sold dropped 14% to 17,677 due to COVID-19 impacts. Net income fell to $6.1 million, down from $12.3 million in Q1 2020, attributed to higher costs and depreciation. The Board declared a quarterly dividend of C$0.08 per share, consistent with previous quarters. Despite challenges, management expressed optimism for Q2 2021, anticipating a production ramp-up as the pandemic's impact recedes.
Jaguar Mining (OTCQX:JAGGF) reported a 14% decrease in gold production for Q1 2021, producing 18,161 ounces compared to 21,008 ounces in Q1 2020. The decline is attributed to the impact of COVID-19, affecting about 30% of its workforce. Despite challenges, exploration drilling increased by 7% to 15,597 metres, and exploration expenditures rose to $2.5 million. As of March 31, 2021, Jaguar maintained a cash position of $38 million. The company anticipates a gradual recovery in production levels post-pandemic as vaccination rates in Brazil increase.
Jaguar Mining Inc. has successfully finalized the sale of its Net Smelter Return (NSR) royalty related to the CentroGold Project in Brazil to Metalla Royalty & Streaming Ltd. for up to US$18 million. The transaction includes an upfront cash payment of US$7 million, with an additional US$11 million contingent upon the achievement of project milestones. The NSR consists of variable percentages based on gold production levels. This strategic sale allows Jaguar to secure immediate funds and potential future payments as the project develops.
Jaguar Mining Inc. (TSX:JAG)(OTCQX:JAGGF) is enhancing its COVID-19 Response Plan due to increasing pandemic cases in Brazil, particularly in Minas Gerais. The state has declared a curfew, and local hospitals are nearing capacity. Jaguar reported 185 COVID-19 cases among employees, primarily in Q1 2021. Increased measures include appointing a COVID-19 Monitor, limiting contractor access, and requiring high-risk employees to work from home. While production remains within annual guidance, ongoing infections and potential lockdowns may affect output. The company adapts to government protocols as needed.
Jaguar Mining Inc. (TSX:JAG)(OTCQX:JAGGF) announced its addition to the VanEck Vectors Junior Gold Miners ETF (GDXJ) as of market close on March 18, 2021. This inclusion is part of GDXJ's first quarter rebalancing for 2021. Additionally, Jaguar has also been added to the U.S. Global GO GOLD and Precious Metal Miners ETF. The company anticipates further additions to precious metals-related ETFs, which may boost market visibility and liquidity over the next year.
Jaguar Mining Inc. has finalized a Definitive Agreement with Metalla Royalty & Streaming Ltd. to sell its Net Smelter Return (NSR) royalty from gold production at the CentroGold Project in Brazil, valued up to US$18 million. The deal features an upfront payment of US$7 million and potential milestone payments based on project progress. CEO Vern Baker expressed satisfaction with the transaction, highlighting expected future equity gains from Metalla. Additionally, Jaguar anticipates US$5 million in cash from Avanco as part of a prior agreement.
Jaguar Mining Inc. reported strong financial results for FY 2020, with net income reaching $72.3 million, or $1.00 per share. This marks a significant improvement from a net loss in FY 2019. Revenue surged 65% year-over-year to $160.2 million, driven by a 23% increase in gold production to 91,118 ounces and a higher average gold price of $1,745/oz. Consolidated Operating Cash Costs dropped to $647/oz, while All-In Sustaining Costs fell to $1,044/oz. The board declared a quarterly dividend of C$0.08 per share. Operating cash flow also improved to $78.7 million, with a strong treasury of $38.9 million at year-end.
Jaguar Mining Inc. has announced its upgrade to the OTCQX Best Market from the Pink market, starting trading today under the symbol JAGGF. This upgrade allows Jaguar to meet high financial standards and adhere to best practices in corporate governance. CFO Hashim Ahmed expressed enthusiasm about the milestone, highlighting enhanced liquidity and attracting U.S. investors. The company operates two gold mining complexes in Brazil with significant exploration potential covering 102,000 hectares.
Jaguar Mining announced significant discoveries at the Corrego Brandão and Zona Basal targets in the Iron Quadrangle, with early drilling results showing promising oxide and sulphide mineralization. Key findings include:
- Corrego Brandão: 7.91 g/t Au over 20.10m oxide intercept and 3.11 g/t Au over 6.45m sulphide intercept.
- Zona Basal: 2.39 g/t Au over 20.45m oxide and 1.30 g/t Au over 11.60m sulphide intercept.
The discoveries are located near existing mine infrastructure, which may lead to near-term resource additions and support organic growth in production.