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. 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. 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.
Jaguar Mining Inc. (JAGGF) reported a strong Q3 2020, with a 355% increase in gross profit to $25.8M and a 25% rise in gold production to 24,094 ounces. The company achieved a 27% decrease in all-in sustaining costs (AISC) to $1,011/oz, alongside a free cash flow of $14.9M. A quarterly dividend of C$0.08 per share was announced. Despite the challenges posed by COVID-19, Jaguar's operations remained resilient, and cash reserves grew to $39M from $30.2M in the previous quarter.
Jaguar Mining has reported a strong performance for Q3 2020, achieving a 25% increase in gold production, totaling 24,093 ounces compared to 19,324 ounces in Q3 2019. Both the Pilar and Turmalina mines contributed significantly, with Pilar producing 13,724 ounces and Turmalina 10,370 ounces. The company also enhanced its exploration efforts, increasing drilling by 130%. Financially, Jaguar's cash position improved to $39 million, while it paid down debts and distributed dividends.
Jaguar Mining Inc. (TSX:JAG) has filed articles for a consolidation of its outstanding common shares, effective August 27, 2020, at a ratio of 1 post-Consolidation Share for every 10 pre-Consolidation Shares. This consolidation will reduce the outstanding shares from approximately 723 million to about 72 million. Additionally, the company declared a quarterly cash dividend of C$0.08 per Share, with record and payable dates set for September 3 and 17, 2020, respectively. The board will review future dividends quarterly based on financial conditions.
Jaguar Mining Inc. has signed an option agreement with IAMGOLD Corporation for 28 exploration tenements in Brazil's Iron Quadrangle, covering 27,141.75 hectares. Jaguar can earn a 60% interest by investing $6 million in exploration over four years, with an annual minimum of $500,000 and 5,000 meters of diamond drilling. The agreement allows for a 60:40 joint venture post-vesting. This deal expands Jaguar's footprint and enhances exploration potential in a historically rich area for gold deposits.
Jaguar Mining announced a quarterly cash dividend of C$0.08 per common share, payable after a share consolidation of 1 for 10. This consolidation is set to enhance financial visibility and attract new investors. The dividend reflects the company's confidence in future operations and financial performance. The effective date for trading on a post-consolidation basis is anticipated around August 27, 2020. The board will review cash flow and market conditions quarterly for future dividends. The consolidation aims to increase trading liquidity and reduce transaction costs.