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.
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Jaguar Mining Inc. (TSX:JAG) reported a 9% increase in consolidated gold production for Q1 2023, reaching 18,155 ounces compared to 16,663 ounces in Q1 2022. The company milled 206,000 tonnes, a rise from 184,000 tonnes in the same quarter last year. Gold production from the Pilar mine rose by 9% to 9,897 ounces, and Turmalina mine production also grew by 9% to 8,258 ounces. Development drilling increased by 10% to 2,880 metres, while exploration drilling fell by 63% to 9,655 metres. Cash at the end of the quarter stood at $25.8 million, up from $25.2 million at year-end. The guidance for gold production remains between 84,000 to 88,000 ounces with an AISC of $1,275 to $1,375 per ounce.