on Jaguar Mining, Inc. (CVE:JAG)
Jaguar Mining Highlights Resilient Q2 2025 Performance Amid Strategic Shifts
Jaguar Mining Inc., based in Toronto, reported its Q2 2025 operational outcomes, showing resilience and strategic focus amid setbacks. The company produced 10,973 ounces of gold, a shift from Q2 2024's 17,244 ounces due to halted operations at the Turmalina mine following a regulatory incident. Pilar mine's output drove Q2 results, delivering 10,731 ounces, reflecting progress in efficiency and strategic development.
Pilar saw improvements in grade and recovery rates, contributing to Jaguar's robust cash position of $48.3 million as of June 30, 2025, up from previous quarters. The results were bolstered by favorable gold prices averaging $3,264 per ounce.
Simultaneously, Jaguar progresses on a comprehensive plan to safely resume operations at the MTL complex, focused on stability, regulatory compliance, and infrastructure readiness. They estimate operations could restart in the first quarter of 2026.
R. E.
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