on Jaguar Mining, Inc. (isin : CA47009M8896)

Jaguar Mining Reports Second Quarter 2024 Production Results

Jaguar Mining Inc. (TSX:JAG) has announced preliminary production results for Q2 2024. Full financial results will be reported on August 8, 2024. Consolidated gold production reached 17,244 ounces, marking a 7% increase from Q1 2024 and a 3% increase from Q2 2023. This includes 414 ounces from the new Faina project.

170,150 tonnes were processed at an average grade of 3.59 g/t. Development efforts included 1,273 meters of primary and 1,130 meters of secondary development. Exploration work reached 679 meters, all related to the Faina project.

Jaguar's cash position grew by 42% to $37.4 million by June 30, 2024, driven by higher gold prices and strong margins.

CEO Vern Baker expressed satisfaction with the operational results and highlighted the successful start at Faina and ongoing development at the BA-Torre structure at the Pilar mine.

R. H.

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