Toronto, April 10, 2024 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) today announced preliminary production results for the first quarter of 2024. Full financial results for the quarter will be reported and
filed on SEDAR+ on May 8, 2024. All figures are in US Dollars, unless otherwise expressed.
First Quarter Operating Highlights
• Consolidated gold production was 16,177 ounces, compared to 18,155 ounces produced in the first quarter of 2023. First quarter production excludes approximately 450 ounces from Pilar and approximately 200 ounces from Turmalina, mined but in process on March 31, 2024.
• Consolidated tonnage processed was 191,307 tonnes at 3.03 g/t compared to 206,000 tonnes at 3.17 g/t in the first quarter of 2023.
• During the quarter, the Company completed primary development of 929 metres, secondary development of 1,050 metres, and exploration development of 510 metres; totalling 2,489 metres compared to the first quarter of 2023 where development totalled 2,880 metres.
• Diamond drilling completed during the quarter was 8,409 metres compared to the first quarter of 2023 drilling of 9,655 metres.
• The Company’s cash position as at March 31, 2024 was $26.4 million compared to cash of $22.0 million as at December 31, 2023. The increase includes the collection of a $4.0 million receivable. see & read more on
https://jaguarmining.com/site/assets/files/2782/2024-04-10-jag-nr.pdf