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Jaguar Mining Inc T.JAG

Alternate Symbol(s):  JAGGF

Jaguar Mining Inc. is a Canada-based junior gold mining, development, and exploration company. The Company is operating in Brazil with three gold mining complexes, and a land package with upside exploration potential from mineral claims covering an area of approximately 65,000 hectares. The Company’s principal operating assets are located in the Iron Quadrangle, a greenstone belt in the state of Minas Gerais, and include the Turmalina Gold Mine Complex and Caete Gold Mine Complex (Pilar and Roca Grande mines, and Caete Plant). The Company also owns the Paciencia Gold Mine Complex, which is located approximately 80 kilometers southwest of Belo Horizonte. Its operations are located in the Iron Quadrangle, a prolific greenstone belt near the city of Belo Horizonte in the state of Minas Gerais, Brazil. The Company's Brazilian assets and operations are held by its subsidiary, Mineracao Serras do Oeste Ltda. (MSOL). Its projects also include the Pitangui Project and the Acurui Project.


TSX:JAG - Post by User

Comment by Sutteron Jun 23, 2021 11:14am
241 Views
Post# 33434286

RE:Drill results

RE:Drill resultsFill the mills strategy is early days, but the results at Corrego and earlier at Zona and Faina are pointing to success.  At both Corrego and Zona it is easy to see 100,000 ounces of open pitable oxide that JAG will be able to feed through the mills.  If JAG mined each open pit at 20,000 ounces per year for the next five years, it would take JAG up to 140,000 ounces annually, but more important, it would add mining flexibility and thereby lowering JAG's operating risk profile. It is not that big of a stretch to see JAG reach 200,000 oz/yr organically. Pacientia / IAMGOLD JV is still out there.   In a lot of ways, JAG remains an exploration story with production and a dividend. 
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