Jaguar Mining Inc T.JAG

Alternate Symbol(s): JAGGF

Metals & Mining Gold

Jaguar Mining Inc. is a Canadian junior gold mining, development, and exploration company. It operates in Brazil with three gold mining complexes and a large land package with significant upside exploration potential from mineral claims. The Company's principal operating assets are in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caete Mining Complex (Pilar and Roca Grande Mines, and Caete Plant). It also owns the Paciencia Gold Mine Complex. Caete Complex is located 50 kilometers east of the city of Belo Horizonte and includes the Pilar gold mine, the Caete processing plant and the Roca Grande gold mine. Its Faina project is a new underground orebody located just west of the Company’s Turmalina mine within the MTL Complex. The Paciencia complex includes two underground gold mines, Santa Isabel and Margazao, and a processing plant located within 9,000 hectares of contiguous permitted mining tenements.

TSX:JAG - Post by User

Jaguar Mining Inc

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Post by MJLion Dec 30, 2011 9:16am

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Post# 19359035

Eldorado Target after Acquisition of JAG

Source: Mergermarket.com 12/28/2011

Eldorado Gold (TSE: ELD) may become an attractive target following its planned acquisition of European Goldfields for CAD 2.5bn (USD 2.4bn), said two sources familiar with the transaction and two industry bankers.

The deal will make Vancouver, British Columbia-based Eldorado a “gold mining powerhouse in Greece” and it will start seeing serious acquisition interest as its mines move closer to production, the first industry banker said.

[...]

With Eldorado’s goal to produce about 1.5m ounces of gold annually in 2015, it will “certainly get on the radars” of gold majors globally over the next two to three years, the second industry banker said.

Logical suitors would be mining majors like Newmont Mining or Barrick Gold, the first source said. A major with a focus in base metals like BHP Billiton or Freeport-McMoran could also find Eldorado attractive in order to expand its footprint in the gold sector, the source added.