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

Bullboard Posts

Post by haunsoloon Oct 13, 2020 5:36pm

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Post# 31709445

Thoughts on the release?

Strange kinda large drop today on the US side. Canada looked flat though.

They grew cash by $9, so ~33% increase in cash balance to $39 million. Very large treasury.

Clearly they spent quite a bit on Capex for exploration and drilling.

I believe we'll see a lot of that show up in this last quarter to get to the 100k oz. / year target and fill that 50-60% used mill.

I was expecting a slightly higher cash balance here, so that means a lot went to Capex, but curious other people's interpretations.

Thanks!

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario