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Jaguar Mining Inc T.JAG

Alternate Symbol(s):  JAGGF

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

Bullboard Posts
Comment by sebrazon Nov 22, 2020 2:07pm
184 Views
Post# 31949169

RE:RE:RE:RE:Buy Back

RE:RE:RE:RE:Buy Backthey have 400k Measured + Indicated resources at Faina ( near Turmalina) that is just waiting to be drilled and produced.

Issue is, initially they thought the resource would have low recovery due to refractory characteristics, but as gold price is higher they might be more willing to use more advanced tech to increase recovery. Hopefully will have news released very soon on this.

Will be immediately accretive as Turmalina mine is only producing around 55% capacity.
Bullboard Posts