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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

Comment by Sutteron Aug 04, 2022 2:15pm
283 Views
Post# 34871716

RE:Insider buying and Jag share purchases

RE:Insider buying and Jag share purchasesMy take is they will cut the dividend @sub $1800 gold.  They should cut it or at least lower it to 1 cent per quarter until they get Faina up and going.  There is capital to spend on that project and the balance sheet sub $30 million cash will not be worth the trade off of keeping the dividend, imo.   I can see Jag consolidating assets in this environment that will set the company up nicely.  Perhaps they can buy a mill that processes sulphide ore that will speed up the commencement of production from Faina.  Anglogold has mills that treat sulphide ore that Jag was talking about sending a concentrate to.  Perhaps Anglo will just sell it to them for shares and some cash.   That would change the story quite a bit.  The bottom line is we have yet to see the best Jag can offer.  Believe 150,000 producer is sustainable and reasonable with Faina up and going and a dividend of .32/.40 cents.  
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