Jaguar Mining Inc.
Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil with three gold mining complexes and a large land package with significant 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 (IQ), a prolific greenstone belt near the city of Belo Horizonte in the state of Minas Gerais, Brazil. Belo Horizonte serves as the commercial center for Brazil's mining industry and has excellent infrastructure to support world-class mining operations.
Jaguar's principal operating assets include the Turmalina Gold Mine Complex and Caeté Gold Mine Complex (Pilar and Roça Grande Mines, and Caeté Plant) which combined, produce more than 95,000 ounces of gold annually. The Company also owns the Paciência Gold Mine Complex, which has been on care and maintenance since 2012. The Roça Grande Mine has been on temporary care and maintenance since April 2019. Additional information is available on the Company's website at www.jaguarmining.com.
The Iron Quadrangle (IQ)
Jaguar in the IQ
Turmalina Gold Mine
Mineral Resource and Mineral Reserve (MRMR) Estimates as at December 31, 2019
Turmalina Strategic Plan
Strategic Plan Based On:
Pilar Gold Mine
Mine Statistics – Caeté Processing
MRMR as at Dec. 31, 2019
Pilar Strategic Plan
Strategic Plan Based On:
Increase in Reserves & Life of Mine
Consolidated Pilar and Turmalina Mines Proven and Probable Reserves increased 15% year-over-year (net of 2019 depletion) to 505,000 ounces of gold at a weighted average grade of 4.02 g/t Au.
Q2 2020 Operating Summary
Management and Directors
Vernon Baker, Chief Executive Officer
Mr. Baker has over 35 years of mining industry experience. He has extensive management and operations expertise at globally focused mid-tier and senior mining companies. Most recently, he was General Manager at Goldcorp's Cerro Negro Mine in Argentina.
Hashim Ahmed, Chief Financial Officer
Mr. Ahmed has over 19 years of experience, with the past 10 years focused in the mining industry, and expertise in financial management, strategy, corporate turnaround, and capital markets.
Jonathan Victor Hill, Exploration & Mine Geology (Expert Advisor to the JMMC)
Mr. Hill has over 30 years' experience of global exploration, mining operational and project development experience. He served as a regional exploration manager with AngloGold Ashanti.
Jeff Kennedy, Acting Chairman and Director
Thomas S. Weng, Director
Benjamin Guenther, Director
Luís Ricardo Miraglia, Director
John Ellis, Director
Shastri Ramnath, Director
On August 26, 2020, Jaguar Mining Inc. has signed an option agreement with Iamgold Corp. on a package of 28 exploration tenements covering an area of about 27,141.75 hectares in the prolific Iron Quadrangle, located in Minas Gerais, Brazil. The Iron Quadrangle agreement stipulates that Jaguar has the option to earn an initial 60-per-cent interest in the package by spending $6.0-million in exploration expenditures over four years commencing in the third quarter of 2020. Jaguar will be the project operator and will be subject to oversight by a technical committee with representatives from both companies.
On August 18, 2020, Jaguar Mining Inc. has released updated mineral resource and mineral reserve (MRMR) estimates as at May 31, 2020, for the Pilar gold mine located in Minas Gerais, Brazil. Highlights:
On August 12, 2020, Jaguar Mining Inc.'s board of directors has declared a dividend of eight cents per common share of the company on a postconsolidation (as hereinafter defined) basis, payable to shareholders of record at the close of business on the date that is five trading days after the effective date (as hereinafter defined) of the consolidation. Jaguar will make a further announcement to confirm the record date and payable date of the dividend following the completion of the consolidation.
On August 6, 2020, Jaguar Mining Inc. announced financial and operating results for the three months ("Q2 2020") and six months ended June 30, 2020.
On July 30, 2020, Jaguar Mining Inc. announced the voting results from its annual general and special meeting of shareholders held on July 30, 2020.
On July 30, 2020, Jiulian Resources Inc. announced that it has entered into an arm's-length definitive option agreement with Jaguar Mining Inc., to acquire up to a 100-per-cent interest in the Pedra Branca project tenement package, located in Ceara state, northeastern Brazil.