Jaguar Mining Agrees to Compensate Community Affected by Satinoco Incident

Jaguar Mining Inc. has reached an agreement with Minas Gerais' Public Defender's Office for compensating those affected by the December 2024 incident at its Satinoco dry-stacked pile. This agreement aims to address the needs of impacted individuals and families in the Casquilho community, where the incident disrupted local infrastructure.

No injuries or significant environmental impacts were reported. The compensation will cover land, housing, relocation expenses, financial losses, and other damages. Each claim will be reviewed by Jaguar, and approved agreements will be submitted to a judge.

The estimated compensation cost is approximately R$57 million (~$10 million). Jaguar Mining underscores its commitment to responsible mining and plans for the Turmalina mine's reopening.