Jaguar Mining Reports Third Quarter 2024 Production Results

Jaguar Mining Inc. announced its third-quarter production results for 2024, revealing a gold output of 16,912 ounces. This represents a slight increase from the previous quarter but a minor decrease from 17,316 ounces in the same quarter last year. The company's focus on grade control is reflected in the improved average gold grade of 3.67 g/t, up from 2.95 g/t the previous year.

Development activities saw an increase, with primary development reaching 1,824 meters compared to 1,027 meters in Q3 2023. The Faina zone at Turmalina contributed significantly with improved grades but lower overall recoveries. The company's cash position improved to $41.6 million, marking an 11% increase since June 2024.

Jaguar plans to enhance production in Q4 2024, aiming for expansion through new developments at its mines. The company continues to advance permitting at various sites to support future growth.