Movers and SHAKERS
|Current Price||$5.59 ↓ -0.03|
|52wk Range||$1.25 - $9.31|
|ADVANCED MARKET DATA|
Advanced Market DataJaguar Mining Inc (JAGGF)
100 King Street West, First Canadian Place
Suite 5600, 56th Floor
Toronto, ON M5X 1C9
Jaguar Mining Inc is a junior gold mining company. The company is engaged in the acquisition, exploration, development, and operation of gold producing properties in Brazil. Its principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caete Gold Mine Complex (Pilar and Roca Grande mines, and Caete Plant) which combined, produce more than 95,000 ounces of gold annually. The company also owns the Paciencia Gold Mine Complex.
- Jaguar Mining released its preliminary Q1 results this week, reporting a significant drop in gold production on a year-over-year basis.
- This tough quarter is due to a sharp increase in COVID-19 related cases in the country and on-site, translating to a loss of productivity.
- Unfortunately, this soft start to the year has likely taken the ~100,000-ounce target off the table, and it's possible we could see a decline in production year-over-year.
- Given Jaguar's smaller reserve base relative to peers and increased risks, given that it's in one of the countries hit hardest by the pandemic, I continue to see better opportunities elsewhere.
For further details see:Jaguar Mining: COVID-19 Related Headwinds Take A Bite Out Of Output
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