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Jaguar Mining (TSX:JAG) has announced its consolidated annual guidance for 2017 and provide an update on its growth exploration pipeline initiative previously announced on October 27, 2016. As quoted in the press release: 2017 Guidance Gold production of 100,000 – 110,000 ounces, up approximately 10% compared to 2016 guidance Cash operating costs per ounce sold1 …
Jaguar Mining (TSX:JAG) has announced its consolidated annual guidance for 2017 and provide an update on its growth exploration pipeline initiative previously announced on October 27, 2016.
As quoted in the press release:
2017 Guidance
- Gold production of 100,000 – 110,000 ounces, up approximately 10% compared to 2016 guidance
- Cash operating costs per ounce sold1 (“COC”) of $720 – $755
- All-in sustaining costs per ounce sold1 (“AISC”) of $900 – $1,000
- Total development includes primary of 4,700 – 5,500 metres, Secondary of 5,600 – 6,550 metres
- Definition and infill drilling totalling 26,000 – 31,000 metres
- Growth exploration investment (core operating assets) of $7.5 – $8.0 million
Exploration Update
- Commenced underground development of exploration drives in order to launch the planned deep drilling programs from the hanging wall at both Pilar and Turmalina to test the down-plunge extension of current inferred resources.
- Initiated exploration drilling at the the Pacheca and Cubas targets located in and around Pilar.