Jaguar Mining Announces Q2 2017 Financial Results, Comments on Progress at Turmalina

Jaguar Mining Inc. (“Jaguar” or the “Company”) (TSX:JAG) today announced details of the Company’s financial and operating results for the second quarter ended June 30, 2017 (“Q2 2017”). Complete Financial Statements and Management Discussion and Analysis are available on SEDAR and on the Company’s website at www.jaguarmining.com. All figures are in US dollars, unless otherwise expressed.
As quoted in the press release:

Rodney Lamond, President and Chief Executive Officer of Jaguar commented, “We have made progress on a number of fronts in the second quarter of 2017. We reduced costs while continuing to invest capital on near-mine growth exploration projects and on upgrading our mining fleet. We have made excellent progress at Pilar and expect to see continued improvement in sustainable production levels. At Turmalina, mining activities successfully transitioned to Level 10 in Orebody A. Orebody A will take some time to increase the number of working faces before reaching a more normal mining cycle that will yield a consistent level of production. In the interim, we are increasing production from Orebody C, which will affect our average grades for 2017 as we mine more tonnes from this Orebody. The Company is targeting 95,000 ounces of gold production from the revised forecast for 2017. Additionally, as we continue to build our understanding of the Turmalina and Pilar mines through growth exploration efforts, we are encouraged with the results to date and look forward to updating exploration results before the end of the third quarter.”

Click here for the full text release