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Jaguar Mining Reports Third Quarter 2017 Financial Results; Reports Increasing Operating and Free Cash Flow
Nov. 07, 2017 08:44AM PST
Precious MetalsJaguar Mining Inc. (“Jaguar” or the “Company”) (TSX:JAG) today announced details of the Company’s financial and operating results for the third quarter ended September 30, 2017 (“Q3 2017”). Complete Financial Statements and Management’s 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 …
Jaguar Mining Inc. (“Jaguar” or the “Company”) (TSX:JAG) today announced details of the Company’s financial and operating results for the third quarter ended
September 30, 2017 (“Q3 2017”). Complete Financial Statements and Management’s 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 CEO of Jaguar, commented: “We continued to see improving performance throughout Q3 2017 with a focus on generating the highest level of operating cash flow in 2017, through profitable ounce production. Increased operating cash flow of $7.5 million in the third quarter allowed the company to continue to invest in sustaining capital, as committed, priority growth exploration programs and pay down debt. Cost reduction initiatives combined with strong production results from Pilar contributed to significantly improved consolidated cash costs of $809 per ounce sold compared to the first half of 2017 of $895. In particular, Pilar and Roca Grande reduced cash costs 22% and 17%, respectively, in Q3 2017 compared to Q2 2017.”
