Jaguar Mining Meets Full Year 2012 Production Targets

BELO HORIZONTE, Brazil, Jan. 17, 2013 /CNW/ - Jaguar Mining Inc. ("Jaguar" or 
"the Company") (JAG: TSX/NYSE) today announced that its full year 2012 
production totaled 102,823 ounces of gold, in line with its most recent public 
guidance targets. Gold production for the quarter ended December 31, 2012 
totaled 21,676 ounces. 
These production results compare to 33,397 ounces of gold in the fourth 
quarter of 2011 and 155,764 ounces for the full year 2011. The decline in 
comparative quarterly and annual production levels was the result of the 
Company's decision to place the Paciência operation on care and maintenance 
beginning in May 2012 and a transition of mining and ground support methods 
which, during the course of implementation, negatively impacted production 
cycle times in the Turmalina operation. 
2012 Production by Operation 
|         |Q4 2012 Production|   Full Year 2012     |
|Operation|   (ounces Au)    |Production (ounces Au)|
|Turmalina|         8,206    |            37,840    |
|Paciência|            -     |            9,987     |
|Caeté    |         13,470   |            54,996    |
|Total    |         21,676   |           102,823    |
Commenting on the production results, David Petroff, Jaguar's President and 
CEO stated, "2012 was a challenging year for Jaguar and these results reflect 
the magnitude of the challenges and the temporary disruptive impact related to 
the implementation of new mining and ground control methods." 
"The Caeté operation had a very good year meeting production targets and 
developing a sound production cycle," Petroff continued. "The Turmalina 
operation is making progress with development now moving out ahead of 
production and providing some additional operational flexibility. The change 
in ground control method is having the desired effect of improving safety and 
structural stability in the mines. The temporary negative impact of the 
implementation has begun to ease as the operations have incorporated the 
revised program into to the production cycle." 
"With a new permanent management team now in place we will continue to focus 
on and implement continuous improvement at the operations throughout 2013. 
We are encouraged by our many opportunities in this new year as we build and 
strengthen for the future," Petroff concluded. 
About Jaguar Mining 
Jaguar is a junior gold producer in Brazil with operations in a prolific 
greenstone belt in the state of Minas Gerais and owns the Gurupi Project in 
Northern Brazil in the state of Maranhão. The Company also owns additional 
mineral resources at its approximate 210,000-hectare land base in Brazil. 
Additional information is available on the Company's website at  
Roger Hendriksen Vice President, Investor Relations 603-410-4888 
Valéria Rezende DioDato Director of Communication 011-55-31-4042-1249  
SOURCE: Jaguar Mining Inc. 
To view this news release in HTML formatting, please use the following URL: 
CO: Jaguar Mining Inc.
-0- Jan/17/2013 22:08 GMT
Press spacebar to pause and continue. Press esc to stop.