Gold Producer Jaguar Files for Bankruptcy Protection

Jaguar Mining Inc. (JAG), the operator of two Brazilian gold mines, filed for bankruptcy protection in Canada as it tries to restructure its debt.

Jaguar started proceedings under the Companies’ Creditors Arrangement Act in Ontario, the Toronto-based company said today in a statement.

The company said its recapitalization plan has the support of bondholders who collectively hold about 93 percent of Jaguar’s 4.5 percent convertible notes due Nov. 1, 2014 and 5.5 percent notes due March 31, 2016.

To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

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