Jaguar Mining Inc. Announces Final Set of Exploration Drill Results from the 2015 Exploration Program at the Pilar Mine
Aug 24 15
Jaguar Mining Inc. announced the final set of exploration drill results from the 2015 exploration program at the Pilar Mine, located in Minas Gerais, Brazil. These results include additional high-grade gold intercepts from the latest round of underground exploration drilling. The most significant high-grade gold results from this drilling campaign come from BFII and BF at the footwall of ore body BA and in particular, drill hole FSB552A with 13.74 grams per tonne Gold (g/t Au) over 9.8 meters and drill hole PPL 319 with 9.48 g/t Au over 11.15 meters. (Intersections do not represent true thickness and have been drilled from drill platforms aiming to intersect the mineral resources perpendicular to the plunge and dip of the projected mineralization as possible.) The Pilar Mine is one of two underground mines that provide ore to the Caet Mill Complex (Caet) and this production currently represents approximately two-thirds of the ounces produced at Caet. This 2015 drilling program, initially launched in late third quarter of 2014, was largely focused to test potential depth extensions of mineralization below level 7 at the Pilar Mine. This program was projected to intersect the mineralization at levels 8, 9 and 10, covering a vertical length of 240 meters (80 meters per level). The program included 31 diamond drill holes for a total of 6,541 drilled meters. Drill holes were planned along the extensions of existing pay shoots and targeting a grid of 40 x 40 meters. About 80% of drill holes were projected to intercept the mineralization from the hanging wall (average N223 dipping 51) and 20% to intercept the mineralization from the footwall (average N76 dipping 18). Average depth per drill hole was 211 meters. High-grade intercepts confirm the depth extensions of the mineralized system at the Pilar Mine. In addition, these results show higher continuity, grade and thickness of the mineralized zones BFII and BF at levels 8, 9 and 10. Ore body BFII shows high-grade results in both the upper and lower limbs while higher grade results are in the lower limb of ore body BF. Ore shoots where the higher grades are concentrated follow the hinge zones of the anticlines. Key intercepts includes drill hole FSB552A with 13.74 g/t Au over 9.8 meters, drill hole PPL 319 with 9.48 g/t Au over 11.15 meters, drill hole PPL287 with 5.07 g/t Au over 16.45 meters, drill hole PPL314 with 7.26 g/t Au over 9.25 meters, drill hole PPL316 with 6.59 g/t Au over 10.10 meters, drill hole PPL318 with 8.57 g/t Au over 7.55 meters, drill hole PPL 306 with 9.43 g/t Au over 7.5 meters, including 22.32 g/t Au over 2.70 meters.
Jaguar Mining Inc. Announces Financial and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Consolidated Production Guidance for the Year of 2015
Aug 13 15
Jaguar Mining Inc. announced financial and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $22,820,000 against $31,044,000 a year ago. Net loss was $4,383,000 or $0.04 per share against net income of $246,646,000 or $2.92 per share a year ago. LBITDA was $137,000 against EBITDA of $257,402,000 a year ago. Adjusted EBITDA was $500,000 against adjusted LBITDA of $2,911,000 a year ago. Total capital expenditures were $3,196,000 against $5,010,000 a year ago.
For the six months, the company reported revenue of $51,567,000 against $62,143,000 a year ago. Net loss was $17,328,000 or $0.16 per share against net income of $230,888,000 or $5.37 per share a year ago. LBITDA was $1,646,000 against EBITDA of $255,402,000 a year ago. Adjusted EBITDA was $7,557,000 against adjusted LBITDA of $3,401,000 a year ago. Total capital expenditures were $8,577,000 against $9,303,000 a year ago.
For the quarter, the company reported gold produced of 20,682 ounces against 23,867 ounces a year ago. Definition drilling was 11,416 meters against 10,121 meters a year ago.
For the six months, the company reported gold produced of 42,018 ounces against 47,226 ounces a year ago. Definition drilling was 20,384 meters against 17,536 meters a year ago.
For the year, the company expected consolidated gold production to be in the range of 92,000 ounces to 102,000 ounces. Tonnes processed expected to be in the range of 925,000 to 1,025,000. Definition/delineation drilling expected to be in the range of 34,000 to 34,000.
Jaguar Mining Inc. Announces Production and Sales Results for the Second Quarter of 2015
Jul 14 15
Jaguar Mining Inc. announced production and sales results for the second quarter of 2015. For the quarter, the company reported gold production of 20,682 ounces against 23,867 ounces a year ago.
For the quarter, the company reported sales of 19,184 ounces against 24,002 ounces a year ago.