Jaguar Mining ( (TSE:JAG) ) has issued an announcement.
Jaguar Mining Inc. has announced a significant 63% increase in its Proven and Probable Mineral Reserves, bringing the total to 764,000 ounces, largely due to the addition of reserves from the Onças de Pitangui project. This update aligns with the company’s organic growth strategy, despite operational challenges at the MTL Complex, and suggests a promising future for increased gold production, which is expected to extend well beyond 2030, benefiting stakeholders and enhancing the company’s industry positioning.
More about Jaguar Mining
Jaguar Mining Inc. is a Canadian mining company focused on the production and exploration of gold in the Iron Quadrangle Gold Province in Minas Gerais, Brazil. The company operates several mining and production complexes, including the MTL and Caeté complexes, and is involved in the development of new projects such as the Onças de Pitangui.
YTD Price Performance: 21.45%
Average Trading Volume: 48,093
Technical Sentiment Signal: Buy
Current Market Cap: $159.6M
Learn more about JAG stock on TipRanks’ Stock Analysis page.