Jaguar Mining Inc. (TSE:JAG) has released an update.
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Jaguar Mining Inc. reported a net income of $2.8 million for Q1 2024, a slight increase from the previous year, despite a 9% drop in revenue to $32.6 million due to lower gold production and sales, which was somewhat offset by higher realized gold prices. The company strengthened its cash position to $26.4 million and successfully advanced significant mining projects despite production challenges and a Dengue epidemic. Looking ahead, Jaguar anticipates increased production in the latter half of the year with a focus on improving grades and integrating new orebodies into their operations.
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