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An announcement from Jaguar Mining ( (TSE:JAG) ) is now available.
Jaguar Mining has reported a 49% increase in proven and probable mineral reserves at its Pilar Mine in Brazil, lifting total reserves to 286,000 ounces of gold contained in 2.49 million tonnes at an average grade of 3.57 g/t. The growth, driven mainly by the BA and BFs orebodies, stems from successful infill and step-out drilling and a reinterpretation of the geological model completed in 2025.
Pilar was the company’s only operating mine in 2025, producing 40,012 ounces of gold with stable recoveries around 89% while Jaguar invested in underground ventilation, exhaust, and safety upgrades to support long-term efficiency and continuity. The company plans further directional drilling at Pilar in 2026 and intends to update mineral resources at Turmalina and Onças de Pitangui next year, underscoring a strategy centered on operational stability and disciplined, long-term growth.
The most recent analyst rating on (TSE:JAG) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Jaguar Mining stock, see the TSE:JAG Stock Forecast page.
Spark’s Take on JAG Stock
According to Spark, TipRanks’ AI Analyst, JAG is a Neutral.
The overall stock score is primarily influenced by the company’s strong technical indicators, suggesting positive market momentum. However, this is offset by financial performance challenges, including declining revenues and profitability issues, as well as a negative valuation due to a negative P/E ratio and lack of dividend yield.
To see Spark’s full report on JAG stock, click here.
More about Jaguar Mining
Jaguar Mining Inc. is a Canadian-listed gold producer focused on underground mining operations in Brazil’s Iron Quadrangle region of Minas Gerais. The company’s key assets include the Pilar Mine within the Caeté Complex and the Turmalina Mine in the MTL Complex, complemented by the Onças de Pitangui project targeted for future resource development.
Average Trading Volume: 228,638
Technical Sentiment Signal: Hold
Current Market Cap: C$577.2M
For detailed information about JAG stock, go to TipRanks’ Stock Analysis page.