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Jaguar Mining ( (TSE:JAG) ) has shared an announcement.
Jaguar Mining Inc. has received federal authorization from Brazil’s National Mining Agency to begin essential preparatory work at its Turmalina mine, which has been suspended since December 2024 due to an incident. This approval, along with a municipal permit, allows Jaguar to proceed with safety prerequisites necessary for a phased restart of production, expected in early 2026. The company is also finalizing an agreement with the Public Prosecutor’s Office to confirm safety and settle a lawsuit related to the incident. These developments mark significant progress in Jaguar’s efforts to resume operations, reflecting its commitment to regulatory safety and environmental responsibility.
Spark’s Take on TSE:JAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:JAG is a Neutral.
Jaguar Mining’s overall stock score reflects a mix of strengths and challenges. The company’s strong balance sheet and positive technical indicators are significant positives. However, the negative P/E ratio and lack of dividend yield weigh on the valuation. Recent corporate events provide optimism for future growth, but profitability remains a concern.
To see Spark’s full report on TSE:JAG stock, click here.
More about Jaguar Mining
Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil. It has three gold mining complexes and a significant land package with exploration potential in the Iron Quadrangle, a prolific greenstone belt in Minas Gerais. The company’s principal assets include the MTL complex (Turmalina mine and plant) and the Caeté complex (Pilar and Roça Grande mines, and Caeté plant).
YTD Price Performance: 77.08%
Average Trading Volume: 116,853
Technical Sentiment Signal: Buy
Current Market Cap: C$337.1M
Find detailed analytics on JAG stock on TipRanks’ Stock Analysis page.