Jaguar Mining Inc. ( (JAGGF) ) has released its Q3 earnings. Here is a breakdown of the information Jaguar Mining Inc. presented to its investors.
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Jaguar Mining Inc. is a Canadian-listed junior gold mining company operating in Brazil, primarily focused on gold mining, development, and exploration within the Iron Quadrangle region. The company is known for its significant land position and exploration potential in this prolific greenstone belt.
In its third quarter of 2025, Jaguar Mining reported solid financial results, driven by strong gold prices and the performance of its Pilar mine, the company’s sole operating mine during this period. The Turmalina mine remains temporarily suspended due to a previous incident, with plans to resume operations in early 2026.
Key financial highlights include a net income of $13.0 million, a significant increase from $2.3 million in the same quarter of the previous year, largely due to an unrealized gain on a short-term investment and expense reversals. Despite a decrease in gold production and sales compared to the previous year, the company benefited from a 40% increase in realized gold prices, reaching $3,465 per ounce. However, cash operating costs and all-in sustaining costs per ounce increased due to the lower volume of gold sold.
Jaguar Mining’s revenue for the quarter was $34.0 million, down from $38.9 million in the previous year, reflecting the absence of contributions from the Turmalina mine. The company’s cash position improved, with cash and cash equivalents rising to $52.0 million by the end of September 2025.
Looking ahead, Jaguar Mining remains focused on the rehabilitation of the Turmalina mine and expects to restart operations in the first quarter of 2026. The company continues to emphasize disciplined management and value maximization across its Brazilian portfolio, with a positive outlook for future growth and operational stability.