Jaguar Mining Sees Higher Gold Prices Amid Mixed Results
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Jaguar Mining Sees Higher Gold Prices Amid Mixed Results

Story Highlights
  • Jaguar Mining’s gold production and sales slightly decreased, yet gold prices rose by 29%.
  • Operating costs dropped 12%, but net income fell due to increased capital investments.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Jaguar Mining (TSE:JAG) has released an update.

Jaguar Mining reported a slight decrease in gold production and sales for the third quarter of 2024, but benefited from a significant 29% increase in gold prices compared to the previous year. Despite a 12% reduction in operating costs, the company’s net income decreased due to higher sustaining capital investments. However, adjusted net income showed a positive outcome when excluding litigation provisions.

For further insights into TSE:JAG stock, check out TipRanks’ Stock Analysis page.

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