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Jaguar Announces Gold Production Increase in 2017 and Provides Update on Growth Exploration Pipeline Initiative
Jaguar Announces Gold Production Increase in 2017 and Provides Update on Growth Exploratio...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"\n\n\n\nJaguar Announces Gold Production Increase in 2017 and Provides Update on Growth Exploration Pipeline Initiative\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen1{\nBORDER-BOTTOM:0pt; BORDER-LEFT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt; BORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 21, 2016\n\n\n\nTSX: JAG\n\n\n\nTORONTO, Dec. 21, 2016 /CNW/ - Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX: JAG) is pleased to announce its consolidated annual guidance for 2017 and to provide an update on its Growth Exploration Pipeline Initiative, announced on October 27, 2016. All amounts are in US dollars, unless otherwise stated.\n\n2017 Guidance\n\n\nGold production of 100,000 - 110,000 ounces, up approximately 10% compared to 2016 guidance \nCash operating costs per ounce sold1 (\"COC\") of $720 - $755 \nAll-in sustaining costs per ounce sold1 (\"AISC\") of $900 - $1,000 \nTotal development includes primary of 4,700 - 5,500 metres, Secondary of 5,600 - 6,550 metres \nDefinition and infill drilling totalling 26,000 - 31,000 metres \nGrowth exploration investment (core operating assets) of $7.5 - $8.0 million\n\nExploration Update\n\n\nCommenced underground development of exploration drives in order to launch the planned deep drilling programs from the hanging wall at both Pilar and Turmalina to test the down-plunge extension of current inferred resources. \nInitiated exploration drilling at the the Pacheca and Cubas targets located in and around Pilar.\n\n\n\n\n1.\n\n\nCash operating costs and all-in sustaining costs are non-GAAP financial performance measures with no standard definition under IFRS. Refer to Non-IFRS Financial Performance Measures below. 2017 cost guidance has been prepared on the basis of a foreign exchange rate of 3.5 Brazilian Reais vs. the US dollar.\n\n \n\nRodney Lamond, President and Chief Executive Officer of Jaguar, stated: \"Look...