Business
Jaguar Mining Reports Financial Results for the First Quarter 2025
TORONTO, ON / ACCESS Newswire / May 8, 2025 / Jaguar Mining Inc. ("Jaguar" or the "Company") ...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"Jaguar Mining Reports Financial Results for the First Quarter 2025TORONTO, ON / ACCESS Newswire / May 8, 2025 / Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG)(OTCQX:JAGGF) today filed its first quarter results, the highlights of which are included in this news release. The interim condensed consolidated financial statements for the quarter ended March 31, 2025 and accompanying management's discussion and analysis can be accessed by visiting the Company's website at https://jaguarmining.com or its profile page on SEDAR+ at www.sedarplus.ca. All figures are in US Dollars, unless otherwise expressed.First Quarter 2025 HighlightsFinancial and operating results for the first quarter are from the Company's Pilar mine which is currently its sole operating mine compared to the first quarter of 2024, when the Company had two operating mines, Pilar and Turmalina. The Turmalina mine remains temporarily suspended following a slump of material at the dry-stack facility that occurred at the MTL complex on December 7, 2024.Gold production for the quarter from the Pilar mine was 9,924 ounces compared to 16,177 ounces produced from both the Pilar and Turmalina mines in the first quarter of 2024, reflecting a 54% reduction in ore tonnes processed partly offset by a 32% increase in the average head grade.Gold sold for the quarter from the Pilar mine was 9,544 ounces at cash operating costs¹ of $1,105 per ounce of gold sold and all-in sustaining costs¹ of $1,726 per ounce of gold sold. The realized gold price was $2,845 per ounce in the quarter.Revenue for the quarter from the Pilar mine was $27.3 million compared to $32.6 million in revenue reported in the first quarter of 2024, which included ounces produced and sold from both the Pilar and Turmalina mines. Despite the reduction in ounces sold, lower revenue was partly offset by higher realized gold prices year-over-year.Operating costs for the quarter were $10.5 million compared to $18.3 million reported in the first quarter of 2024. Lower operating costs in the current quarter mainly reflect the ongoing suspension of operations at the Turmalina mine.Net loss for the quarter was $1.6 million (net loss of $0.02 per share) compared to net income of $2.8 million ($0.04 per share) reported for the first quarter of 2024. Adjusted net income¹, excluding the impact o...