Business
Jaguar Mining Reports Financial Results for the Fourth Quarter and Full Year 2024
TORONTO, ON / ACCESS Newswire / March 31, 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 Fourth Quarter and Full Year 2024TORONTO, ON / ACCESS Newswire / March 31, 2025 / Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG)(OTCQX:JAGGF) today filed its year-end results, the highlights of which are included in this news release. The full set of audited consolidated financial statements for the fiscal years ended December 31, 2024 and 2023, accompanying management's discussion and analysis and annual information form 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.Fourth Quarter and Full Year 2024 HighlightsFourth quarter results were impacted by the slump of material at the dry-stack facility at the Company's MTL complex that occurred on December 7, 2024. The incident resulted in the temporary suspension of production activities at the Turmalina mine while the facility was stabilized. Work with government agencies, relocating material from the pile, assisting local community members, and care and maintenance of the mine and plant have been ongoing since the incident. Currently, the timing of the resumption of operations is unknown, but efforts to stabilize the pile and assure the future safe operation of the complex are progressing well.Gold production for the fourth quarter was 14,786 ounces, with 16,043 ounces sold at cash operating costs¹ of $1,106 per ounce of gold sold and all-in sustaining costs¹ of $1,737 per ounce of gold sold. Realized gold prices were $2,641 per ounce in the quarter.Gold production for the full year was 64,704 ounces, with 66,483 ounces sold at cash operating costs¹ of $1,102 per ounce of gold sold and all-in sustaining costs¹ of $1,651 per ounce of gold sold. Realized gold prices were $2,386 per ounce in 2024.Gold produced and sold for the quarter and full year were impacted by the temporary suspension of operations at the MTL Complex/Turmalina mine following the incident that occurred at the Satinoco pile on December 7, 2024.Revenue for the quarter and full year was $42.4 million and $158.6 million respectively, 18% above revenue in the fourth quarter of 2023 and 16% above revenue for the full year 2023, driven by higher realized gold prices year-over-year partially offset by f...