Business
Jaguar Mining Reports Strong Third Quarter Production With 24,093 Gold Ounces
Continued Consecutive Quarter-Over-Quarter Increase in Production Exploration Program ...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"Jaguar Mining Reports Strong Third Quarter Production With 24,093 Gold OuncesContinued Consecutive Quarter-Over-Quarter Increase in Production Exploration Program Advancing in the Iron Quadrangle TORONTO, ON / ACCESSWIRE / October 13, 2020 / Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG) today announced interim gold production results for the third quarter of 2020 (\"Q3 2020\"). The Company is pleased to announce that it continues to show consistent quarter-over-quarter operational improvement at the Pilar Gold Mine (\"Pilar\") and Turmalina Gold Mine (\"Turmalina\") located in Minas Gerais, Brazil. Financial results for Q3 2020 will be reported and filed on SEDAR on or before November 10, 2020. All figures are in US Dollars, unless otherwise expressed.Vern Baker, CEO, commented: \"We continue to see steady progress toward our goal of sustainable production of 25,000 ounces a quarter. Pilar has demonstrated strong performance with its second consecutive quarter with over 13,000 ounces of gold produced. Turmalina made a step forward in its quarterly production with 10,300 gold ounces produced, its highest production quarter in three years. Overall, gold production increased 25% in the third quarter compared to the same quarter in 2019 and steadily increased 3.0% compared to the second quarter production of 23,483 ounces, demonstrating an impressive sixth consecutive quarter of increased production. We believe Jaguar is making steady strides to build the foundation of a strong company. Our quarterly production of 24,093 gold ounces combined with 2,701 development meters and 18,054 meters of diamond drilling demonstrate a strong company performance on all key production aspects of our plan. I personally would like to thank all our team members for their continued commitment to Jaguar.\"Q3 2020 Operating HighlightsConsolidated gold production increased 25% with 24,093 ounces compared to 19,324 ounces in Q3 2019, demonstrating the sixth consecutive quarter of increase in sustainable production. Grade also increased to 4.40 g/t compared to 3.30 g/t in Q3 2019;Pilar gold production increased 24% and set a new production record with 13,724 ounces compared to 11,044 ounces in Q3 2019;Turmalina gold production increased 25% with 10,370 ounces, compared to 8,280 ounces in Q3 2019;Total development metres increased 7% to 2,701...