Jaguar Mining Inc. · TSX:JAG
Jaguar Mining — Q3 2010 Earnings Presentation
20 slides from Jaguar Mining's earnings presentation, Nov 10, 2010
Slide 1: Q3 2010 Earnings Conference Call
jaguarisgold Q3 2010 Earnings Conference Call 1. Change in mining method at Turmalina Ore Body A progressing, measurable impact to be seen in early-2011 2. Caeté Reaches Commercial Status 1 November 10, 2010
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS jaguarisgold Certain statements in this presentation constitute "Forward-Looking Statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. This presentation contains Forward-Looking Statements, concerni
Slide 3: Topics
Topics jaguarisgold A. Operations – Turmalina • Continued progress to overcome persistent dilution challenge – Switch from selective stoping to cut-and-fill in Ore Body A on plan. Transition to cut-and- fill with Q4 production; now estimate Q1 2011 to essentially complete changeover. – Paciência • C
Slide 4: Q3 2010 Highlights
Q3 2010 Highlights jaguarisgold 1) Revenue of $48.7 mm Q3 2010 vs. $35.2 mm in Q3 2009…+39% Gold Price Realized: Q3 2010 - $1,254 vs. $969 in Q3 2009 .. +29% Ounces sold: Q3 2010 – 38,861 vs. 36,314 in Q3 2009 .. +7% 2) Net income: Q3 2010: ($3.8 mm) or (5¢)/share vs. $6.9 mm or 9¢/share in Q3 2009
Slide 5: Q3 2010 Highlights (cont'd)
Q3 2010 Highlights (cont’d) jaguarisgold 3) Cash flow from operations: Q3 2010 - $11.3 mm, 13¢/share vs. $12.9 mm or 16¢/share in Q3 2009 4) CAPEX: Q3 2010 growth investments: $35.3 mm vs. $27.2 in Q3 2009 5) Cash and cash equivalents* as of September 30, 2010: $51.6 mm * - Includes restricted cash
Slide 6: Q3 2010 Performance
Q3 2010 Performance jaguarisgold Q3 Au Production: 41,376 oz -5% from Q3 Plan • Turmalina: 16,350 oz +1% from Q3 Plan • Paciência: 16,526 oz -2% from Q3 Plan • Caeté: 8,500 oz -4% from Q3 Plan Percentage Change from Q3 Production Recalculated feed grade lower than planned: -1% Impact due to lower th
Slide 7: Turmalina – Q3
Turmalina – Q3 jaguarisgold 1) Produced 16,350 oz @ $912/oz (cash operating cost) 2) Ore produced: 158,057 tonnes 3) Ore processed: 199,608 tonnes 4) ROM Grade: 2.91 g/t 5) Feed grade: 2.87 g/t 6) Recovery: 89% 7) 1.5 km underground development. 18.4 km in-place – Dilution in higher-elevations (old
Slide 8: Turmalina Cost Profile
Turmalina Cost Profile Cash Operating Cost Per Tonne and Per Oz (Non-GAAP Measure) jaguarisgold R$ Cost per tonne $ Cost per tonne R$ Cost per oz $ Cost per oz 1,595.4 150 1,600 129.3 1,409.0 123.8 123.1 125 113.9 109.9 108.0 104.6 1,200 100 998.2 910.0 912 807.2 852.5 759.4 788 75 68.8 800 58.6 59.
Slide 9: Turmalina – Ore Sources and Grades
Turmalina – Ore Sources and Grades jaguarisgold Ore Tonnage and ROM Grade 5.11 Shoots 175 3.15 2.93 4.14 150 5.47 5.43 3.89 B, C, 125 3.82 3.23 2.69 D (oxides) 4.08 2.68 100 75 5.81 50 6.11 6.14 4.87 4.07 3.21 A 25 0 Q1 Q2 Q3 Q1 Q2 Q3 2009 2010 % from A Ore Body 69% 69% 84% 56% 34% 45% Note: ROM gra
Slide 10: New Mining Sequence Using Cut and Fill
New Mining Sequence Using Cut and Fill jaguarisgold Ore Body A Legend % of ore Dilution NW SE Primary Pilar mined recorded in Q3 2010 Q3 2010 Ore Mined through Dec2009 Current mining using slective stoping Temporary Pilar 100% ≈ 20 - 40% Ore to be mined using cut and fill after 2011 Cut and fill seq
Slide 11: New Mining Sequence Using Cut and Fill Opposite Resource Model – Ore Body A
New Mining Sequence Using Cut and Fill Opposite Resource Model – Ore Body A jaguarisgold Resource Model Mine Plan Legend NW SE Primary Pilar Ore Mined until Dec2009 To be completed in Q4 2010 Current mining using slective stoping Temporary Pilar Ore to be mined using cut and fill Completed in Q3 201
Slide 12: Paciência – Q3
Paciência – Q3 jaguarisgold 1) Produced 16,526 oz @ $695/oz (cash operating cost) 2) Ore produced: 153,078 tonnes – St. Isabel/NW1: 108,700, Pilar: 37,527, Palmital: 6,851 3) Ore processed: 166,710 tonnes 4) ROM Grade: 3.28 g/t – St. Isabel/NW1: 3.08 g/t, Pilar: 3.65 g/t, Palmital: 4.50 g/t 5) Feed
Slide 13: Paciência Cost Profile
Paciência Cost Profile Cash Operating Cost Per Tonne and Per Oz (Non-GAAP Measure) jaguarisgold R$ Cost per tonne $ Cost per tonne R$ Cost per oz $ Cost per oz 1,250 1,220 125 113.6 1,250 1,179 105.7 1,117 103.5 105.8 100.8 101.5 998 968 100 91.3 1,000 853 75 750 701 695 62.8 651 59.3 59.3 60.18 556
Slide 14: Caeté – Q3
Caeté – Q3 jaguarisgold Commissioned July, 2010…Commercial Ops Declared in Q3 1) Produced 8,500 oz @ $776/oz (cash operating cost) 2) Ore produced: 50,026 tonnes – Roça Grande: 16,866, Pilar: 33,160 3) Ore processed: 101,211 tonnes 4) ROM Grade: 3.18 g/t – Roça Grande: 2.93 g/t, Pilar: 3.31 g/t 5) F
Slide 15: Caeté Cost Profile
Caeté Cost Profile Cash Operating Cost Per Tonne and Per Oz (Non-GAAP Measure) jaguarisgold R$ Cost per tonne $ Cost per tonne R$ Cost per oz $ Cost per oz 146.2 150 1,500 1,357 125 1,250 100 1,000 83.6 776 75 750 50 500 25 250 - - Q3 Q4 Q3 Q4 2010 2010 Note: this operation entered commissioning pha
Slide 16: Operations Cash Operating Cost and Margin
Operations Cash Operating Cost and Margin (Non-GAAP Measure) jaguarisgold $1,400 Cash Margin $1,200 Cash Cost $456 $1,000 $457 $505 $560 $800 $/oz $496 $445 $401 $456 $518 $519 $600 $391 $397 $349 $209 $235 $236 $389 $337 $209 $400 $798 $746 $597 $455 $461 $466 $539 $405 $428 $396 $409 $451 $200 $35
Slide 17: Outlook
Outlook jaguarisgold 2010 Estimated Gold Production, By Operation Operation Q1 Actual Q2 Actual Q3 Actual Q4 Estimate FY 2010 Turmalina 16,987 15,896 16,350 14,000 - 16,500 63,233 - 65,733 Paciência 14,236 14,717 16,526 16,000 - 18,000 61,479 - 63,479 Caeté - - 8,500 15,000 - 16,500 23,500 - 25,000
Slide 18: Quarterly Gold Production
Quarterly Gold Production Q4 2010 Estimated jaguarisgold 60,000 45,000 – 51,000 45,000 41,376 Ounces 30,000 15,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2006 2007 2008 2009 2010 18 Q4 estimate as of November 9, 2010
Slide 19: Investment Capital Alternatives
Investment Capital Alternatives jaguarisgold Short-term Credit Facility - $25 million … Finalizing with major financial institution … Asset-based structure Medium-term Financing Gurupi Project, presently evaluating: I. Debt proposals from high-yield bond investors II. Project financing (completion o
Slide 20: Thanks for your continued interest in Jaguar Mining
jaguarisgold Thanks for your continued interest in Jaguar Mining 20