Slide 1: Values-Driven Growth, Emerging Low-Cost Producer
MINING COMPANY Values-Driven Growth, Emerging Low-Cost Producer TSX:JAG Corporate Presentation - June 2020
Slide 2: Forward-Looking Information
This presentation contains “forward-looking information,” within the meaning of applicable Canadian securities legislation. Forward-looking information contained in forward-looking statements relate to, among other things, the objectives, goals, strategies, beliefs, intentions, plans, estimates and
Slide 3: Mission and Vision
Mission Create and grow sustainable value for our stakeholders through the application of best practices in mining and our commitment on protecting the health and wellbeing of our employees and the environment in the communities where we work. Vision To be a recognized gold mining company focused on
Slide 4: Our values determine how we work
Our values determine how we work. How we work drives safe, responsible growth. Safe, responsible production and operational excellence in our daily activities combined with strong collaboration and communication across our operations will drive growing production and cash flow. Sustainability Excell
Slide 5: Value Proposition
Value Proposition Highlights Attractive assets in Brazil; team focused on basics, Strengthened Capital Structure Operating Mines with Resource Base upside potential. ✓FCF Q1 & growing ✓Solid plan to drive mines to 100k oz ✓Low Debt (~$4M) per year by end of 2020 Operating Mines Consistently Unique P
Slide 6: Capital Structure
Capital Structure Balance Sheet – March 31, 2020 Cash and Bullion Receivable US$M $15.6 Brazilian Bank Debt – Unsecured US$M 4.4 Significant Shareholders Capital Structure – Values as of June 1, 2020 • Eric Sprott (48.9%) • Sprott Asset Management (13.3%) Issued & Outstanding Shares M 724 • Wolverin
Slide 7: Jaguar's Asset: Unique Position in Iron Quad
Jaguar’s Asset Unique Position in Iron Quad Attractive Brazilian Assets Excellent District Cash Flowing Operations Positive Social Iron Quadrangle Solid Resources Bases Environment • Continuous gold mining for over 300 years • Both mines improving production rates • Brazil’s largest mining state • O
Slide 8: Growth Opportunities and Catalysts
Jaguar’s Asset Growth Opportunities and Catalysts Infrastructure Consistent Exploration Approach Organic Growth Capacity Potential • Geology, Geochemistry, and Geophysics • 3 mills, all with 2,000 tpd capacity • Targets through basic work • TURMALINA • 2 operating: • Successful drill plans. targets
Slide 9: Gold Production & Cash Flow
Gold Production & Cash Flow The Basics for Our Company Rebuilding & Focused Management Legacy Issues Recapitalization 2016 2021 2020 2017 2018 2019 96K oz 84K oz 74K oz 74K oz 94K oz 100K oz Free CF: Free CF: Free CF: Free CF: Free CF: Free CF: $11M Negative Negative Negative $50M* $70M* *Assumption
Slide 10: Q1 2020 Operating Performance
Q1 2020 Operating Performance Q1 2020 Q1 2019 Quarterly Summary Turmalina Pilar Total Turmalina Pilar Total Tonnes milled (t) 74,592 101,151 175,733 65,410 95,193 160,603 Average head grade (g/t) 4.37 3.98 4.15 3.96 3.34 3.59 Recovery % 90.4 88.9% 89.5% 86.6% 86.4% 87.7% Gold ounces Produced (oz) 9,
Slide 11: Turmalina Gold Mine
Turmalina Gold Mine Action plant to return to historical production Turmalina Gold Production (oz) and Grade (g/t) Turmalina Mine Statistics 5.00 10,000 • Underground mine Q1 2020 gold production up 26% vs. Q1 2019 4.37 • Mining Method – Sub- ▪ FY 2019 Au Production: 33,400 oz 4.40 level stoping 9,0
Slide 12: Pilar Gold Mine
Pilar Gold Mine An emerging low cost producing mine Pilar Gold Production (oz) and Grade (g/t) Pilar Mine Statistics – Processing at Caeté Complex 4.50 12,000 • Underground mine Q1 2020 gold production up 30% vs. Q1 2019 3.98 • Mining Method: Long hole ▪ FY 2019 Au Production: 40,682 oz 4.00 stope 1
Slide 13: Meters of Development
Consolidated KPIs Production K'Oz AISC/oz 90 1,350 90 1,200 1,250 80 80 Production (Koz) 900 US$ AISC / oz Consolidated Production 70 90 70 84 and AISC/oz 75 74 60 60 50 50 1 11,000.0 Meters of Development 9,250.0 Production (Koz) Meters of Development 7,500.0 10,100 (Primary and Secondary) 8,600 5,
Slide 14: Increase in Reserves & Life of Mine
Increase in Reserves & Life of Mine Consolidated Pilar and Turmalina Mines Proven and Probable (2P) Reserves increased 15% year-over-year (net of 2019 depletion) to 505,000 oz’s of gold at a weighted average grade of 4.02 g/t Au. •Turmalina Proven and Probable tons increased by 71% and grade decreas
Slide 15: Increase in Reserves & Life of Mine
Increase in Reserves & Life of Mine Pilar & Turmalina Gold Mines - Change in Mineral Reserves 2018-19 Gold Ounces (000’s) Gold Grade (g/t) As at December 2019 2018 Change (%) 2019 2018 Change (%) 31 Proven 224 245 -9% 4.17 4.01 4% Reserves Probable 280 194 44% 3.90 5.00 -22% Reserves Total 2P 505 43
Slide 16: Gold Production in Brazil's Iron Quadrangle
Gold Production in Brazil’s IQ FACTS • Largest, most successful gold Iron Quadrangle (IQ) mining district in Brazil • First gold discovery in 1695 • 50+ million Au Oz produced • 315+ years of continuous production • Jaguar tenements total 65k Ha with 27k Ha in the Iron Quadrangle • 505,000 Au Oz of
Slide 17: IQ District
IQ District Geological Setting, Main Gold Deposits & Jaguar Positioning TSX:JAG | 17
Slide 18: Appendix
MINING INC. - Appendix -
Slide 19: Turmalina Mine
Turmalina Mine Summary of Mineral Resources - December 31, 2019 Mineral Reserve Estimate - December 31, 2019 Jaguar Mining Inc. - Turmalina Mine Complex Jaguar Mining Inc. - Turmalina Mine Complex Contained Oz Category Tonnes (000) Grade (g/t Au) (000) Turmalina Proven reserves Probable Reserves Pro
Slide 20: Turmalina Strategic Plan
Turmalina Strategic Plan Turmalina Mine – A & C Turmalina Mineral Reserves As Of December 31, 2019 OreBodies Oz/Vm Profile (Looking To Azimuth 180°) Strategic Plan Based On: • Geological – structural projections of known mineralization trends and grade models • Turmalina resource oz per vertical met
Slide 21: Turmalina Mine Resources Long Section with Planned 2020 Drilling
Turmalina Mine Resources Long Section with Planned 2020 Drilling TSX:JAG | 21
Slide 22: Pilar Strategic Plan
Pilar Strategic Plan Strategic Plan Based On: • Geological – structural projections of known mineralization trends and grade models • Pilar resource oz per vertical meter profile (Orebody BA, BF and BF2) remaining consistent with historical levels (>2,000 oz per vertical meter) • LOM scenario assume
Slide 23: 2019 Infill Drilling Results Pilar Mine
2019 Infill Drilling Results Pilar Mine Intercepts with greater than 25 gram meters Oz/vm –All orebodies ✓ Lateral exploration to increase productivity (Oz/Vm) ✓ Plunge extension exploration to increase life of mine • Resource > 2,000 ounces per vertical meter • Recovered – 1,000 ounces per vertical
Slide 24: 2019 Infill Drilling Results Pilar Mine
2019 Infill Drilling Results Pilar Mine Intercepts with greater than 25 gram meters TSX:JAG | 24
Slide 25: Pilar Lateral Exploration Targets
Pilar Lateral Exploration Pilar Lateral Exploration Targets to Add Productions Capability 0z/vm Targets to add to production capability OZ/VM SW Orebody BA Orebody Torre Orebody Current Resoures Oz (Koz) 105 106 78 TORRE OREBODY Distance from Infrastructure (m) 30 50 80 SW OREBODY Target (Recovered)
Slide 26: Faina Target Potential
Faina Target Potential Deepest Drill Intercept* 10.2gt Au over 9.7m (True-width unknown) Category Contained OZ Au (000) Fania Target Potential Measured 17 •Potential Target 35 koz/yr at 600 t/day, 6 g/t, 85% plant recovery •Add flotation circuit and autoclave. Use existing plant capacity for remaini
Slide 27: Turmalina Mine Grade X Thickness Long Section with Planned 2020 Drilling
Turmalina Mine Grade X Thickness Long Section with Planned 2020 Drilling TSX:JAG | 27
Slide 28: Turmalina Ore Bodies and Exploration Potential
Turmalina Ore Bodies and Exploration Potential Longitudinal Section from Turmalina Turmalina Mineral Rights Hanging Wall Location Map Exploration targeting down-plunge • Search Space on Orebody C Structure has extensions to extend life and along >1.5M strike of host structures to add Oz/Vm • Endowme
Slide 29: Location Infill Drilling Impacts on Grade x Thickness Projection
LOCATION INFILL DRILLING IMPACTS OREBODY A, OREBODY C-SE AND C-CENTRAL ON GRADE X THICKNESS PROJECTION. Location Infill Drilling Impacts Orebody A, Orebody C-SE & C-Central on Grade x Thickness Projection TSX:JAG | 29
Slide 30: Qualified Persons
Qualified Persons For further information please contact: Qualified Persons Scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, BSc (Hons) (Economic Geology - UCT), Senior Expert Vernon Baker Advisor Geology and Exploration to