Jaguar Mining Inc. · TSX:JAG
Jaguar Mining — Precious Metals Summit Beaver Creek 2023
22 slides from Jaguar Mining's conference presentation, September 2023
Slide 1: Precious Metals Summit Beaver Creek
TSX:JAG OTCQX:JAGGF Precious Metals Summit Beaver Creek September 2023 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation (“Presentation”) does not constitute an offer of any securities for sale or a solicitation of an offer to purchase any securities . This Presentation, and the information contained herein, is not for release, distribution or publication into or in the Uni
Slide 3: Why Invest in Jaguar?
WHY INVEST IN JAGUAR? LONG TERM PRODUCER VALUABLE ASSET BASE ORGANIC GROWTH PLAN 3
Slide 4: Long Term Producer
LONG TERM PRODUCER • Continuous production since 2006. • Cost-effectively replaced Reserves. • The Company has reinvested into an extensive asset base and pays dividends opportunistically. • Jaguar is debt free and has a strong cash balance. 4
Slide 5: Financial History – Three Eras
FINANCIAL HISTORY – THREE ERAS Quarterly, xUS$1M Cash from Ops Capex Cash from Ops - Capex • Jaguar Mining is now almost 20 $30 years old. $20 • The first ten years, as operated under former management, was $10 marked by poorly executed growth. $0 • Following that, the Company was reorganized under
Slide 6: Valuable Asset Base
VALUABLE ASSET BASE • ~$800M capital invested. • With this, the Company has built and still owns four mines and three mills. • Jaguar has processing capacity of ~6000 tpd and is currently using 40% of this. • The Company’s land position in the prolific Iron Quad remains intact and underexplored. 6
Slide 7: Our Assets: Three Mills, Four Mines
OUR ASSETS: THREE MILLS, FOUR MINES MTL COMPLEX CAETÉ COMPLEX PACIÊNCIA COMPLEX* TURMALINA MINE PILAR MINE RG MINE* SANTA ISABEL MINE* * Currently on Care & Maintenance. 7
Slide 8: Investing in Growth
INVESTING IN GROWTH 3 YEAR OPERATING PROFILE US$M Increase Decrease Total 164.5 REINVESTMENT & RETURN TO SHAREHOLDERS 94.7 (80.7) (38.5) 25.2 10.9 (29.6) (1.4) Cash Operating Sustaining Free Exploration Dividends Other Cash Jan 1/20 CF CF CF & Growth Dec 31/22 8
Slide 9: Organic Growth Plan
ORGANIC GROWTH PLAN • Jaguar’s mines are already built and permitted. • Our plan going forward is to source fresh mill feed, both through exploration on our land and potential arrangements with neighbours to fill our mills. • Returns on marginal increases in throughput, given fixed-cost nature, are
Slide 10: Production + Investment in Development
PRODUCTION + INVESTMENT IN DEVELOPMENT Ozs/qtr QUARTERLY PRODUCTION DATA 30 Pilar Turmalina 25 • Since 2018 the Company has 20 produced on average 20k 15 ozs/qtr. 10 • This production has varied 5 between 16-24k ozs/qtr. 0 2018 2019 2020 2021 2022 m • Q1's tend to be weaker than 3500 DEVELOPMENT MET
Slide 11: Steady, Reliable Reserve Replacement
STEADY, RELIABLE RESERVE REPLACEMENT MINERAL RESERVES Years of Reserves/Annual Production 8 +27% since 2015 net of 685koz of production 7 • Jaguar’s operations exploit 6 underground deposits of a non- 5 bulk tonnage nature. 4 3 • As such, it is uneconomic to drill 2 out years and years of reserves.
Slide 12: Resource Inventory Keeps Pace with Reserves
RESOURCE INVENTORY KEEPS PACE WITH RESERVES MEASURED, INDICATED AND INFERRED MINERAL RESOURCES +21% since 2015 net of 685koz of production Koz • Since 2015, Jaguar’s Mineral 2700 Resources Inventory (inclusive of 2500 Mineral Reserves) has maintained a 2300 4-5 year Mine Life at current 2100 product
Slide 13: Plus an Extensive Land Package (57k ha)
PLUS AN EXTENSIVE LAND PACKAGE (57k ha) Pitangui Project São Sebastião Resource 0.9 Moz LEGEND 13
Slide 14: Growth: Faina Project
GROWTH: FAINA PROJECT • Faina accessed from existing mine complex expected in Q4 2023 • Minimal permitting required. 14
Slide 15: IAMGOLD Brazil Acquisition
IAMGOLD BRAZIL ACQUISITION LEGEND Pitangui Project São Sebastião Resource 0.9 Moz Combined JAG land position 100% 57 kHa 15
Slide 16: IAMGOLD Brazil Acquisition – Deal Structure
IAMGOLD BRAZIL ACQUISITION – DEAL STRUCTURE • Acquired the Pitangui Project and remaining interest in the Acurui Project in Brazil from IAMGOLD. Pitangui Project • $9M in stock plus $80/per ounce for the first 250koz São Sebastião produced. Resource • A 1.5% royalty after the first 250koz produced.
Slide 17: AngloGold Ashanti CPA Non-Cash Royalty Exchange
ANGLOGOLD ASHANTI CPA NON-CASH ROYALTY EXCHANGE Pitangui Project São Sebastião Resource 0.9 Moz LEGEND 17
Slide 18: Where the Additional Millfeed Will Come From
WHERE THE ADDITIONAL MILLFEED WILL COME FROM Continuous +100k OZ +125k OZ +140k OZ Production Faina Project Pitangui Project Roca Grande Turmalina Mine Zona Basal Corrego Brandão Pilar Mine Paciência ++ADDITIONAL UPSIDE/EXPLORATION In Mine - New projects Infrastructure is available for growth 18
Slide 19: Upcoming Catalysts
UPCOMING CATALYSTS H1 H2 2024 2025 2023 2023 • Initial mining and ✓ • Updated MRMR production Faina ✓ • Maiden Resource Estimate at Zona • In mine exploration results Pilar • • Progress Zona Basal Obtain trial mine • Progress Pitangui / Paciência / Roca Basal Grande towards • Turmalina / Faina / lic
Slide 20: No Debt, Self Funded Growth
NO DEBT ‘FUNDED a Lang NAN ~~ GROWT
Slide 21: Contact Us
CONTACT US TORONTO First Canadian Place 100 King Street West, 56th Floor Toronto, Ontario M5X 1C9 T: 416 847-1854 BRAZIL Jaguar Mining Inc. R. Andaluzita, 131 - 7th floor 30310-030 Belo Horizonte - Minas Gerais T: +55 31 3232-7101 TSX:JAG | OTCQX:JAGGF
Slide 22: Reserves and Resources (as at Dec. 31, 2022)
RESERVES AND RESOURCES (as at Dec. 31, 2022) PROJECT TONNAGE AU GRADE CONTAINED AU Kt g/t Koz Pilar 1,961 3.81 240 P&P Turmalina 1,855 3.58 214 Total 3,816 3.70 454 Pilar 3,013 4.34 421 Roça Grande 962 3.90 121 Turmalina 3,643 4.13 483 M&I Faina 1,427 5.08 233 Pontal 410 4.72 62 Total 9,455 4.34 1,3
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