Jaguar Mining CEO Vernon Baker and VP Exploration & Mine Development Jonathan Hill present at the February 2021 Virtual Investor Day (VID) Conference. Vern outlines the company's key assets in the Minas Gerais province of Brazil, including its two operating mines at Turmalina and Pilar. 2020 was a very successful year for Jaguar, and saw them eliminate virtually all of their debt and produce a steady free cash flow of about $10 - $12M USD per quarter. Jaguar is now paying an attractive dividend to shareholders as a reward for their patience as the company has solidly turned themselves around from some struggles in years past.
Jaguar is confident that moving forward they can produce a steady 100,000 ounces of gold per year, and current all-in sustaining costs (AISC) are around $1,100 USD / ounce. The company is unhedged against the price of gold and forex exposure and intends to continue to remain unhedged moving forward. Jaguar is putting a major focus on exploration and resource expansion to ensure the company has the reserves to continue to operate sustainably moving forward. Notably, the company's exploration work at their Corrego Brandao and Zona Basal targets has returned very encouraging initial drill results which were reported recently. Both of these areas feature shallow intercepts of relatively high grade gold. Exploration work is ongoing and Jaguar has doubled their exploration budget in 2021 vs. 2020 to ensure they can be properly worked. Importantly, the Corrego Brandao target is close to Jaguar's third mill at Caete, which is currently in care and maintenance and looking for feed.
00:00 - Presentation: Company Overview with Vern Baker
14:00 - Presentation: Discussion on Exploration Activities
36:13 - Q&A Session
Jaguar Mining is a junior gold production, development and exploration company focused on gold in the Iron Quadrangle of the Minas Gerais province of Brazil. The Iron Quadrangle (IQ) is a prolific greenstone belt that has been continuously mined for the last 300 years. The IQ is considered the 3rd most endowed greenstone belt in the world, behind the much more well known and well explored Abitibi greenstone belt in Canada. Jaguar has two active mining operations in the IQ: Pilar and Turmalina (both with mills running substantially below capacity with room for growth), as well as the Pacienca mining complex which is currently in care & maintenance. Jaguar enjoys strong institutional support in its share structure: billionaire gold investor Eric Sprott owns just under 50% of the company, with other notable shareholders including Sprott Asset Management, Wolverine Asset Management and Coast Capital.
Jaguar currently trades on the Toronto Stock Exchange, symbol TSX: JAG.
For more information on the company, visit their website at: [ Ссылка ]
You can contact Jaguar Investor Relations via E-mail at: joanne.jobin@jaguarmining.com
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Originally filmed on February 18th, 2021
