Jaguar Mining Reports Strong Financial Results in Q3 2025

Jaguar Mining Inc., a Toronto-based mining company, disclosed its third-quarter 2025 financial results, underscoring a solid performance driven by high gold prices and consistent output from its Pilar mine. During the quarter, all operations came solely from the Pilar mine, as the Turmalina mine remains closed for rehabilitation after material slumping at its facility.

Gold production amounted to 10,002 ounces, down from 16,912 ounces last year due to Turmalina's suspension. Despite reduced production, the average realized gold price surged 40% to $3,465 per ounce, helping to offset the reduced sales volume.

Jaguar's revenue totaled $34 million, a slight decrease from $38.9 million the previous year. Yet, net income rose significantly to $13 million, aided by unrealized gains and expense reversals. Additionally, free cash flow more than doubled, reaching $8.2 million.