on Jaguar Mining, Inc. (isin : CA47009M8896)
Jaguar Mining Q1 2025 Financial Report
Jaguar Mining Inc. announced its financial results for the first quarter of 2025, highlighting a significant operational shift as the company operated solely with its Pilar mine. The Turmalina mine is temporarily suspended due to a December 2024 incident.
Gold production from the Pilar mine reached 9,924 ounces, a notable decline from 16,177 ounces the previous year with both mines operational. Nevertheless, an increase in the average head grade partly offset the reduced ore throughput.
Revenue was $27.3 million, down from $32.6 million in 2024. Despite lower sales, higher gold prices mitigated the revenue drop. Operating costs decreased to $10.5 million, aided by the suspension of Turmalina operations.
The company posted a net loss of $1.6 million, contrasting with a $2.8 million income in Q1 2024. Cash reserves stood at $40.3 million, reflecting strategic payments including environmental liabilities and debt repayment.
CEO Vern Baker remains optimistic despite challenges, highlighting resilience at Pilar and ongoing efforts to safely restart the Turmalina mine.
R. E.
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