Jaguar Mining Reports Strong Financial and Operational Results in Q1 2026

In its Q1 2026 financial and operational results, Jaguar Mining Inc. reported a significant boost in profitability. The improvement was fueled by record gold prices and a stable performance at the Pilar Mine. The company also completed the regulated restart of the MTL Complex (Turmalina).

Jaguar's adjusted net income reached $10.3 million, translating into $0.12 per share. Revenue soared to $44.6 million, marking a 63% increase from Q1 2025. This growth was supported by a 71% rise in the average realized gold price to $4,875 per ounce.

The consolidated gold production for Q1 was 9,630 ounces, including a significant contribution from the Pilar Mine and the initial production phase at the MTL Complex. The company also generated $10.1 million in free cash flow, strengthening its cash position to $71.2 million.

Notably, Jaguar maintained normalized cash operating costs of $1,565 per ounce, with all-in sustaining costs at $2,412 per ounce, excluding non-recurring expenses.