{"id":1184174,"date":"2020-05-13T14:00:34","date_gmt":"2020-05-13T19:00:34","guid":{"rendered":"https:\/\/www.mining.com\/?p=1023708"},"modified":"2020-05-13T14:00:34","modified_gmt":"2020-05-13T19:00:34","slug":"jaguar-gold-production-up-28-in-q1-stock-rises","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1184174","title":{"rendered":"Jaguar gold production up 28% in Q1, stock rises"},"content":{"rendered":"<p>Jaguar Mining (TSX: JAG) <a rel=\"noreferrer noopener\" aria-label=\"reported (opens in a new tab)\" href=\"https:\/\/www.jaguarmining.com\/site\/assets\/files\/2384\/c_-_jag_q1_2020_press_release_v_11_05_2020_450.pdf\" >reported<\/a> on Wednesday that first-quarter gold production increased 28% to 21,008 ounces from 16,365 in the first quarter of 2019.<\/p>\n<div class='ad-slot' id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {    googletag.display('div-gpt-ad-1561499308230-0');    googletag.pubads().addEventListener('slotRenderEnded', function (event) {        if (event.isEmpty) {            var id = event.slot.getSlotElementId();            var x = document.getElementById(id);            if(x == null) return;            if (x.parentElement.classList.contains('ad-slot')) {                x.parentElement.style.display = 'none';            }\t\t\t\t        }    });});<\/script><\/div>\n<p>Net income was listed at $12.3 million, or 2 cents a share, compared to a net loss of $1.8 million, or a penny, in the same period a year ago. Revenue rose 44% to $30.8 million from $21.4 million.<\/p>\n<p>\u201cDuring Q1 2020, we continued improving production numbers as we move toward our sustainable goal of 25,000 ounces per quarter,\u201d said CEO Vern Baker in the media release.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>  &#8220;With the fulfillment of the last option contracts, Jaguar is unhedged\u201d   <\/p>\n<p><cite>Vern Baker, ceo<\/cite><\/p><\/blockquote>\n<\/figure>\n<p>\u201cQ1 2020 is our second quarter in a row with positive free cash flow, and the fourth quarter in a row with increasing ounce production. With the fulfillment of the last option contracts, Jaguar is unhedged.\u201d   <\/p>\n<p>Baker added that Pilar Gold mine&nbsp;in the state of Minas Gerais Brazil <a href=\"https:\/\/www.mining.com\/jaguars-pilar-mine-achieves-record-production\/\"  rel=\"noreferrer noopener\" aria-label=\"had its highest production quarter (opens in a new tab)\">had its highest production quarter<\/a> on record at 11,521 ounces. <\/p>\n<p>&#8220;Turmalina gold mine production was consistent with the prior quarter at 9,487 ounces., and development rates are sufficient to see the augmentation of production in the second half of the year.&#8221;<\/p>\n<p>Midday Wednesday, Jaguar\u2019s stock was up 6.5% on the TSX. The company has a C$235 million market capitalization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Net income was listed at $12.3 million compared to a net loss of $1.8 million in the same period of 2019.<\/p>\n","protected":false},"author":110,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1184174"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1184174"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1184174\/revisions"}],"predecessor-version":[{"id":1184175,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1184174\/revisions\/1184175"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1184174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1184174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1184174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}