An announcement from Jaguar Mining ( (TSE:JAG) ) is now available.
Jaguar Mining reported its financial results for the fourth quarter and full year 2024, highlighting the impact of a significant incident at its MTL complex, which led to a temporary suspension of operations at the Turmalina mine. Despite this setback, the company achieved increased revenues due to higher gold prices and managed to maintain strong financial health through effective cost management and favorable exchange rates. The incident resulted in a net loss for the quarter, but adjusted net income was positive when excluding specific expenses. The company is actively working to resume operations safely and continues to demonstrate resilience in challenging circumstances.
More about Jaguar Mining
Jaguar Mining Inc. is a mining company primarily focused on the gold industry. The company is engaged in the production and exploration of gold, with operations centered in Brazil. Jaguar Mining is listed on the Toronto Stock Exchange and the OTCQX, reflecting its market presence and focus on gold production.
YTD Price Performance: 21.45%
Average Trading Volume: 48,093
Technical Sentiment Signal: Buy
Current Market Cap: $159.6M
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