Jaguar Mining’s Gold Production on the Rise

Jaguar Mining (TSE:JAG) has released an update.

Jaguar Mining Inc. has reported a promising increase in gold production, achieving 17,244 ounces in the second quarter of 2024, marking a 7% improvement from the previous quarter and a 3% rise from the same quarter last year. The production boost included a notable contribution from the newly operational Faina project. The firm’s financial health also appears robust, with a significant 42% jump in cash reserves to $37.4 million, underpinned by higher gold prices and profitable sales.

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