TORONTO, ON / ACCESSWIRE / May 9, 2024 / Jaguar Mining Inc. (“Jaguar” or the “Company”) (TSX:JAG)(OTCQX:JAGGF) today announced financial results for the first quarter ended March 31, 2024 (“Q1 2024”). All figures are in US Dollars, unless otherwise expressed.
First Quarter Highlights
- Gold production for the quarter was 16,177 ounces with 15,692 gold ounces sold, at cash operating costs¹ of $1,167 per ounce of gold sold and all-in sustaining costs¹ of $1,608 per ounce of gold sold. Realized gold prices were $2,076 per ounce.
- Revenue for the quarter $32.6 million, 9% below revenue in the first quarter of 2023 (“Q1 2023”) driven by lower production and fewer ounces sold which was partly offset by higher realized gold prices.
- Net income for the quarter was $2.8 million ($0.04 per share) and $0.4 million ($0.01 per share) higher than net income in Q1 2023.
- Operating costs for the quarter were $18.3 million compared to operating costs of…
