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The Q1 Earnings Season was one of the best to date for the gold sector, with most miners reporting solid free cash flow generation and $600/oz plus all-in sustaining cost margins. Unfortunately, Jaguar Mining (OTCQX:JAGGF) struggled to generate free cash flow and gold production is once again tracking behind annual guidance. However, we’re now less than one month away from the much-awaited Q2 Earnings Season and while Jaguar expects to see another soft production quarter in Q2, we should see significantly improved margins and solid free cash flow generation, helped by the weakening of the Brazilian Real.
In this update we’ll dig into the Q1 results, recent developments and whether Jaguar is trading near a buy zone after its recent multi-week correction.
Pilar Mine Mineralization – Company Website
All figures are in United States Dollars unless otherwise noted. G/T = grams per tonne (of gold or…
