CA - Jaguar Mining: A Rough Start To The Year
2024-04-15 09:31:37 ET
Summary
- Jaguar Mining has consistently missed its production guidance over the past three years, and 2024 isn't off to a great start.
- Fortunately, its leverage is working in its favor this year, with all-in-sustaining cost margins set to nearly double at a ~$2,200/oz gold price assumption.
- In this update, we'll dig into its Q1 and FY2023 results and how the stock looks from a valuation standpoint after its recent rally.
The Q1 earnings season is roughly two weeks away, and many producers have reported their year-end 2023 results and preliminary Q1 results. One of the most recent companies to report its Q1 operational results was Jaguar Mining ( JAGGF ) and, true to form, it was another massive disappointment. Not only did production dip 11% year-over-year against easy comparisons, but it was the weakest quarter for the company in over five years, with a consistent downtrend in output. On a positive note, this trend is expected to come to a halt, and we may have just seen through production, with Jaguar excited to bring the Faina deposit (Turmalina Mine) online later this year. In this update, we'll dig into the FY2023 and Q1 2024 results, recent developments, and how the stock looks from a valuation standpoint after its recent rally....
Jaguar Mining: A Rough Start To The Year