JAGGF - Jaguar Mining: Another Tough Quarter In Q2
- Jaguar Mining released its preliminary Q2 results last month, reporting gold production of ~20,200 ounces, a 14% decrease from the year-ago period.
- Unfortunately, production was impacted by COVID-19 related headwinds for Q2 as well, but things seem to be looking up as we head into Q3.
- Based on ~38,000 ounces of production in H1, it's likely we'll get a guidance cut in the Q2 financial results, though this looks mostly priced into the stock.
- After a 55% decline in the stock, the worst looks to be over, and I would view Jaguar as a Speculative Buy below US$4.00 from a trading standpoint.
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Jaguar Mining: Another Tough Quarter In Q2