JAGGF - Jaguar Mining: Costs Soar In Q1 With Production Well Below Guidance
- Jaguar Mining released its Q1 results last week and reported quarterly gold production of ~18,200 ounces at all-in sustaining costs of $1,296/oz.
- This was a disappointing start to the year for the company due to COVID-19-related headwinds, with production tracking well below FY2021 guidance of ~100,000 ounces.
- Given the sharp correction we've seen, Jaguar is now more reasonably valued, trading at a free cash flow yield above 11%.
- However, with higher-margin producers with more diversified operations trading at higher free cash flow yields, I see better opportunities elsewhere in the sector.
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Jaguar Mining: Costs Soar In Q1 With Production Well Below Guidance