JAGGF - Jaguar Mining: Inflationary Pressures Weigh On Investment Thesis
- Jaguar Mining released its Q2 financial results last week, reporting revenue of $36.3 million, a 15% decline from the year-ago period.
- This was driven by lower production and gold sales, offset by a slightly higher average realized gold price.
- After a 58% decline from its highs, Jaguar Mining's valuation has improved considerably, and the stock has become very reasonably valued below US$4.00.
- However, given the likely dividend cut and inflationary headwinds that could persist for a while, I have taken the stock off my Speculative Buy list.
For further details see:
Jaguar Mining: Inflationary Pressures Weigh On Investment Thesis