JAGGF - Jaguar Mining says gold production rose 9% to 18.2k oz in Q1

2023-04-11 11:26:21 ET

• Jaguar Mining ( OTCQX:JAGGF ) said Tuesday its total gold production rose 9% to 18,155 ounces for the first quarter of 2023 compared to 16,663 oz for the same period last year.
• The company sold 19,008 oz gold in Q1 vs 16,507 last year.
• Q1 tonnes milled rose to 206,000 t vs 184,000 t last year.
• Q1 Pilar gold production increased 9% to 9,897 oz vs 9,082 oz a year ago.
• Q1 Turmalina gold production rose 9% to 8,258 oz  compared to 7,581 oz.
• Q1 total development drilling of 2,880 meters, up 10%.
• Total definition, infill and exploration drilling for the quarter was 9,655 meters, down 63%.
• Cash at the end of the quarter was $25.8 million, up slightly from its year-end cash position of $25.2 million.
• Guidance for FY23 is unchanged with gold production expected to be between 84,000 to 88,000 oz at an AISC of $1,275 to $1,375 per oz.
• Press Release .

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