- Jaguar Mining released its Q3 results last week, reporting quarterly production of ~22,600 ounces of gold, a 6% decline from the year-ago period.
- The good news is that operations have finally begun to improve with vaccination rates increasing, and the company managed to generate free cash flow in the period.
- The bad news is that inflationary pressures are hitting operations, with cash costs and all-in sustaining costs soaring year-over-year, with Jaguar not in a great position to mitigate these headwinds.
- At a market cap of ~$290 million, Jaguar remains reasonably valued, but I believe there are much better ways to play the sector.
For further details see:
Jaguar Mining: Inflationary Pressures Overshadow Better Performance In Q3