# Jaguar Mining Inc. (TSX:JAG)

> Jaguar Mining is committed to creating sustainable value for stakeholders through best mining practices while protecting the health and well-being of employees, the environment, and communities.

## About

Jaguar Mining is committed to creating sustainable value for stakeholders through best mining practices while protecting the health and well-being of employees, the environment, and communities. The company aims to be recognized for sustainable production growth, excellence, and employee development.

## Key facts

- **Cash position:** $52 million
- **Shares outstanding:** 85,261,125
- **Fully diluted shares:** 87,144,631
- **Warrants:** 0
- **Options:** 715,835
- **Mineral resource:** In September 2023, Jaguar acquired the Onças de Pitangui project from IAMGOLD. The project is located approximately 110 kilometres northwest of the city of Belo Horizonte in Minas Gerais State, Brazil, and it comprises mineral exploration licenses and license applications covering the Archean-aged Pitangui greenstone belt, located near the Company’s MTL Complex in the Iron Quadrangle. Gold mineralization is hosted by a series of parallel and complexly-folded horizons of banded iron formation (BIF) separated by mafic volcanic and minor sedimentary units within the lower greenstone belt stratigraphy. Within the iron formations, gold mineralization is associated with sulphide replacement of primary magnetite bands, characterized by the presence of pyrrhotite and lesser amounts of arsenopyrite, pyrite, and chalcopyrite. Drilling to date has identified two main mineralized horizons, referred to as “Biquinho” and “Pimentao”, which occur approximately 100 metres apart vertically.
- **Projects:** ["## MTL Complex\n\nThe MTL Complex includes the Turmalina gold mine and processing plant, three satellite deposits (Faina, Pontal, and Zona Basal), and the Onças de Pitangui Project and is located 110 kilometres west of the city of Belo Horizonte.\n\n## Turmalina Mine\n\nTurmalina is an underground gold mine that predominantly utilizes sub-level stoping as a mining method. Backfilling is completed using loose rockfill or cemented paste depending upon the situation. The Turmalina mine consists of several zones grouped into four orebodies - Orebodies A, B, and C. Two other individual deposits, Faina and Pontal, are located along strike to the northwest.\n\nThe Turmalina processing plant is onsite, has a 3,000 tonnes per day grinding capacity, and is located within 200 metres of the C-zone portal.\n\n## Faina Zone\n\nFaina is a new underground ore body located just west of the Turmalina mine within the MTL Complex. Lateral development reached the Faina ore body at the end of 2023 and first tonnage milled occurred in the second quarter of 2024. The incremental production from Faina will fill existing capacity and increase the throughput of the processing facility at the MTL complex.","## Caeté Complex\n\nThe Caeté Complex is located 50 kilometers east of the city of Belo Horizonte and includes the Pilar gold mine, the Caeté processing plant and the Roça Grande gold mine. The Roça Grande gold mine was placed on care and maintenance in 2018.\n\n## Pilar Mine\n\nPilar is an underground mine that predominantly utilizes sub-level stoping as a mining method. Backfilling is completed using loose rockfill. The main ore block is in a fold structure of banded iron formation and has been developed to the 16 level and appears to extend to depth. This area provides the majority of the mine’s production, with 15 to 25% of production provided by the Southwest Zone from higher levels in the mine (ranging from levels 2 through 9).\n\nOre from Pilar is processed at the 2,000 tonnes-per-day Caeté processing plant, which is located approximately 40 kilometres from Pilar.\n\n## BA Zone\n\nThe BA zone was newly rediscovered at depth in late 2022 and is a growing high-grade zone at the Pilar mine. The Company has progressed access development on five sub-levels and in the second quarter of 2024 the Pilar mine began to benefit from higher grades and incremental production contributed from this new BA zone, a trend that is expected to continue going forward.\n\n## Roça Grande Mine\n\nThe Roça Grande gold mine was placed on care and maintenance in 2018. The mine is adjacent to, and was the initial source of ore feeding, the Caeté plant.","## Onças de Pitangui Project\n\nIn September 2023, Jaguar acquired the Onças de Pitangui project from IAMGOLD. The project is located approximately 110 kilometres northwest of the city of Belo Horizonte in Minas Gerais State, Brazil, and it comprises mineral exploration licenses and license applications covering the Archean-aged Pitangui greenstone belt, located near the Company’s MTL Complex in the Iron Quadrangle.\n\nGold mineralization is hosted by a series of parallel and complexly-folded horizons of banded iron formation (BIF) separated by mafic volcanic and minor sedimentary units within the lower greenstone belt stratigraphy. Within the iron formations, gold mineralization is associated with sulphide replacement of primary magnetite bands, characterized by the presence of pyrrhotite and lesser amounts of arsenopyrite, pyrite, and chalcopyrite. Drilling to date has identified two main mineralized horizons, referred to as “Biquinho” and “Pimentao”, which occur approximately 100 metres apart vertically."]
- **Leadership:** Luis Albano Tondo (Chief Executive Officer, Accomplished executive with over 35 years of experience in the mining industry, having worked at C-levels across Operations, Capital Projects, and Corporate Development.), Daniel Karrqvist (Chief Financial Officer, Seasoned CFO with 20 years of international experience across mining, metals, agribusiness, and private equity-backed environments.), Eric Duarte (Vice President Operations, Executive with over 20 years of experience in the international mining industry, focusing on operations and project management.), Juliana Esper (Vice President Sustainability, Executive with more than 30 years of experience in the mining industry, specializing in sustainability and socio-environmental programs.), Naomi Nemeth (Vice President, Investor Relations, Investor Relations professional with over 25 years of experience in the mining industry and senior management roles.), Carla Moura Tavares (Vice President Corporate Affairs, Responsible for corporate functions with a focus on governance and stakeholder engagement, with over 20 years of experience in the mining sector.)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2026-05-19 — other — [jag_2026-05-19_09-49-47.pdf](https://chat.orbiton.app/jaggf/preview/51317?documentId=51317)
- 2026-05-15 — proxy — [jag_2026-05-15_08-49-42.pdf](https://chat.orbiton.app/jaggf/preview/51040?documentId=51040)
- 2026-05-15 — proxy — [jag_2026-05-15_08-49-11.pdf](https://chat.orbiton.app/jaggf/preview/51041?documentId=51041)
- 2026-05-13 — press_release — [jag_2026-05-13_20-17-02.pdf](https://chat.orbiton.app/jaggf/preview/50483?documentId=50483)
- 2026-05-13 — financials — [jag_2026-05-13_20-02-25.pdf](https://chat.orbiton.app/jaggf/preview/50481?documentId=50481)
- 2026-05-13 — financials — [jag_2026-05-13_20-02-24.pdf](https://chat.orbiton.app/jaggf/preview/50482?documentId=50482)
- 2026-04-20 — press_release — [Jaguar Mining Inc. Reports First Quarter 2026 Operating Results](https://chat.orbiton.app/jaggf/preview/28761?documentId=28761)
- 2026-04-02 — press_release — [jag_2026-04-02_08-44-06](https://chat.orbiton.app/jaggf/preview/25273?documentId=25273)

## Investor FAQ

### [Latest News?](https://chat.orbiton.app/jaggf/faq/latest-news)

Not disclosed in available filings.

### [Projects Overview](https://chat.orbiton.app/jaggf/faq/projects-overview)

Jaguar Mining operates the MTL Complex, which includes the Turmalina gold mine and processing plant, as well as the Onças de Pitangui Project. The Caeté Complex features the Pilar gold mine and the Caeté processing plant, while the Roça Grande gold mine is currently on care and maintenance. The Faina Zone is a new underground ore body within the MTL Complex, with first tonnage milled expected in the second quarter of 2024.

## Live AI chat

- https://chat.orbiton.app/jaggf/chat
- Investor website: https://www.jaguarmining.com/