(Kitco News) – Jaguar Mining (TSX:JAG) right now introduced that its annual consolidated gold manufacturing for 2020 elevated 23% with 91,116 ounces in comparison with 2019 manufacturing of 74,083 ounces.
The firm mentioned that annual manufacturing was within the higher half of the 2020 manufacturing steerage of 84,000 to 94,000 ounces of gold regardless of a “…tumultuous yr dominated by the COVID-19 pandemic”.
Each Jaguar Mining’s mines noticed vital enchancment from 2019 manufacturing ranges with Pilar up 25% and Turmalina up 20%. This fall 2020 consolidated gold manufacturing elevated 12% to 22,532 ounces, in comparison with This fall 2019 manufacturing of 20,029 ounces.
The firm added that its treasury place as of December 31, 2020, with money of $39 million in comparison with money of $11 million on December 31, 2019 and $39 million on September 30, 2020, “…demonstrating continued era of free money circulation”.
President and CEO Vern Baker said, “The outcomes for the yr show an distinctive flip round for Jaguar applied by our mining groups in Brazil. In 2021 we count on to make additional strides and attain our goal of 100,000 sustainable ounces produced per yr. The quarterly outcomes proceed sturdy for Pilar, whereas Turmalina´s fourth quarter gold manufacturing was under our expectations.”
“Our steerage for manufacturing efficiency for FY 2021 is 95,000-105,000 ounces. We count on the All-in-Sustaining-Prices for 2021 to be inside the vary of $975 to $1,125 per ounce, using a international alternate price of R$5.2 for the Brazilian Actual versus the US greenback,” continued Baker.
Jaguar Mining is a Canadian-listed junior gold mining, growth, and exploration firm working in Brazil.
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