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Jaguar Mining Reports 5% Rise In First-Quarter Output

Kitco News

Jaguar Mining Inc. (TSX: JAG) reports first-quarter gold production of 22,291 ounces, up 5% year-on-year. “In particular, strong operating performance at Pilar resulted in an 86% increase in gold production to 8,485 ounces, and a 17% improvement in grade to 3.39 g/t (grams per tonne) compared to Q1 2016,” says Rodney Lamond, president and chief executive officer. “Pilar’s strong performance reflects the advancing of ore development (614 meters) into the high-grade Orebodies BF and BFII.” The Turmalina Gold Mine produced 12,736 ounces of gold, lower than the first quarter of this year and fourth quarter, due to lower throughput and grade, the company says. “Turmalina’s mining activities in a high-grade section of Orebody A were temporarily interrupted during the quarter due to ground control rehabilitation,” Lamond says. “We are confident that a revised mining schedule at Turmalina will recover the gold production shortfall during the second quarter.”

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