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Jaguar Mining 1Q gold production rises 28% from year ago

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(Kitco News) - Jaguar Mining Inc. (TSX: JAG) mined the most gold in the first quarter since the fourth quarter of 2017, the company said Monday.

The company listed consolidated production of 21,008 ounces, up 28% from 16,365 in the first quarter of 2019. The Pilar mine set a new production record with 11,521 ounces, which was a gain of 30% from 8,840 ounces in the year-ago period. Output at Turmalina was 9,486 ounces, a year-on-year increase of 26% from 7,525 ounces. Both mines are in Brazil.

“We operated for most of March under our own COVID-19 action plan, which is currently allowing us to move forward with the majority of our 2020 plans intact,” said  Vern Baker, chief executive officer. “It is a flexible plan that has and will continue to allow us to adapt to the day-to-day changes that the overall pandemic is demanding of our communities and operations.”

The CEO also reported improvements in ore grade. At Turmalina, the head grade increased 10% with an average head grade of 4.37 grams of gold per metric ton, compared to 3.96 g/t a year ago, as the company restarted to mine ore body A, Jaguar reported.

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