{"success":true,"data":{"pressRelease":{"id":"88865","rtpr_id":"nACS6TXlza","ticker":"JAG","exchange":"TSX","all_tickers":["JAG"],"title":"Jaguar Mining Reports Solid Q2 2026 Results: Production Grows 19% Driven by the Turmalina Mine Ramp-up & Consistent Pilar Mine Performance","author":"ACCESSWIRE","published_at":"2026-07-15T11:00:08.147Z","article_body":"- Consolidated gold production of 13,057 ounces - Turmalina mine contributes\n31% in its first full quarter since restart; cash position strengthens to\nUS$74.8 million\n\nTORONTO, ON / ACCESS Newswire (https://www.accessnewswire.com/) / July 15,\n2026 / Jaguar Mining Inc. Jaguar (the \"Company\") (TSX:JAG) is pleased to\nannounce its operating results for the second quarter of 2026. These results\ndemonstrate the Company's ongoing commitment to resilient and strategic\noperations, with continued progress towards safe and sustainable practices at\nthe Turmalina mine and the Pilar mine. Full financial results for the quarter\nwill be reported and filed on SEDAR+ in mid-August. All figures are in US\nDollars, unless otherwise expressed.\n\nSecond Quarter 2026 Operating Highlights\n*\nConsolidated gold production: Total gold production reached 13,057 ounces in\nQ2 2026, comprising 9,063 ounces from the Pilar mine and 3,994 ounces from the\nTurmalina mine. This represents a 19% increase compared to the 10,973 ounces\nproduced in Q2 2025, when production was derived exclusively from Pilar\n(10,731 ounces) and 242 ounces from a metallurgical test of the Faina orebody\n(within the Turmalina mine). Quarterly production also exceeded guidance and\nbudget expectations by 306 ounces. A key milestone during the quarter was the\nsuccessful ramp-up of the Turmalina mine following its restart, contributing\napproximately 31% of consolidated production and re-establishing an important\nsource of gold production for the Company.\n*\nPilar mine performance: The Pilar mine produced 9,063 ounces of gold, from\n96,020 tonnes processed, with an average head grade of 3.30 g/t Au and\nrecovery of 89%. This compares to 10,731 ounces produced in Q2 2025 from\n92,846 tonnes processed at an average head grade of 4.04 g/t Au. The quarter\nwas characterized by higher ore throughput and lower average head grades,\nreflecting increased contributions from development ore and lower stoping\nvolumes. During the quarter, the mine also advanced initiatives to increase\nmining flexibility, including the incorporation of additional mining faces and\nongoing ventilation improvements, supporting access to new production areas\nand improving operational reliability for the second half of the year.\n*\nTurmalina mine performance: The Turmalina(1) mine produced 3,994 ounces of\ngold from 50,190 tonnes processed, at an average head grade of 2.94 g/t Au and\na recovery of 84%, as mining and processing activities continued to ramp up\nsuccessfully following the restart of operations in early March 2026. Ore\nprocessed during the period was sourced 90% from orebodies B and C and 10%\nfrom the Faina orebody, with the strong recovery performance supported by the\nbetter-than-expected results from Faina ore, which achieved approximately 70%\nrecovery. Additional ore from Faina continued to be stockpiled for increased\nprocessing in Q3 2026, improving operational flexibility and supporting future\nproduction growth. Turmalina contributed approximately 31% of consolidated\ngold production during the quarter.\n\nFootnote 1 - The Turmalina mine is composed of orebodies referred to as A, B,\nC and Faina.\n*\nDevelopment progress: Development remains a key strategic priority at both\noperations as the Company focuses on increasing mining flexibility, expanding\navailable mining areas, and supporting full-year production targets. At the\nPilar mine, 1,165 metres of primary and secondary development were completed\nduring the quarter, with activities focused on critical mine access and\ninfrastructure projects. At the Turmalina mine, 790 metres of development were\ncompleted to support the ramp-up of operations and the opening of additional\nmining areas. These initiatives are expected to improve mine sequencing\nflexibility and support production delivery in the second half of 2026.\n*\nDrilling progress: Jaguar completed 11,203 metres of diamond drilling,\nincluding 5,398 metres at the Turmalina mine and 5,805 metres at the Pilar\nmine(2), in line with plan. Drilling activities remained focused on orebody\ndefinition and mine plan support, targeting the BA and SW zones at Pilar and\norebodies\nB, C and Faina at Turmalina. In the second half of 2026, the Company plans to\nexpand drilling activities to include resource growth targets, supporting\nfuture reserve replacement and long-term production growth.\n*\nStrong cash position: As of June 30, 2026, closing cash totalled $74.8 million\n(and net cash of $68.5 million), up from closing cash of $72.1 million at the\nend of the previous quarter and up from closing cash of $48.3 million as of\nJune 30, 2025. During the quarter, payments and disbursements were made\nrelated to the Satinoco dry-stacked facility incident, including compensation\nto affected families. The Company also benefited from favorable gold prices,\nwhich averaged $4,506 per ounce in the quarter and year-to-date average of\n$4,612 per ounce.\n\n                                                    Q2 2026                                                    Q2 2025                                                \n Quarterly Summary                                  Turmalina            Pilar              Total              Turmalina           Pilar              Total           \n Tonnes milled (t)                                         50,190             96,020             146,210              0                 92,846             92,846     \n Average head grade (g/t)                                  2.94               3.30               3.17                 0                 4.04               4.04       \n Recovery (%)                                              84      %          89      %          88       %           0                 89      %          89      %  \n Gold ounces                                                                                                                                                          \n Produced (oz)                                             3,994              9,063              13,057               242               10,731             10,973     \n Sold (oz)                                                                                                            242               10,744             10,986     \n Development                                               791                1,165              1,955                0                 1,488              1,488      \n Primary (m)                                               440                505                945                  0                 628                628        \n Secondary (m)                                             351                660                1,010                0                 860                860        \n Exploration Development (m)                               0                  0                  0                    0                 0                  0          \n Definition, infill and exploration drilling (m)           5,398              5,805              11,203               0                 5,755              5,755      \n\n\"We delivered a strong quarter, with consolidated production of 13,057 ounces,\nup 19% year-over-year,\" commented Luis Albano Tondo, Chief Executive Officer\nof Jaguar. \"The Turmalina mine contributed 31% of total as it continues its\nramp-up phase. At Pilar, production of 9,063 ounces was supported by higher\nthroughput and strategic investments in development and drilling to expand\nmining flexibility for the second half of the year. Turmalina's performance\nwas a highlight with 3,994 ounces, with stronger-than-expected recoveries from\nthe testing of the material form the Faina deposit. Our financial position\ncontinues to strengthen, with closing cash of $74.9 million, up from $48.3\nmillion a year ago. We remain on track to deliver our full-year guidance in\nthe range of 50,000 to 60,000 ounces, with the investments in development and\ndrilling this quarter laying the groundwork for sustained production growth.\"\n\nFootnote 2 - The Pilar mine is composed by orebodies referred to as BA and SW.\n\n2026 Production Guidance/Outlook\n\nFor 2026, Jaguar Mining forecasts gold production in the range of 50,000 to\n60,000 ounces, driven by the continued strong performance from the Pilar and\nTurmalina mines.\n\nQualified Person\n\nScientific and technical information contained in this press release has been\nreviewed and approved by Luis Albano Tondo, BSc Mining Eng, MEngSc, MBA,\nFAusIMM, who is also CEO and board member of Jaguar Mining Inc. and is a\n\"qualified person\" as defined by National Instrument 43-101 - Standards of\nDisclosure for Mineral Projects (\"NI 43-101\").\n\nThe Iron Quadrangle\n\nThe Iron Quadrangle has been an area of mineral exploration dating back to the\n16th century. The discovery in 1699-1701 of gold contaminated with iron and\nplatinum-group metals in the southeastern corner of the Iron Quadrangle gave\nrise to the name of the town Ouro Preto (Black Gold). The Iron Quadrangle\ncontains world-class multi-million-ounce gold deposits such as Morro Velho,\nCuiabá, and São Bento. Jaguar holds the second largest gold land position in\nthe Iron Quadrangle with over 46,000 hectares.\n\nAbout Jaguar Mining Inc.\n\nJaguar Mining Inc. is a Canadian-listed junior gold mining, development, and\nexploration company operating in Brazil with three gold mining complexes and a\nlarge land package with significant upside exploration potential from mineral\nclaims. The Company's principal operating assets are located in the Iron\nQuadrangle, a prolific greenstone belt in the state of Minas Gerais and\ninclude the MTL complex (Turmalina mine and plant) and Caeté complex (Pilar\nand Roça Grande mines, and Caeté plant). The Roça Grande mine has been on\ntemporary care and maintenance since April 2019. The Company also owns the\nPaciência complex (Santa Isabel mine and plant), which had been on care and\nmaintenance since 2012 and is under review to restart in 2026. Additional\ninformation is available on the Company's website at www.jaguarmining.com.\n\nFor further information please contact:\n\nLuis Albano Tondo\nChief Executive Officer\nJaguar Mining Inc.\ninvestors@jaguarmining.com\n\nJohan Daniel Karrqvist\nChief Financial Officer\ninvestors@jaguarmining.com\n\nNaomi Nemeth\nVice President Investor Relations\ninvestors@jaguarmining.com\n+1 647 882 4257\n\nForward-Looking Statements\n\nCertain statements in this news release constitute \"forward-looking\ninformation\" within the meaning of applicable Canadian securities legislation.\nForward-looking statements and information are provided for the purpose of\nproviding information about management's expectations and plans relating to\nthe future. All of the forward-looking information made in this news release\nis qualified by the cautionary statements below and those made in our other\nfilings with the securities regulators in Canada. Forward-looking information\ncontained in forward-looking statements can be identified by the use of words\nsuch as \"are expected,\" \"is forecast,\" \"is targeted,\" \"approximately,\"\n\"plans,\" \"anticipates,\" \"projects,\" \"anticipates,\" \"continue,\" \"estimate,\"\n\"believe\" or variations of such words and phrases or statements that certain\nactions, events or results \"may,\" \"could,\" \"would,\" \"might,\" or \"will\" be\ntaken, occur or be achieved. All statements, other than statements of\nhistorical fact, may be considered to be or include forward-looking\ninformation. This news release contains forward-looking information regarding,\namong other things, the duration of the temporary suspension of the Company's\nMTL complex in the wake of the slump at its Satinoco dry tailings pile , the\ncost of resuming operations at the MTL complex, the future stability of the\ntailings pile in question and safety of the Turmalina mine, the amount, timing\nand payment terms of any future fines imposed on the Company, as well as any\ncosts and damages arising from any civil or criminal lawsuits, resulting from\nthe tailings pile slump, management's expectations regarding the Company's\nresponse to the tailings pile slump and the Company's recovery and remediation\nefforts at the MTL complex, any information and statements related to expected\ngrowth, sales, production statistics, ore grades, tonnes milled, recovery\nrates, cash operating costs, definition/delineation drilling, the timing and\namount of estimated future production, costs of production, capital\nexpenditures, costs and timing of the development of projects and new\ndeposits, success of exploration, development and mining activities, currency\nfluctuations, capital requirements, project studies, mine life extensions,\nrestarting suspended or disrupted operations, continuous improvement\ninitiatives, and resolution of pending litigation. The Company has made\nnumerous assumptions with respect to forward-looking information contained\nherein, including, among other things, assumptions about the future and\nlong-term stability of the Satinoco tailings pile; there will be no unforeseen\nadverse weather events or other external factors that could delay the\nCompany's recovery or remediation efforts; the current assumptions regarding\nthe extent of the damage and timeline for repairs at the MTL complex remain\naccurate and will not require significant revision as further assessments are\ncompleted; estimated timeline for the development of the Company's mineral\nproperties; the supply and demand for, and the level and volatility of the\nprice of, gold; the accuracy of reserve and resource estimates and the\nassumptions on which the reserve and resource estimates are based; the receipt\nof necessary permits; market competition; ongoing relations with employees and\nimpacted communities; political and legal developments in any jurisdiction in\nwhich the Company operates being consistent with its current expectations\nincluding, without limitation, the impact of any potential power rationing,\ntailings facility regulation, exploration and mine operating licenses and\npermits being obtained and renewed and/or there being adverse amendments to\nmining or other laws in Brazil and any changes to general business and\neconomic conditions. Forward-looking information involves a number of known\nand unknown risks and uncertainties, including among others: the risk of\nJaguar not meeting the forecast plans regarding its operations and financial\nperformance; uncertainties with respect to the price of gold, labour\ndisruptions, mechanical failures, increase in costs, environmental compliance\nand change in environmental legislation and regulation, weather delays and\nincreased costs or production delays due to natural disasters, power\ndisruptions, procurement and delivery of parts and supplies to the operations;\nuncertainties inherent to capital markets in general (including the sometimes\nvolatile valuation of securities and an uncertain ability to raise new\ncapital) and other risks inherent to the gold exploration, development and\nproduction industry, which, if incorrect, may cause actual results to differ\nmaterially from those anticipated by the Company and described herein. In\naddition, there are risks and hazards associated with the business of gold\nexploration, development, mining and production, including environmental\nhazards, tailings dam failures, industrial accidents and workplace safety\nproblems, unusual or unexpected geological formations, pressures, cave-ins,\nflooding, chemical spills, procurement fraud and gold bullion thefts and\nlosses (and the risk of inadequate insurance, or the inability to obtain\ninsurance, to cover these risks). Accordingly, readers should not place undue\nreliance on forward-looking information.\n\nFor additional information with respect to these and other factors and\nassumptions underlying the forward-looking information made in this news\nrelease, see the Company's most recent Annual Information Form and\nManagement's Discussion and Analysis, as well as other public disclosure\ndocuments that can be accessed under the issuer profile of \"Jaguar Mining\nInc.\" on SEDAR+ at www.sedarplus.com. The forward-looking information set\nforth herein reflects the Company's reasonable expectations as at the date of\nthis news release and is subject to change after such date. The Company\ndisclaims any intention or obligation to update or revise any forward-looking\ninformation, whether as a result of new information, future events or\notherwise, other than as required by law. The forward-looking information\ncontained in this news release is expressly qualified by this cautionary\nstatement.\n\nSOURCE: Jaguar Mining, Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/jaguar-mining-reports-solid-q2-2026-results-production-grows-19-driven-by-the-tur-1190311)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACS6TXlza","title":"Jaguar Mining Reports Solid Q2 2026 Results: Production Grows 19% Driven by the Turmalina Mine Ramp-up & Consistent Pilar Mine Performance","author":"ACCESSWIRE","ticker":"JAG","created":"2026-07-15T11:00:08.147Z","tickers":["JAG"],"exchange":"TSX","article_body":"- Consolidated gold production of 13,057 ounces - Turmalina mine contributes\n31% in its first full quarter since restart; cash position strengthens to\nUS$74.8 million\n\nTORONTO, ON / ACCESS Newswire (https://www.accessnewswire.com/) / July 15,\n2026 / Jaguar Mining Inc. Jaguar (the \"Company\") (TSX:JAG) is pleased to\nannounce its operating results for the second quarter of 2026. These results\ndemonstrate the Company's ongoing commitment to resilient and strategic\noperations, with continued progress towards safe and sustainable practices at\nthe Turmalina mine and the Pilar mine. Full financial results for the quarter\nwill be reported and filed on SEDAR+ in mid-August. All figures are in US\nDollars, unless otherwise expressed.\n\nSecond Quarter 2026 Operating Highlights\n*\nConsolidated gold production: Total gold production reached 13,057 ounces in\nQ2 2026, comprising 9,063 ounces from the Pilar mine and 3,994 ounces from the\nTurmalina mine. This represents a 19% increase compared to the 10,973 ounces\nproduced in Q2 2025, when production was derived exclusively from Pilar\n(10,731 ounces) and 242 ounces from a metallurgical test of the Faina orebody\n(within the Turmalina mine). Quarterly production also exceeded guidance and\nbudget expectations by 306 ounces. A key milestone during the quarter was the\nsuccessful ramp-up of the Turmalina mine following its restart, contributing\napproximately 31% of consolidated production and re-establishing an important\nsource of gold production for the Company.\n*\nPilar mine performance: The Pilar mine produced 9,063 ounces of gold, from\n96,020 tonnes processed, with an average head grade of 3.30 g/t Au and\nrecovery of 89%. This compares to 10,731 ounces produced in Q2 2025 from\n92,846 tonnes processed at an average head grade of 4.04 g/t Au. The quarter\nwas characterized by higher ore throughput and lower average head grades,\nreflecting increased contributions from development ore and lower stoping\nvolumes. During the quarter, the mine also advanced initiatives to increase\nmining flexibility, including the incorporation of additional mining faces and\nongoing ventilation improvements, supporting access to new production areas\nand improving operational reliability for the second half of the year.\n*\nTurmalina mine performance: The Turmalina(1) mine produced 3,994 ounces of\ngold from 50,190 tonnes processed, at an average head grade of 2.94 g/t Au and\na recovery of 84%, as mining and processing activities continued to ramp up\nsuccessfully following the restart of operations in early March 2026. Ore\nprocessed during the period was sourced 90% from orebodies B and C and 10%\nfrom the Faina orebody, with the strong recovery performance supported by the\nbetter-than-expected results from Faina ore, which achieved approximately 70%\nrecovery. Additional ore from Faina continued to be stockpiled for increased\nprocessing in Q3 2026, improving operational flexibility and supporting future\nproduction growth. Turmalina contributed approximately 31% of consolidated\ngold production during the quarter.\n\nFootnote 1 - The Turmalina mine is composed of orebodies referred to as A, B,\nC and Faina.\n*\nDevelopment progress: Development remains a key strategic priority at both\noperations as the Company focuses on increasing mining flexibility, expanding\navailable mining areas, and supporting full-year production targets. At the\nPilar mine, 1,165 metres of primary and secondary development were completed\nduring the quarter, with activities focused on critical mine access and\ninfrastructure projects. At the Turmalina mine, 790 metres of development were\ncompleted to support the ramp-up of operations and the opening of additional\nmining areas. These initiatives are expected to improve mine sequencing\nflexibility and support production delivery in the second half of 2026.\n*\nDrilling progress: Jaguar completed 11,203 metres of diamond drilling,\nincluding 5,398 metres at the Turmalina mine and 5,805 metres at the Pilar\nmine(2), in line with plan. Drilling activities remained focused on orebody\ndefinition and mine plan support, targeting the BA and SW zones at Pilar and\norebodies\nB, C and Faina at Turmalina. In the second half of 2026, the Company plans to\nexpand drilling activities to include resource growth targets, supporting\nfuture reserve replacement and long-term production growth.\n*\nStrong cash position: As of June 30, 2026, closing cash totalled $74.8 million\n(and net cash of $68.5 million), up from closing cash of $72.1 million at the\nend of the previous quarter and up from closing cash of $48.3 million as of\nJune 30, 2025. During the quarter, payments and disbursements were made\nrelated to the Satinoco dry-stacked facility incident, including compensation\nto affected families. The Company also benefited from favorable gold prices,\nwhich averaged $4,506 per ounce in the quarter and year-to-date average of\n$4,612 per ounce.\n\n                                                    Q2 2026                                                    Q2 2025                                                \n Quarterly Summary                                  Turmalina            Pilar              Total              Turmalina           Pilar              Total           \n Tonnes milled (t)                                         50,190             96,020             146,210              0                 92,846             92,846     \n Average head grade (g/t)                                  2.94               3.30               3.17                 0                 4.04               4.04       \n Recovery (%)                                              84      %          89      %          88       %           0                 89      %          89      %  \n Gold ounces                                                                                                                                                          \n Produced (oz)                                             3,994              9,063              13,057               242               10,731             10,973     \n Sold (oz)                                                                                                            242               10,744             10,986     \n Development                                               791                1,165              1,955                0                 1,488              1,488      \n Primary (m)                                               440                505                945                  0                 628                628        \n Secondary (m)                                             351                660                1,010                0                 860                860        \n Exploration Development (m)                               0                  0                  0                    0                 0                  0          \n Definition, infill and exploration drilling (m)           5,398              5,805              11,203               0                 5,755              5,755      \n\n\"We delivered a strong quarter, with consolidated production of 13,057 ounces,\nup 19% year-over-year,\" commented Luis Albano Tondo, Chief Executive Officer\nof Jaguar. \"The Turmalina mine contributed 31% of total as it continues its\nramp-up phase. At Pilar, production of 9,063 ounces was supported by higher\nthroughput and strategic investments in development and drilling to expand\nmining flexibility for the second half of the year. Turmalina's performance\nwas a highlight with 3,994 ounces, with stronger-than-expected recoveries from\nthe testing of the material form the Faina deposit. Our financial position\ncontinues to strengthen, with closing cash of $74.9 million, up from $48.3\nmillion a year ago. We remain on track to deliver our full-year guidance in\nthe range of 50,000 to 60,000 ounces, with the investments in development and\ndrilling this quarter laying the groundwork for sustained production growth.\"\n\nFootnote 2 - The Pilar mine is composed by orebodies referred to as BA and SW.\n\n2026 Production Guidance/Outlook\n\nFor 2026, Jaguar Mining forecasts gold production in the range of 50,000 to\n60,000 ounces, driven by the continued strong performance from the Pilar and\nTurmalina mines.\n\nQualified Person\n\nScientific and technical information contained in this press release has been\nreviewed and approved by Luis Albano Tondo, BSc Mining Eng, MEngSc, MBA,\nFAusIMM, who is also CEO and board member of Jaguar Mining Inc. and is a\n\"qualified person\" as defined by National Instrument 43-101 - Standards of\nDisclosure for Mineral Projects (\"NI 43-101\").\n\nThe Iron Quadrangle\n\nThe Iron Quadrangle has been an area of mineral exploration dating back to the\n16th century. The discovery in 1699-1701 of gold contaminated with iron and\nplatinum-group metals in the southeastern corner of the Iron Quadrangle gave\nrise to the name of the town Ouro Preto (Black Gold). The Iron Quadrangle\ncontains world-class multi-million-ounce gold deposits such as Morro Velho,\nCuiabá, and São Bento. Jaguar holds the second largest gold land position in\nthe Iron Quadrangle with over 46,000 hectares.\n\nAbout Jaguar Mining Inc.\n\nJaguar Mining Inc. is a Canadian-listed junior gold mining, development, and\nexploration company operating in Brazil with three gold mining complexes and a\nlarge land package with significant upside exploration potential from mineral\nclaims. The Company's principal operating assets are located in the Iron\nQuadrangle, a prolific greenstone belt in the state of Minas Gerais and\ninclude the MTL complex (Turmalina mine and plant) and Caeté complex (Pilar\nand Roça Grande mines, and Caeté plant). The Roça Grande mine has been on\ntemporary care and maintenance since April 2019. The Company also owns the\nPaciência complex (Santa Isabel mine and plant), which had been on care and\nmaintenance since 2012 and is under review to restart in 2026. Additional\ninformation is available on the Company's website at www.jaguarmining.com.\n\nFor further information please contact:\n\nLuis Albano Tondo\nChief Executive Officer\nJaguar Mining Inc.\ninvestors@jaguarmining.com\n\nJohan Daniel Karrqvist\nChief Financial Officer\ninvestors@jaguarmining.com\n\nNaomi Nemeth\nVice President Investor Relations\ninvestors@jaguarmining.com\n+1 647 882 4257\n\nForward-Looking Statements\n\nCertain statements in this news release constitute \"forward-looking\ninformation\" within the meaning of applicable Canadian securities legislation.\nForward-looking statements and information are provided for the purpose of\nproviding information about management's expectations and plans relating to\nthe future. All of the forward-looking information made in this news release\nis qualified by the cautionary statements below and those made in our other\nfilings with the securities regulators in Canada. Forward-looking information\ncontained in forward-looking statements can be identified by the use of words\nsuch as \"are expected,\" \"is forecast,\" \"is targeted,\" \"approximately,\"\n\"plans,\" \"anticipates,\" \"projects,\" \"anticipates,\" \"continue,\" \"estimate,\"\n\"believe\" or variations of such words and phrases or statements that certain\nactions, events or results \"may,\" \"could,\" \"would,\" \"might,\" or \"will\" be\ntaken, occur or be achieved. All statements, other than statements of\nhistorical fact, may be considered to be or include forward-looking\ninformation. This news release contains forward-looking information regarding,\namong other things, the duration of the temporary suspension of the Company's\nMTL complex in the wake of the slump at its Satinoco dry tailings pile , the\ncost of resuming operations at the MTL complex, the future stability of the\ntailings pile in question and safety of the Turmalina mine, the amount, timing\nand payment terms of any future fines imposed on the Company, as well as any\ncosts and damages arising from any civil or criminal lawsuits, resulting from\nthe tailings pile slump, management's expectations regarding the Company's\nresponse to the tailings pile slump and the Company's recovery and remediation\nefforts at the MTL complex, any information and statements related to expected\ngrowth, sales, production statistics, ore grades, tonnes milled, recovery\nrates, cash operating costs, definition/delineation drilling, the timing and\namount of estimated future production, costs of production, capital\nexpenditures, costs and timing of the development of projects and new\ndeposits, success of exploration, development and mining activities, currency\nfluctuations, capital requirements, project studies, mine life extensions,\nrestarting suspended or disrupted operations, continuous improvement\ninitiatives, and resolution of pending litigation. The Company has made\nnumerous assumptions with respect to forward-looking information contained\nherein, including, among other things, assumptions about the future and\nlong-term stability of the Satinoco tailings pile; there will be no unforeseen\nadverse weather events or other external factors that could delay the\nCompany's recovery or remediation efforts; the current assumptions regarding\nthe extent of the damage and timeline for repairs at the MTL complex remain\naccurate and will not require significant revision as further assessments are\ncompleted; estimated timeline for the development of the Company's mineral\nproperties; the supply and demand for, and the level and volatility of the\nprice of, gold; the accuracy of reserve and resource estimates and the\nassumptions on which the reserve and resource estimates are based; the receipt\nof necessary permits; market competition; ongoing relations with employees and\nimpacted communities; political and legal developments in any jurisdiction in\nwhich the Company operates being consistent with its current expectations\nincluding, without limitation, the impact of any potential power rationing,\ntailings facility regulation, exploration and mine operating licenses and\npermits being obtained and renewed and/or there being adverse amendments to\nmining or other laws in Brazil and any changes to general business and\neconomic conditions. Forward-looking information involves a number of known\nand unknown risks and uncertainties, including among others: the risk of\nJaguar not meeting the forecast plans regarding its operations and financial\nperformance; uncertainties with respect to the price of gold, labour\ndisruptions, mechanical failures, increase in costs, environmental compliance\nand change in environmental legislation and regulation, weather delays and\nincreased costs or production delays due to natural disasters, power\ndisruptions, procurement and delivery of parts and supplies to the operations;\nuncertainties inherent to capital markets in general (including the sometimes\nvolatile valuation of securities and an uncertain ability to raise new\ncapital) and other risks inherent to the gold exploration, development and\nproduction industry, which, if incorrect, may cause actual results to differ\nmaterially from those anticipated by the Company and described herein. In\naddition, there are risks and hazards associated with the business of gold\nexploration, development, mining and production, including environmental\nhazards, tailings dam failures, industrial accidents and workplace safety\nproblems, unusual or unexpected geological formations, pressures, cave-ins,\nflooding, chemical spills, procurement fraud and gold bullion thefts and\nlosses (and the risk of inadequate insurance, or the inability to obtain\ninsurance, to cover these risks). Accordingly, readers should not place undue\nreliance on forward-looking information.\n\nFor additional information with respect to these and other factors and\nassumptions underlying the forward-looking information made in this news\nrelease, see the Company's most recent Annual Information Form and\nManagement's Discussion and Analysis, as well as other public disclosure\ndocuments that can be accessed under the issuer profile of \"Jaguar Mining\nInc.\" on SEDAR+ at www.sedarplus.com. The forward-looking information set\nforth herein reflects the Company's reasonable expectations as at the date of\nthis news release and is subject to change after such date. The Company\ndisclaims any intention or obligation to update or revise any forward-looking\ninformation, whether as a result of new information, future events or\notherwise, other than as required by law. The forward-looking information\ncontained in this news release is expressly qualified by this cautionary\nstatement.\n\nSOURCE: Jaguar Mining, Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/jaguar-mining-reports-solid-q2-2026-results-production-grows-19-driven-by-the-tur-1190311)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-07-15T11:00:08.193050998Z","server_sent_at_ms":1784113208193},"received_at":"2026-07-15T11:00:08.372Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/jaguar-mining-reports-solid-q2-2026-results-production-grows-19-driven-by-the-tur-1190311"},"analysis":{"id":"77920","press_release_id":"88865","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Payments made related to Satinoco dry-stacked facility incident","Full financial results delayed until mid-August"],"eventType":"operations_update","narrative":"Jaguar Mining reported Q2 gold production of 13,057 ounces, up 19% from the prior year, driven by the successful ramp-up of the Turmalina mine and consistent performance at Pilar.\n\nThe Turmalina facility contributed 3,994 ounces (31% of total) in its first full quarter since restart, while the company maintained its full-year production guidance of 50,000 to 60,000 ounces.\n\nCash position strengthened to $74.8 million, up from $48.3 million a year ago, supported by favorable average gold prices of $4,506 per ounce during the quarter.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"19% production surge fuels cash build as Turmalina ramp-up gains traction."},"keyFigures":{"guidance":"50,000 to 60,000 ounces for full year 2026","customDimensions":{"avg_gold_price_q2":4506,"net_cash_millions":68.5,"avg_gold_price_ytd":4612,"production_yoy_pct":"19%","pilar_production_oz":9063,"cash_position_millions":74.8,"turmalina_production_oz":3994,"consolidated_production_oz":13057,"turmalina_contribution_pct":"31%"}},"quotedText":"We delivered a strong quarter, with consolidated production of 13,057 ounces, up 19% year-over-year","namedEntities":{"people":[{"name":"Luis Albano Tondo","role":"Chief Executive Officer"},{"name":"Johan Daniel Karrqvist","role":"Chief Financial Officer"},{"name":"Naomi Nemeth","role":"Vice President Investor Relations"}],"products":["Gold","Pilar mine","Turmalina mine","Roça Grande mine","Santa Isabel mine"],"companies":[{"name":"Jaguar Mining Inc.","ticker":"JAG"}],"dollarAmounts":[{"amount":"$74.8 million","context":"closing cash as of June 30, 2026"},{"amount":"$68.5 million","context":"net cash as of June 30, 2026"},{"amount":"$72.1 million","context":"closing cash at the end of the previous quarter"},{"amount":"$48.3 million","context":"closing cash as of June 30, 2025"},{"amount":"$4,506","context":"average gold price per ounce in Q2"},{"amount":"$4,612","context":"average gold price per ounce year-to-date"}]},"materialImpact":{"score":3,"reasoning":"19% year-over-year production growth and the successful ramp-up of the Turmalina mine represent significant operational execution for a junior miner, while the strengthening cash position provides financial stability. Full financials are pending."},"tickerRelevance":{"others":[],"primary":"JAG"},"globalImportance":20,"audienceRelevance":20,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"junior-miner","eventGravity":"operational-milestone","sectorWeight":"materials"}},"event_type":"operations_update","event_type_secondary":["guidance_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"Jaguar Mining reported Q2 gold production of 13,057 ounces, up 19% from the prior year, driven by the successful ramp-up of the Turmalina mine and consistent performance at Pilar.\n\nThe Turmalina facility contributed 3,994 ounces (31% of total) in its first full quarter since restart, while the company maintained its full-year production guidance of 50,000 to 60,000 ounces.\n\nCash position strengthened to $74.8 million, up from $48.3 million a year ago, supported by favorable average gold prices of $4,506 per ounce during the quarter.","key_figures":{"guidance":"50,000 to 60,000 ounces for full year 2026","customDimensions":{"avg_gold_price_q2":4506,"net_cash_millions":68.5,"avg_gold_price_ytd":4612,"production_yoy_pct":"19%","pilar_production_oz":9063,"cash_position_millions":74.8,"turmalina_production_oz":3994,"consolidated_production_oz":13057,"turmalina_contribution_pct":"31%"}},"named_entities":{"people":[{"name":"Luis Albano Tondo","role":"Chief Executive Officer"},{"name":"Johan Daniel Karrqvist","role":"Chief Financial Officer"},{"name":"Naomi Nemeth","role":"Vice President Investor Relations"}],"products":["Gold","Pilar mine","Turmalina mine","Roça Grande mine","Santa Isabel mine"],"companies":[{"name":"Jaguar Mining Inc.","ticker":"JAG"}],"dollarAmounts":[{"amount":"$74.8 million","context":"closing cash as of June 30, 2026"},{"amount":"$68.5 million","context":"net cash as of June 30, 2026"},{"amount":"$72.1 million","context":"closing cash at the end of the previous quarter"},{"amount":"$48.3 million","context":"closing cash as of June 30, 2025"},{"amount":"$4,506","context":"average gold price per ounce in Q2"},{"amount":"$4,612","context":"average gold price per ounce year-to-date"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-15T12:26:34.592Z","global_importance":20,"audience_relevance":20,"importance_components":{"tickerTier":"junior-miner","eventGravity":"operational-milestone","sectorWeight":"materials"}},"durationMs":456539,"modelName":"glm-4.7"}}