Primary ticker: TSX:JAG Stage of development: Production Primary minerals: Gold Project to promote: Turmalina and Pilar Mines/Faina and Oncas de Pitangui Projects Project location: Minas Gerais, Brazil Website: www.jaguarmining.com
Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil with three gold mining complexes and a large land package with significant upside exploration potential from mineral claims. The Company’s principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caeté Mining Complex (Pilar and Roça Grande Mines, and Caeté Plant). The Company also owns the Paciência Gold Mine Complex, which has been on care and maintenance since 2012. The Roça Grande Mine has been on temporary care and maintenance since April 2019.
Cash: USD$22M Debt: USD$3M
Major shareholders: Eric Sprott – 48.9% IAMGOLD Corp. – 8.0% Management ownership- 1%
Financials
Management Profile
ALFRED COLAS – Chief Financial Officer Mr. Colas is a seasoned finance executive with over 30 years of experience with publicly listed mining and forestry companies and 5 years of experience in private-equity real estate. Mr. Colas spent over 13 years in progressively senior finance roles with Barrick Gold Corp, culminating in his 2007 assignment as finance manager at the Veladero Mine in Argentina, where he was a seminal part of the team that successfully turned around the operation. From 2010-2013, he was controller of junior gold explorer Rainy River Resources, following which he was VP and CFO of FNI Mining. In 2015, Mr. Colas joined as CFO of Potentia Solar, a rooftop solar company founded by a private equity group and, after its sale, he continued as CFO of a family office focusing on senior-care investments through mid-2020. From 2020 through 2021 Mr. Colas was CFO of dual-listed silver producer Excellon Resources and most recently, he was CFO of GreenFirst Forest Products. Mr. Colas holds a Bachelor of Commerce degree from the University of Toronto, and he obtained his CA designation in 1995, having started his career in 1992 as an auditor with Price Waterhouse.
MARINA FAGUNDES DE FREITAS – VP Finance & Projects Ms. Fagundes De Freitas joined Jaguar’s senior management team as VP Projects after almost 12 years of working in different areas within the company where she developed the Internal Audit function and implemented a Risks and Compliance program. Ms. Fagundes De Freitas has over 17 years of experience including extensive knowledge in external and internal audit gained while working at Deloitte and Holcim respectively. After participating in several process reviews and major changes in previous years, she now oversees Strategic Planning, Legal, CSR, Admin, Security, Technology, Innovation and Growth Projects.
What is your rationale for taking part in 121 Mining Investment?
Introductions to new potential shareholders and updating existing shareholders.
What recent news would you like to highlight to investors attending?
Jaguar Mining Provides Positive Results From Its 2023 Exploration Program Highlights Include:
Jaguar Mining Accesses New High-Grade Mineralized Zone In BA-Torre Structure
Jaguar Mining Reports Updated Mineral Reserves and Mineral Resources
What are your key goals in 3 months, 6 months, 12 months?
3 Months: Faina access and opening
6 Months: Resource additions from BA-Torre Faina first production stopes
12 Months: Ramp up of production at Faina Obtain trial mine licence at Zona Basal and Onças de Pitangui
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Risks are described in detail in the Company’s disclosure documents available on the Company’s corporate profile at www.sedarplus.ca
What do you think makes your company such a compelling investment?
Great mining jurisdiction, turnaround story with improving treasury, strong management team.
What are the top 3 key investor takeaways?
Great mining jurisdiction, turnaround story with improving treasury, strong management team.