Jaguar Mining Reports Financial Results for the Fourth Quarter and Full Year 2025

Core Insights - Jaguar Mining reported its financial results for the fourth quarter and full year 2025, highlighting challenges due to a production suspension at the Satinoco facility, but indicating a controlled restart of operations [2][3]. Financial Performance - Gold production in Q4 2025 was 9,356 ounces, with 9,124 ounces sold at cash operating costs of $1,456 per ounce and all-in sustaining costs of $2,268 per ounce. The realized gold price was $4,170 per ounce [4]. - For the full year 2025, gold production totaled 40,254 ounces, with 39,453 ounces sold at cash operating costs of $1,277 per ounce and all-in sustaining costs of $1,931 per ounce. The realized gold price was $3,421 per ounce [4]. - Revenue for Q4 2025 was $38.0 million, a 10% decrease compared to Q4 2024, while full-year revenue was $135.2 million, down 15% from 2024 [5]. - The net loss for Q4 2025 was $20.5 million, translating to a loss per share of $0.24. Adjusted net loss was $3.3 million or $0.06 per share [6]. - For the full year, the net loss was $15.8 million (loss per share of $0.20), while adjusted net income was $18.5 million (earnings per share of $0.23) [8]. Operating Costs and Cash Flow - Operating costs in Q4 2025 were $13.3 million, a 25% decrease from $17.7 million in Q4 2024. For the full year, operating costs fell 31% to $50.4 million from $73.3 million in FY 2024 [9]. - Free cash flow for Q4 2025 was $0.7 million, while for the full year it was $16.6 million, with free cash flow per ounce sold at $73 and $422 respectively [11]. Strategic Outlook - The CEO emphasized the company's resilience and the successful management of the operational challenges, stating that the company is well-positioned to return to its growth strategy in 2026, projecting gold production between 50,000 to 60,000 ounces from current assets [12].