Jaguar Mining (OTCPK:JAGG.F) 2025 Earnings Call Presentation

Company Overview - Jaguar Mining Inc is a mid-tier gold producer in Brazil with over 20 years of production history[12, 13] - The company has 3 operating underground gold mining complexes and is listed on the TSX with a market capitalization of C$449 million as of November 6, 2025[13] - The company's P/NAV is 0.38x as of November 6, 2025[13] Reserves and Resources - The company has global reserves of 764 koz Au at 4.02 g/t Au as of December 31, 2024[13] - M&I Resources are 1.66Moz Au at 4.19 g/t Au as of December 31, 2024[13] - Inferred Resources are 1.68Moz Au at 3.56 g/t Au as of December 31, 2024[13] Financial Performance - The company produced 30,899 koz Au in the first 9 months of 2025[32] - Adjusted EBITDA for the first 9 months of 2025 was US$59.8 million[32] - The company's AISC was US$1,844/oz Au for the first 9 months of 2025[35] Operational Updates - The Turmalina mine is on track for a restart in Q1 2026[38] - The company signed a community compensation agreement for approximately US$10 million related to the tailings incident[38] - The company settled an environmental fine for approximately US$11 million and an MP lawsuit for approximately US$7 million, with payments to be made in installments over 1-5 years[38] Growth Projects - The Onças de Pitangui project is expected to begin development in H2 2026, with first gold production projected in H2 2027[42] - The Onças de Pitangui project has P&P reserves of 284 koz Au at 4.16 g/t Au[42] - The estimated production rate for Onças de Pitangui is 42 koz/year[42] Exploration - The company has 46,619 Ha of mineral tenements[45] - The company has a 5-year exploration plan with drilling planned from 2026 to 2030[46] - The company is targeting 600koz to 1,300koz of gold to investigate in 2026[46]