TSX: JAG
TORONTO, June 11, 2018 /CNW/ - Jaguar Mining Inc.
("Jaguar" or the "Company") (TSX: JAG) today announced that all
underground mining activities at its Pilar
and Turmalina Gold mines are back to normal following a
10-day national Truckers' strike that disrupted supply chain for
critical mining consumables that impacted the Company's gold
production. Although the strike has ended, the Company expects some
shipping and logistics issues to persist over the coming weeks as
transportation normalizes to clear delivery backlogs throughout the
country. The Company is reviewing opportunities to increase
inventory stock levels, where possible, to ensure mining activities
remain uninterrupted and safe. The Company will provide an update
on the impact to production with the release of second quarter
operating results.
The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration
dating back to the 16th century. The discovery in 1699–1701 of gold
contaminated with iron and platinum-group metals in the
southeastern corner of the Iron Quadrangle gave rise to the name of
the town Ouro Preto (Black Gold).
The Iron Quadrangle contains world-class multi-million-ounce gold
deposits such as Morro Velho, Cuiabá, and São Bento. Jaguar holds
the second largest gold land position in the Iron Quadrangle with
just over 25,000 hectares.
About Jaguar Mining Inc.
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 covering an area of approximately 64,000
hectares. 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 2018.
Additional information is available on the Company's website at
www.jaguarmining.com.
SOURCE Jaguar Mining Inc.