TSX-V: JAG
TORONTO, June 24, 2016 /CNW/ - Jaguar Mining Inc.
("Jaguar" or the "Company") (TSX-V: JAG) is pleased to announce
the appointments of John Ellis and
Robert Getz to its Board of
Directors as independent, non-executive directors, while
Jared Hardner has stepped down as
Director on the Board, effective today. Additionally, the Company
is pleased to announce the appointment of Hashim Ahmed as Chief Financial Officer, who was
previously serving as Interim Chief Financial Officer of the
Company.
Richard Falconer, Chairman of
Jaguar commented, "On behalf of the Board of Directors and
management, I would like to welcome John
Ellis and Robert Getz to the
Jaguar Board. Their leadership and experience, along with
successful track records within the mining industry, makes them
ideal candidates for our Board. The addition of Mr. Ellis and Mr.
Getz will further strengthen and broaden Jaguar's leadership team.
I would also like to thank Jared
Hardner for his support as he has contributed significantly
to Jaguar and its shareholders through his role as a non-executive
Director since 2014."
John Ellis is a Professional
Engineer with over 50 years of experience in the mining industry.
He currently serves as a Director for International Tower Mines and
for Sunshine Silver Mines Corporation. He also consults for a
number of international mining companies. Mr. Ellis previously
served as a Director for Mexivada Mining Corp. and was Chairman and
CEO of AngloGold North America and Hudson Bay Mining and Smelting
Company. Prior to that, he held senior positions at Inspiration
Resources Corp., and CVRD-Inco. His career has included service as
a Director on the Mining Association of Canada and the National Mining Association.
Mr. Ellis graduated from the Haileybury School of Mines and the
Montana College of Science and
Technology.
Robert Getz brings over 25 years
of experience as a private equity investor and has strong
experience in international mergers and acquisitions and public and
private debt and equity financings. Mr. Getz has invested in and
served as a Director in numerous companies, including many metals
and mining companies. He currently serves as a Director of Haynes
International, Inc., a developer and producer of specialty nickel
alloys. Mr. Getz previously served as Chairman of the
Board of Crocodile Gold Corp., a gold exploration and mining
company with operations in Australia, prior to the company's successful
merger with Newmarket Gold in July 2015. Mr. Getz
subsequently served as a Director of Newmarket Gold Inc. until May
2016. Mr. Getz holds a Bachelor of Arts, cum laude, from
Boston University, and a Master of
Business Administration in Finance from the Stern School at
New York University.
Rodney Lamond, President and
Chief Executive Officer of Jaguar commented, "We are pleased to
announce the appointment of Hashim
Ahmed as our Company's Chief Financial Officer. Hashim's
substantial contribution as Interim Chief Financial Officer along
with his experience and financial knowledge makes him an excellent
fit for this role."
Hashim Ahmed, Chief Financial
Officer, brings over 19 years of experience, including 10 years of
experience in the mining industry, with expertise in financial
management, strategic planning, cost control, corporate turnaround,
and business process improvement. He obtained his Chartered
Accountant designation with PriceWaterhouseCoopers LLP and later
worked with Ernst & Young LLP in their mining advisory
practice. Mr. Ahmed joined Jaguar in August
2014, after working at Barrick Gold Corporation for over
seven years in corporate finance. In February 2016, Mr. Ahmed was appointed Interim
Chief Financial Officer of Jaguar.
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 approximate 191,000 hectares. The Company's
principle operating assets are located in a prolific greenstone
belt in the state of Minas Gerais and include the Turmalina Gold
Mine Complex ("Mineração Turmalina Ltda" or "MTL") and Caeté Gold
Mine Complex ("Mineracao Serras do Oeste Ltda" or "MSOL") which
combined produce more than 90,000 ounces of gold annually. The
Company also owns the Paciência Gold Mine Complex, which has been
on care and maintenance since 2012. Additional information is
available on the Company's website at www.jaguarmining.com.
Neither the TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Jaguar Mining Inc.