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CYG 0.150 +0.0% PHNM 0.390 +0.0% AWE 0.150 +30.4% FTZ 0.425 +1.2% PLY 0.055 +0.0% AZS 0.710 +0.0% RARE 9.05 +0.0% FOXT 0.160 −5.9% UCU 2.90 −0.7% BEM 0.090 +0.0% MANU 0.255 +15.9% FL 0.430 −5.5% ICM 0.055 +0.0% AMCO 0.350 −1.4% MSR 0.440 +0.0% REVX 1.53 +0.0% CYG 0.150 +0.0% PHNM 0.390 +0.0% AWE 0.150 +30.4% FTZ 0.425 +1.2% PLY 0.055 +0.0% AZS 0.710 +0.0% RARE 9.05 +0.0% FOXT 0.160 −5.9% UCU 2.90 −0.7% BEM 0.090 +0.0% MANU 0.255 +15.9% FL 0.430 −5.5% ICM 0.055 +0.0% AMCO 0.350 −1.4% MSR 0.440 +0.0% REVX 1.53 +0.0%
Earnings

Jaguar Mining Reports Solid Third Quarter 2025 Financial Results Driven by Strong Gold Prices and Pilar Performance

By The Northwire Desk — AI Analysis Nov 06, 2025 · 06:30 JAG · 5.35 Jaguar Mining Inc.
JAG · Price

Executive Summary

  • Jaguar Mining reported Q3 2025 net income of $13.0 million ($0.16 per share), a substantial increase from $2.3 million YoY, driven by higher realized gold price and an $8.0 million unrealized gain on short‑term investments.
  • Gold production was 10,002 oz (all from Pilar mine) with a head grade of 3.68 g/t and recovery of 89%; revenue reached $34.0 M, while cash operating costs rose to $1,374/oz and AISC to $2,063/oz due to lower volume.
  • Cash & equivalents stood at $52.0 M (up 12%). Turmalina mine remains suspended with restart expected in Q1 2026.

Key Details

  • Production: 10,002 oz gold produced; 9,799 oz sold. Head grade 3.68 g/t, recovery 89%.
  • Financials: Revenue $34.0 M (down from $38.9 M YoY). Operating costs $13.5 M. Adjusted net income $7.8 M ($0.10 per share). EBITDA $18.2 M; Adjusted EBITDA $15.5 M.
  • Margins: Cash operating cost $1,374/oz (↑25% YoY); AISC $2,063/oz (↑13%). Realized gold price $3,465/oz (↑40%).
  • Cash Position: Cash & cash equivalents $52.0 M; excludes proceeds from C$28 M private placement closed Oct 15 2025. Working capital $11.5 M.
  • Free Cash Flow: $8.2 M for the quarter ($835/oz), up from $4.8 M YoY.
  • Capital Expenditures: Sustaining capex $4.4 M; non‑sustaining capex $8.2 M; total capex $12.6 M.
  • Non‑Recurring Items (adjustments):
  • $6.1 M Satinoco incident expenses (Q3 2025).
  • $2.9 M reversal of civil litigation provision.
  • $8.0 M unrealized gain on short‑term investment.
  • $0.4 M income tax expense.
  • Turmalina Mine: Temporarily suspended after December 7 2024 dry‑stack tailings slump; rehabilitation ongoing; restart targeted Q1 2026.
  • CEO Quote (Luis Albano Tondo): Emphasized solid financial results, strong realized gold price, progress on Turmalina rehabilitation, and focus on disciplined management across the Brazilian portfolio.

Notable Quotes

“We delivered solid financial results in the third quarter, with net income of $13.0 million and free cashflow of $8.2 million… We continued to advance rehabilitation work at Turmalina and remain on track for its expected restart in the first quarter of 2026.” – Luis Albano Tondo, CEO

All figures are presented in US dollars unless otherwise noted.

Read the original news release →

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