Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Jaguar Mining Reports Consistent Drilling Results at the BA Zone of the Pilar Gold Mine, Brazil, Demonstrating Down-plunge Continuity

Jaguar’s BA Zone drill results validate long-term resource upside despite cost inflation and price weakness keeping near-term pressure on margins.

By The Northwire Desk — AI Analysis Jun 15, 2026 · 07:00 JAG · 5.65 Jaguar Mining Inc.
Executive Summary
  • Jaguar Mining reported diamond drilling results from the BA Zone at its Pilar Gold Mine, confirming high-grade gold mineralization remains robust and continuous over 1.5 km down-plunge.
  • Key intercepts include 3.95m @ 18.20 g/t Au (ETW 2.20m), 11.75m @ 6.22 g/t Au (ETW 6.50m), and 12.25m @ 5.82 g/t Au (ETW 10.00m).
  • Results validate geological confidence for modeling an additional 300 vertical meters below current mining levels, directly supporting the company's strategy to convert exploration targets into formal Mineral Resources.
  • The predictable geometry of the mineralized zones reduces exploration risk and de-risks future underground development and directional drilling campaigns.
  • No new production guidance, financial metrics, or capital allocation changes were disclosed in this release.
Material Impact
  • This is a routine exploration update, not an earnings or guidance release. It validates the geological model underpinning the company's 5-year exploration plan but does not alter near-term production, cost, or cash flow expectations.
  • The market's reaction (stock down ~40% from February highs) suggests investors are discounting near-term execution risks and cost creep rather than rewarding exploration validation.
  • No material re-rating catalyst is present in this release. It serves as a confidence-building measure for the long-term resource base while the company navigates Turmalina ramp-up and cost normalization.
JAG · Price
Company Overview
  • Jaguar Mining is a producing gold miner operating in Brazil's Iron Quadrangle, one of the world's premier gold provinces.
  • Flagship Assets: Pilar Mine (Caeté Complex), Turmalina Mine (MTL Complex), Santa Isabel Mine (Paciência Complex), and Onças de Pitangui (development stage).
  • Land Position: ~46,000 hectares, the second-largest gold land package in the Iron Quadrangle.
  • Strategy: Organic growth through exploration, resource conversion, and phased restart of suspended assets, funded by strong cash generation and strategic investor backing.
Read the original news release →

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Jaguar’s Pilar deposit saw a 25% grade decline despite a 30% headline increase, with guidance achievable only at the low end.

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Production / Operations Jul 09, 2026 · 07:00

Jaguar’s directional drilling at the Pilar deposit extends mine life despite execution risks and cost creep.

Drill Results