Jaguar Mining Announces Approval from ANM for Resumption of Key Operations at Its MTL Complex, Powering Future Growth with Safety & Excellence

Executive Summary

• Jaguar Mining received official approval from Brazil’s National Mining Agency (ANM) to restart underground development, mining, and full operation of the metallurgical, paste‑fill, and filtration plants at the Turmalina Mine (MTL Complex).
• The approval lifts the ANM restriction (Termo de Desinterdição Nº 1/2026), enabling execution of Stages 3‑5 of Jaguar’s Gradual Resumption Plan and allowing use of a newly commissioned tailings facility.
• Final resumption remains contingent on a separate clearance from the Environmental Emergency Office (NEA); Jaguar has submitted the ANM decision to NEA and is awaiting acknowledgment.

Key Details

• Regulatory Decision: ANM issued Termo de Desinterdição Nº 1/2026/ANM/SFI‑ANM on Jan 7, 2026, removing the operational embargo on the Turmalina Mine and associated processing plant.
• Scope of Resumption: Allows underground development, underground mining, full metallurgical plant operation, paste‑fill plant, and filtration unit to restart.
• Gradual Resumption Plan: Stages 3, 4, and 5 can now be executed, advancing Jaguar’s roadmap toward target gold production levels for 2026 and beyond.
• Tailings Facility: A new state‑of‑the‑art tailings facility has been commissioned and is ready to support the resumed operations.
• Environmental Clearance: The NEA must issue a final lift of its embargo order; Jaguar submitted the ANM approval to NEA immediately after receipt and is awaiting confirmation.
• Satinoco Dry‑Stacked Pile Incident: The incident that triggered the original suspension has been fully addressed; no additional material will be placed on the stack.
• CEO Comment (Luis Albano Tondo): Expressed gratitude to ANM, highlighted safety and responsible mining standards, and emphasized the milestone’s significance for Jaguar’s growth strategy.

Notable Quotes

“This is an incredibly significant milestone for Jaguar… we expect the imminent restart of the Turmalina Mine and Plant at the MTL Complex to be a turning point for the Company, injecting immense energy into our ambitious strategy for sustained growth and success throughout 2026 and well beyond.” – Luis Albano Tondo, CEO

Materiality Assessment: Material – Positive (the approval removes a major operational barrier, directly impacting production capability and future cash flow).