Jaguar receives okay for operations at MTL complex

Executive Summary

• Jaguar Mining Inc. has received official approval from the National Mining Agency (ANM) to resume key mining and processing operations at its MTL complex, marking a significant step toward planned gold production levels.
• The approval lifts the operational restriction (Termo de Desinterdicação No. 1/2026/ANM/SFI-ANM) and enables the execution of stages 3, 4, and 5 of the company's gradual resumption plan, including underground development, mining, and full metallurgical plant function.
• Operations remain conditional upon final clearance from the National Environmental Emergency Office (NEA); Jaguar has submitted the ANM decision to the NEA and awaits acknowledgment to lift the final embargo.

Key Details

• Regulatory Approval: Received approval from the ANM on January 7, 2026, lifting the restriction on operations at the MTL complex.
• Operational Scope: The approval allows for the resumption of:
  • Underground development and underground mining.
  • Full function of the metallurgical plant.
  • Paste fill plant and filtration unit.
• Incident Resolution: The Satinoco dry-stacked pile incident, which previously led to suspension, has been removed from service with no additional material to be placed on that stack.
• Infrastructure Updates: Jaguar has commissioned a new, state-of-the-art tailings facility to support revitalized operations at the MTL complex.
• Next Steps: The company is awaiting final clearance from the NEA (National Environmental Emergency Office), which is independent of the ANM. The NEA must review the ANM's decision to lift its embargo order.
• Strategic Outlook: CEO Luis Albano Tondo described the approval as a "turning point" for the company's strategy for sustained growth throughout 2026 and beyond.

Notable Quotes

• "The decisive action of the AMN and comprehensive review process, culminating in the termo de desinterdicao No. 1/2026/ANM/SFI-ANM on Jan. 7, 2026 (a lifting of the restriction on operations), demonstrates ANM's co-operation and signals a mutual commitment to the highest standards of safety and responsible mining." — Luis Albano Tondo, CEO
• "This is an incredibly significant milestone for Jaguar... While we still need to wait for NEA's final response to lift this final barrier, 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