Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,025.30 −2.2% Silver 51.20 −2.8% Copper 6.24 −1.6% Oil 86.32 −0.6% Palladium 1,020.25 −0.1% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.050 +0.0% FUSE 0.020 −20.0% COPR 0.375 +0.0% WSK 0.170 +0.0% GAL 0.367 −3.3% VCG 1.07 +4.9% LVX 0.255 −25.0% RAMP 0.255 −5.6% QTWO 1.71 +5.9% SUM 1.29 −2.3% SGML 7.46 −10.7% BOGO 0.730 −7.6% SGC 0.095 +0.0% MANU 0.172 +15.0% Gold 4,025.30 −2.2% Silver 51.20 −2.8% Copper 6.24 −1.6% Oil 86.32 −0.6% Palladium 1,020.25 −0.1% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.050 +0.0% FUSE 0.020 −20.0% COPR 0.375 +0.0% WSK 0.170 +0.0% GAL 0.367 −3.3% VCG 1.07 +4.9% LVX 0.255 −25.0% RAMP 0.255 −5.6% QTWO 1.71 +5.9% SUM 1.29 −2.3% SGML 7.46 −10.7% BOGO 0.730 −7.6% SGC 0.095 +0.0% MANU 0.172 +15.0%
Drill Results

Jaguar Mining Reports on Ongoing Exploration Drilling at the BA Zone of the Pilar Gold Mine, Brazil

Jaguar Mining solidifies Pilar’s high-grade depth potential as it clears the runway for a multi-asset production restart in 2026.

By The Northwire Desk — AI Analysis Mar 02, 2026 · 07:00 JAG · 9.26 Jaguar Mining Inc.
Executive Summary

The most recent news (March 02, 2026) reports results from a 9,493-meter drilling campaign at the BA Zone of the Pilar Gold Mine. Key intercepts include 4.50m @ 26.20 g/t Au and 2.50m @ 12.05 g/t Au. These results confirm the down-plunge continuity of the high-grade orebody at depth. Furthermore, the company is finalizing a new resource estimate for the BA Zone (expected Q1 2026) and has scheduled a 5,000-meter directional drilling campaign to commence in Q2 2026 to further expand the zone.

Material Impact

The impact is Routine - Positive. While the grades are high, they are consistent with the company’s previously stated geological model and the "Strategic 5,000-Meter Directional Drilling Program" announced in November 2025. - Operational Continuity: The results validate management's claim that the BA Zone will be a primary production driver, potentially accounting for 50% of Pilar's output. - Resource Growth: Confirming continuity at depth supports the long-term Life of Mine (LOM) extensions, which is critical as the company transitions back to a multi-mine producer. - Predictability: The drilling aligns with the "Five-Year Exploration Plan" (Sept 2024), showing that management is executing on its technical milestones.

JAG · Price
Company Overview

Jaguar Mining is a junior/mid-tier gold producer focused on the Iron Quadrangle in Brazil. - Flagship Project: The Pilar Gold Mine (part of the Caeté Complex) is currently the sole producing asset. It is an underground mine characterized by high-grade BIF-hosted mineralization. - Secondary Asset: The MTL Complex (Turmalina Mine) is currently in the final stages of a restart plan following a tailings slump in late 2024. - Growth Project: Onças de Pitangui is a development-stage project expected to contribute 42 koz/year starting in H2 2027.

Read the original news release →

More from Jaguar Mining Inc.

Nov 02, 2026 · 06:30

Jaguar delays Onças de Pitangui permitting in Brazil as management reverts to resubmission strategies to advance the project timeline.

Production / Operations Oct 15, 2026 · 06:30

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

Production / Operations Sep 22, 2026 · 06:30

Turmalina’s exploration update supports guidance while masking AISC creep and grade volatility at its core assets.

Drill Results Aug 13, 2026 · 21:45

Turmalina’s restart boosted output by 19% while its all-in sustaining costs surged 57% year-on-year.

Earnings Jul 27, 2026 · 07:00

Jaguar’s infill drilling at Faina confirms high-grade continuity for its $445 million producing project.

Drill Results Jul 15, 2026 · 07:00

Jaguar’s Q2 production rose 19% as Turmalina restarted, though declining grades at Pilar pressured margins.

Production / Operations