Jaguar Mining Inc.

Jaguar Mining is a gold mining company focused on operations in Brazil. Jaguar has been producing gold steadily over the past several years from its mines and processing plants. 

The company has invested significantly to build infrastructure and now has excess milling capacity. 

Jaguar plans to increase production by feeding the extra capacity. This can be done through existing exploration targets within their concessions, joint ventures, and acquiring additional properties. 

The company has several prospective deposits that are fully permitted or close to production. Jaguar believes it can increase output by 50-100% in a capital efficient manner by leveraging existing mills and infrastructure. The company has been successful at replacing reserves as they mine and still has significant exploration upside on their properties. Financials show Jaguar has funded investments from operating cash flow while remaining debt free.

Jaguar operates in the prolific Iron Quadrangle region of Brazil. Their main assets include the Turmalina and Pilar mines and Caete processing complex. Themines currently produce around 85,000 ounces per year. Jaguar has potential to expand this with minimal capital outlay by utilizing spare mill capacity.

The company believes it can substantially grow production to 150k-200k ounces in coming years with low risk and capital.