Jaguar Mining Inc. (TSX:JAG)

[gharma]

http://investorshub.advfn.com/Jaguar-Mining-Inc-JAGGF-14886/

[Heliopios]

Empty boards equal full opportunity. 40 cents? If this is doomed let it be but I think it might be worth a play.

[goforthebet]

Jaguar Mining shares fall after announcement that Q4 gold output was below expectations

The group said one of the main reasons was the lower-than-anticipated grades at its Turmalina mine in Brazil

Posted: Wednesday , 20 Jan 2010

(Reuters) -

Gold producer Jaguar Mining Inc (JAG.TO) said its fourth-quarter production rose but was below expectations mainly due to lower-than-anticipated grades at its Turmalina mine in Brazil, sending its Toronto-listed shares down more than 11 percent.

However, the Concord, New Hampshire-based miner, which operates in Brazil, guided a 29% to 40% rise in 2010 production.

For 2010, the company expects to produce 200,000 ounces to 217,000 ounces of gold at a cash operating cost of $489 to $500.

Jaguar produced 39,890 ounces of gold at an average cash operating cost of $539 per ounce for the latest fourth quarter, compared with 37,916 ounces at $396 per ounce in the same period last year.

During 2009, Jaguar produced 155,102 ounces of gold at an average cash operating cost of $468 per ounce, it said in a statement.

The company said its Sabara operation in Brazil, which was idled for eight months and only produced 6,460 ounces of gold in 2009 compared to 18,199 ounces in 2008, also hurt production plans.

Jaguar said it is considering alternatives for the Sabara operation, including a sale, and plans to record a charge of about $3.4 million in the fourth quarter.

Jaguar's cash operating costs shot up due to a sharp rise in the Brazilian real and lower grades at its Turmalina mine, the company said.

Quarterly mine production at Turmalina totaled 179,783 tons of ore at an average run-of-mine grade of 4.34 grams per ton, compared with 126,777 tons of ore at ROM grade of 6.01 grams per ton last year.

Gold sales for the quarter rose to 35,944 ounces at an average price of $1,099 per ounce from 35,138 ounces at $793 per ounce, a year-ago.

As of Dec. 31, 2009, the company held cash and cash equivalents of about $121.3 million.

Jaguar Mining shares were down C$1.30 at C$12.18 in late morning trade Tuesday on the Toronto Stock Exchange. The New York-listed shares of the company fell as much as 9 percent to $11.61. (Reporting by R. Manikandan in Bangalore; Editing by Gopakumar Warrier)

[binsleep]

JAG is setting up nicely. There appears to be some accumulation going on.

[buckysabi]

Jaguar Mining Enters into a Bought Deal for Cdn$110,550,000JAGUAR MINING INC JAG 1/31/2008 7:32:26 AMCONCORD, NH, Jan. 31, 2008 (Canada NewsWire via COMTEX News Network) --
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE

UNITED STATES/

JAG - TSX/NYSE Arca

CONCORD, NH, Jan. 31 /CNW/ - Jaguar Mining Inc. ("Jaguar" or "the Company") (JAG: TSX/NYSE Arca, JAG.NT: TSX) has entered into a bought deal financing with a syndicate of underwriters led by RBC Capital Markets to issue 8,250,000 common shares of Jaguar at Cdn$13.40 per common share for gross proceeds of Cdn$110,550,000. In addition, Jaguar has granted the underwriters an option, exercisable in whole or in part, up to 30 days following the closing of the transaction to increase the offering by up to 1,237,500 common shares at a price of Cdn$13.40 per common share, which would increase the aggregate size of the offering to Cdn$127,132,500 if the option is fully exercised.

Proceeds of the offering will be used to fund a significant expansion of the Company's Brazilian projects and for general corporate purposes.

The common shares to be issued under this offering will be offered by way of a short form prospectus in all provinces of Canada and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended.

Closing of this offering is expected to occur on or about February 21, 2008 and is subject to receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE Arca Exchange.

The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Jaguar

Jaguar is one of the fastest growing gold producers in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais. Jaguar is actively exploring and developing additional mineral resources at its 72,000 acre land base in Minas Gerais and on an additional 159,000 acres in the state of Ceara in the Northeast of Brazil through a joint venture. Additional information is available on the Company's website at www.jaguarmining.com.

[grcacc]

Test1

[buckysabi]

Welcome to the Jaguar Mining Site.

There is not a lot of message board activity/talk on Jaguar at this time. The only other place that I have used is on Stockhouse.com.

Jaguar seems to continue to make the right moves and is well positioned to keep on growing. There are price targets by analysts in the $10 range. Many think that Jaguar is grooming for a buyout by one of the big players.

Bucky