Jaguar Corrects Transposition Error in Q3 MD&A

TSX: JAG

TORONTO, Nov. 12, 2013 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) has corrected and refiled its recently issued Management's Discussion and Analysis ("MD&A") dated November 7, 2013.  On page 29 of the MD&A in the table "Summary of All-in Cost per Ounce of Gold Sold", two columns were inadvertently transposed - the dollar amounts for the nine-months ended September 30, 2013 and the three-months ended September 30, 2012.  Jaguar notes this error and has corrected the table as stated below:

Summary of All-in Cost per Ounce of Gold Sold

         
  Three Months Ended
 September 30,
Nine Months Ended
September 30,
  2013 2012 2013 2012
         
Production cost per unaudited interim consolidated financial statements  $ 20,456  $ 25,183  $ 67,244  $ 107,832
Stock-based compensation (recoveries) - site-based (5) (100) (14) (444)
Adjusted Operating Costs 20,451 25,083 67,230 107,388
         
Corporate administration 4,095 5,885 13,067 14,801
Stock-based compensation (recoveries) - corporate 55 427 345 (1,868)
Accretion expenses (operating sites) 262 279 783 1,007
Exploration (sustaining) 483 307 1,352 3,627
Capital expenditure (sustaining) 4,192 8,018 17,540 40,109
All-in Sustaining Costs 29,538 39,999 100,317 165,064
         
Accretion expenses (non-operating sites) 182 248 553 652
Exploration (green field) 160 730 761 801
Capital expenditure (non-sustaining) 116 463 233 6,166
Care and maintenance (non-operating sites) 487 3,126 1,941 3,126
All-in Costs  $ 30,483  $ 44,566  $ 103,805  $ 175,809
         
Ounces of gold sold 24,111 23,307 72,347 82,378
         
Operating Costs / Oz of Gold Sold  $ 848  $ 1,076  $ 929  $ 1,304
All-in Sustaining Costs / Oz of Gold Sold  $ 1,225  $ 1,716  $ 1,387  $ 2,004
All-in Costs / Oz of Gold Sold  $ 1,264  $ 1,912  $ 1,435  $ 2,134

 

About Jaguar Mining

Jaguar is a junior gold producer in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais and owns the Gurupi Project in Northern Brazil in the state of Maranhão.  The Company also owns additional mineral resources at its approximate 210,000-hectare land base in Brazil. Additional information is available on the Company's website at www.jaguarmining.com.


SOURCE: Jaguar Mining Inc.

For further information:

Company Contacts

Douglas Willock
Chief Financial Officer
(647) 494-5524
douglas.willock@jaguarmining.com.br


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