JAG - TSX/NYSE
BELO HORIZONTE, Brazil, July 3, 2012 /CNW/ - Jaguar Mining Inc. (TSX:
JAG) (NYSE: JAG) today announced that Mr. Rogério Fernandes, Jaguar's
Chief Operating Officer, has advised that due to health reasons, he
will be resigning effective July 13, 2012. Since joining the Company
at the beginning of this year, Mr. Fernandes has made significant
contributions to planning and implementing the Company's turnaround
effort. The Board of Directors expresses its gratitude to Mr.
Fernandes for his service to the Company. "In the time he was with the
Company, Rogério demonstrated a sound understanding of the issues that
we needed to address, and set in motion the steps required to implement
the necessary changes," said John Andrews, the acting Chief Executive
Officer. "We thank him for his contributions and wish him well."
Mr. Álvaro Brandão, the Company's Vice President of Operations who has
been driving the implementation of the turnaround plan, will assume Mr.
Fernandes' responsibilities. Mr. Brandão is a mining engineer with
more than 30 years of operating experience, including 14 years with
AngloGold Ashanti, 5 years with Orica Explosives, 10 years with Metso
Minerals and 2 years with the Company. He is a native of Belo
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 is developing the
Gurupi Project in Northern Brazil in the state of Maranhão. The Company
is actively exploring and developing additional mineral resources at
its approximate 240,000-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:
Vice President, Investor Relations
Valéria Rezende DioDato
Director of Communication