JAG - TSX/NYSE
BELO HORIZONTE, Brazil, Sept. 27, 2012 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Company") (JAG: TSX/NYSE) today announced the appointment of Frederick Hermann and Luis Miraglia
to its Board of Directors. The term of their appointment is until the
next Annual General Meeting of the Company at which time they will
stand for election by the shareholders.
"We are extremely pleased to have Fred and Luis join the Board," said
Richard Falconer, Chairman of Jaguar's Board of Directors. "They bring
a wealth of experience and leadership that are particularly relevant to
Jaguar, our industry and our plans going forward. We welcome them to
the Board and look forward to benefitting from their leadership and
Mr. Hermann has 30 years of mining industry experience, most recently as
Chief Operating Officer for Breakwater Resources Ltd. and previously as
the Chief Inspector of Mines for British Columbia. His areas of
expertise include Health and Safety, Environment, Productivity
Improvement, Risk Management and Mitigation, and Crisis Management.
Mr. Hermann holds a B.A. in Economics from the University of Calgary
and Bachelor of Science and Master of Science degrees in Mining
Engineering from the South Dakota School of Mines and Technology.
Mr. Miraglia is a native of Minas Gerais, Brazil with 18 years of
experience in legal practice specializing in corporate law, mergers and
acquisitions, project finance, infrastructure projects and mining. He
holds a degree (JD equivalent) from the Universidade Federal de Minas
Gerais in Belo Horizonte, Brazil and a Master of Laws degree from the
University of Chicago Law School.
The appointment of Mr. Hermann and Mr. Miraglia coincides with the
departure of Gary German and John Andrews whose resignations, which
were tendered on June 29, 2012 following Jaguar's Annual General
Meeting, have been accepted by the Board. Gil Clausen, who similarly
offered to tender his resignation on June 29, 2012, will remain on the
Board based on the recommendation of the Governance Committee. It is
the view of the Governance Committee that retaining Mr. Clausen is in
the best interest of the Company largely due to the extensive mining
and financial experience he possesses and diligently brings to bear on
behalf of Jaguar.
Mr. German was instrumental in taking the Company public in 2002 and has
been on the Board since 2003, serving as Chairman from 2003 to 2012.
Following the initial public offering, Mr. German provided important
leadership that led to the ensuing years of remarkable growth in mining
assets and production.
Mr. Andrews joined the Board in 2011 and his leadership and management
expertise were critical to developing the plans now being implemented
to improve Jaguar's productivity, costs and cash flow. The Board
expressed great appreciation for his dedicated efforts and
accomplishments as interim Chief Executive Officer, a position he held
from from May to September of 2012. Special care and attention has been
taken over the past several weeks to ensure a continuation of the
operational transition that Mr. Andrews initiated and a smooth
transition from his leadership to that of the new management team.
"We want to thank Gary and John for their dedicated service to the
Company," Mr. Falconer stated. "The many contributions these gentlemen
have made in their service to the Board will be greatly missed."
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 220,000-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