Brief: Jaguar Mining reports quarterly loss per share $0.03

Jaguar Mining

11/05/2017 11:00

May 11 (Reuters) - Jaguar Mining Inc  JAG.TO - 
    * Jaguar Mining Inc - maintains production guidance for 2017 
    * Jaguar Mining reports q1 2017 results, 86% higher 
production at pilar, exploration success, maintains production 
guidance for 2017 
    * Jaguar Mining Inc - qtrly gold production increased 5% to 
22,292 ounces 
    * Jaguar Mining Inc - qtrly gold ounces sold increased to 
24,035 ounces versus 22,881 ounces sold in q1 2016 
    * Jaguar Mining Inc - has initiated a cost reduction program 
to offset some external factors 
    * Jaguar Mining Inc - cost reduction program includes 
reducing roça grande operations by approximately 40% in overall 
headcount at that site 
    * Jaguar Mining-in view of volatility in gold price and 
continued strengthening of brazilian real since sept 2015, co 
initiated a cost reduction program 
    * Qtrly loss per share $0.03 
    * Jaguar Mining Inc - qtrly revenue $29.2 million versus 
$26.7 million 
    * Jaguar Mining - will also continue its assessment of 
maintenance departments to further incorporate preventive 
procedures 
    * Jaguar Mining Inc - for the quarter , jaguar has been 
impacted by strengthening in brazilian real exchange rate 
relative to us dollar 
    * Jaguar Mining Inc - for the year, roça grande to reduce 
from 4 mining shifts to two shifts per day, while maintaining 
current production levels 
    * Jaguar-Subsequent to quarter-end, entered preliminary 
agreement with sprott private resource lending for $5 million 
tranche on terms similar to secured loan facility 
 
Source text for Eikon:  ID:nPnbw27S6a  
Further company coverage:  JAG.TO  
 
 ((bangalore.newsroom@thomsonreuters.com;))