Jaguar Mining Delivers Strong Second Quarter 2026 Results Reflecting Increased Production at the Turmalina Mine, Minas Gerais, Brazil
Original announcement by tmx on
- Company
- Jaguar Mining Inc.
- Ticker
- JAG
- Exchange
- TSX
- Region
- Minas Gerais, Brazil
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Production, Resource update
- Extracted
- 2026-08-21 18:24:22 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Jaguar Mining reported strong second-quarter 2026 results, driven by increased gold production from the Turmalina Mine's ramp-up and continued strong performance at the Pilar Mine, alongside higher realized gold prices. The company achieved a 19% increase in gold production to 13,057 ounces and a 43% increase in revenue to $51.4 million compared to Q2 2025. This led to a net income of $15.5 million and positive free cash flow of $6.6 million, supporting ongoing exploration and development projects.
Reasoning: Jaguar Mining reported strong Q2 2026 results with increased gold production and revenue, driven by the Turmalina Mine ramp-up and higher gold prices, leading to improved profitability and a solid cash position, despite higher operating costs. The company also highlighted significant increases in its mineral reserves and resources as of December 31, 2025.
Positive factors
- Increased gold production and sales
- Significant revenue growth
- Strong net income and adjusted EBITDA
- Positive free cash flow generation
- Healthy cash operating and all-in sustaining margins
- Ramp-up of Turmalina Mine contributing to production
- Increased Proven and Probable Reserves and Measured and Indicated Resources (as of Dec 31, 2025)
Negative factors
- Increased cash operating costs and all-in sustaining costs per ounce sold compared to prior year
- Free cash flow per ounce sold decreased compared to prior year
Facts used in scoring: 19
Classification and evidence
Production Increasepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Consolidated gold production increased by 19% to 13,057 ounces in Q2 2026 compared to Q2 2025.
Evidence · text
“Consolidated gold production totalled 13,057 ounces ... This represents a 19% increase compared to the 10,973 ounces produced in Q2 2025”
AISC Increasenegative · Story-specific tag
No canonical definition is currently available.
Why it applies: All-in sustaining costs increased to $2,840 per ounce in Q2 2026 from $1,814 per ounce in Q2 2025.
Evidence · table
“2,840”
Context: All-in sustaining costs (per ounce sold)
Cash Flow Positivepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The company generated $6.6 million in free cash flow in Q2 2026.
Evidence · text
“The Company generated $6.6 million in free cash flow”
Reserve Growthpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Proven and Probable Mineral Reserves increased 12% to 858,000 ounces as at December 31, 2025.
Evidence · text
“Proven and Probable Mineral Reserves increased 12% to 858,000 ounces (6,861 kt at 3.89 g/t Au) as at December 31, 2025”
Resource Growthpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Measured and Indicated Mineral Resources increased 8% to 1,797,000 ounces as at December 31, 2025.
Evidence · text
“Measured and Indicated Mineral Resources as at December 31, 2025 increased 8% to 1,797,000 ounces”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Scientific and technical information has been reviewed and approved by Luis Albano Tondo (CEO) and Armando Massucatto (GM, Exploration), both employees of Jaguar Mining Inc. and each a 'qualified person' as defined by NI 43-101.
Evidence · text
“Scientific and technical information contained in this press release has been reviewed and approved by Luis Albano Tondo (CEO) and Armando Massucatto (GM, Exploration), both employees of Jaguar Mining Inc. and each a "qualified person" as defined by National Instrument 43-101”
Extracted facts
Stored fact records: 0. Some facts used in scoring do not have a stored record.
No stored fact records are available for this extraction.
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.