# Jaguar Mining Inc. Reports Fourth Quarter and Full Year 2025 Operating Results Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/jaguar-mining-inc-reports-fourth-quarter-and-full-year-2025-operating-results--563a18ae-eab5-4bd2-bcd8-006c02ef243e Original source: https://money.tmx.com/en/quote/JAG/news/6709726810490994/jaguar-mining-inc-reports-fourth-quarter-and-full-year-2025-operating-results Publisher: tmx Original announcement: 2026-01-14T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Jaguar Mining Inc. - Ticker: JAG - Exchange: TSX - Region: Minas Gerais - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Production, Metallurgy - Extracted: 2026-08-21 18:52:45 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Jaguar Mining Inc. announced its preliminary operating results for Q4 and full year 2025, highlighting consistent performance from its Pilar mine and a significant step towards restarting the Turmalina mine with ANM approval for the MTL Complex. Consolidated gold production for the full year totaled 40,254 ounces, with net cash increasing to $60.3 million by year-end. The company plans to provide 2026 production guidance once operations at the MTL Complex have fully resumed. Reasoning: Jaguar Mining reported solid Q4 and full-year 2025 operating results from its Pilar mine, contributing to an improved net cash position and benefiting from favorable gold prices. The significant positive development is the ANM's approval to lift operational restrictions at the MTL Complex, paving the way for the Turmalina mine restart, which is a material step towards full operational capacity. However, overall production was down due to the Turmalina suspension, and 2026 guidance is pending. - Positive factor: ANM approval for MTL Complex restart - Positive factor: Pilar mine's consistent operating performance - Positive factor: Improved net cash position - Positive factor: Favorable gold prices - Positive factor: Qualified Person sign-off - Negative factor: Temporary suspension of Turmalina operations - Negative factor: Overall gold production decrease compared to prior year - Negative factor: Lack of formal 2026 production guidance Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 32 ## Classification and evidence **QP/CP Signed** Polarity: positive Story-specific tag Definition: 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 in the press release has been reviewed and approved by Luis Albano Tondo, CEO, FAusIMM, who is 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, BSc Mining Eng, MEngSc, MBA, FAusIMM, who is also of CEO of Jaguar Mining Inc. and is a "qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects \("NI 43-101"\). **Mine Restart** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The ANM officially lifted the restriction on operations at the MTL Complex, allowing the company to execute Stages 3, 4, and 5 of its Gradual Resumption Plan for the Turmalina Mine. Evidence · text > On January 7, 2026, the ANM officially lifted the restriction on operations at the MTL Complex. This decision reflects ANM's comprehensive review process and confirms Jaguar's compliance with the highest safety and operational standards. The approval allows the Company to execute Stages 3, 4, and 5 of its Gradual Resumption Plan, marking an important milestone toward the restart of operations at the Turmalina Mine. **Cash Position Improvement** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Net cash increased to $60.3 million as of December 31, 2025, up from $45.1 million at the end of the previous quarter and $43.0 million as of December 31, 2024. Evidence · text > As of December 31, 2025, net cash totalled $60.3 million, up from $45.1 million at the end of the previous quarter and $43.0 million as of December 31, 2024. **Operational Suspension** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The decrease in Q4 2025 gold production was primarily due to the temporary suspension of operations at Turmalina following a localized incident at the Satinoco dry-stacked facility in December 2024. Evidence · text > The decrease was primarily due to the temporary suspension of operations at Turmalina following a localized incident at the Satinoco dry-stacked facility in December 2024. **No Production Guidance** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The Company intends to provide formal production guidance for 2026 once operations have resumed at the MTL Complex and sufficient operating visibility has been re-established. Evidence · text > For 2026, given the importance of the MTL Complex to our overall outlook, the Company intends to provide formal production guidance once operations have resumed and sufficient operating visibility has been re-established. ## 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.