Jaguar Mining Inc. Announces Consolidated Production Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Production Guidance for the Full Year of 2016
For the full year, the company reported consolidated gold production of 90,421 ounces, compared to 92,057 ounces of gold in 2014, on increasing average grade profile of 3.67 g/t and strong recovery of 90%. Turmalina gold production of 50,659 ounces, up 5.6% compared to 47,968 ounces of gold in 2014, on higher grade of 4.25 g/t and higher recovery at 91%. Caeté gold production of 39,762 ounces on higher grade of 2.92 g/t and strong recovery of 89%. Gold sales of 92,988 ounces up slightly compared to 92,264 ounces of gold in 2014. Preliminary Cash and bullion at fiscal year end, December 31, 2015, approximately $15.3 million.
The company provided production guidance for the full year of 2016. For the full year of 2016, the company expects to produce Au production in the range of 90,000 ounces to 95,000 ounces.