Jaguar Mining Inc. Reports Operating Results for the Fourth Quarter and Full Year of 2017; Provides Earnings Guidance for the Fourth Quarter of 2017 and Operating Guidance for the Full Year of 2018
For the full year of 2017, the company's total gold production in 2017 was 84,151 ounces, reflecting 22% increase year-over-year in production at Pilar to 34,017 ounces. Tonnes milled were 833,000 (t) compared to 881,000 (t) for the same period a year ago.
The Company estimates that the fourth quarter of 2017 operating cash flow will be between USD 5 million to USD 6 million.
The company provided production guidance for the full year of 2018. For the period, the company expects Gold production to be in the range of 90,000 ounces to 105,000 ounces. Sustaining Capex expected to be in the range of USD 22,000,000 to USD 28,000,000.