Jaguar Mining Sees 19% Production Increase in Q2 2026, Led by Turmalina Mine Growth

Jaguar Mining Inc. reported a 19% increase in consolidated gold production in Q2 2026, reaching 13,057 ounces. The Turmalina mine, fully operational for its first complete quarter since its restart, contributed 31% of total production, amounting to 3,994 ounces. The Pilar mine produced 9,063 ounces, with the company's overall performance surpassing both guidance and budget expectations by 306 ounces.

Efforts to increase operational flexibility were evident with significant developments in both Turmalina and Pilar mines. Turmalina advanced its ramp-up phase, processing 50,190 tonnes with an 84% recovery rate. The Pilar mine processed 96,020 tonnes, achieving an 89% recovery rate.

Financially, Jaguar reported a strong cash position of $74.8 million, up from last year's $48.3 million. The company remained on track to meet its 2026 production guidance of 50,000 to 60,000 ounces.