Jaguar Mining's Q2 2025 Financial Results: Pilar Mine's Strong Performance

Jaguar Mining Inc. reported its Q2 2025 financial results, highlighting the sole contribution from its Pilar mine after the temporary suspension of the Turmalina mine. Gold production was 10,973 ounces, all from Pilar, down from 16,829 ounces in Q2 2024. The decrease was due to a drop in processed ore, despite a 14% increase in head grade. Gold sales reached 10,986 ounces, with a realized price surge to $3,264 per ounce, a significant jump from $2,354 in the previous year.

Revenue for the quarter stood at $35.8 million, down from $44.8 million in Q2 2024, mainly impacted by lower sales volumes but cushioned by higher gold prices. Operating costs decreased to $13.1 million. The company reported a net loss of $6.6 million; however, when excluding the impact of the Turmalina incident, adjusted net income was $16.8 million.

CEO Luis Albano Tondo emphasized operational efficiencies and a pivotal performance from the Pilar mine despite the challenges, reaffirming Jaguar's focus on sustainable growth.