# Jaguar Mining Inc. Reports First Quarter 2026 Operating Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/jaguar-mining-inc-reports-first-quarter-2026-operating-results--48562d1e-b502-4136-a16c-49b353de0ba9 Original source: https://money.tmx.com/en/quote/JAG/news/5047119130126426/jaguar-mining-inc-reports-first-quarter-2026-operating-results Publisher: tmx Original announcement: 2026-04-20T10:30:00.000Z 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, Brazil - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Metallurgy, Production - Extracted: 2026-09-14 06:45:00 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Jaguar Mining reported Q1 2026 operating results, highlighted by the successful resumption of operations at the Turmalina Complex. While consolidated gold production of 9,629 ounces was slightly lower than Q1 2025, the Pilar Mine showed strong performance and the company maintains a robust cash position. Reasoning: The company successfully restarted the Turmalina mine after regulatory embargoes, though total gold production was slightly lower year-over-year due to the previous stoppage. - Positive factor: Successful resumption of Turmalina Complex operations - Positive factor: Pilar Mine delivering above-budget performance - Positive factor: Strong cash position of $72.1 million - Positive factor: Favorable gold prices averaging $4,876/oz - Negative factor: Decrease in consolidated gold production compared to Q1 2025 - Negative factor: Ongoing costs related to Satinoco tailings incident Facts used in scoring: 2 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release includes a sign-off by a Qualified Person \(Luis Albano Tondo\). Evidence · text > reviewed and approved by Luis Albano Tondo... who is also Chief Executive Officer of Jaguar Mining Inc. and is a "qualified person" as defined by National Instrument 43-101 **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: 2 distinct composites were tested ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Metallurgical Results (2) ### unspecified [Link to this fact](https://atlas-extractions.minestarters.com/news/jaguar-mining-inc-reports-first-quarter-2026-operating-results--48562d1e-b502-4136-a16c-49b353de0ba9#fact-metallurgical-facts-0) Pilar Mine · gold #### Identity - Project: Pilar Mine - Commodity: gold - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: JAG #### Test Work - Program Status: optimization - Test Type: unspecified - Sample: Pilar Mine Q1 2026 production #### Recovery - Recovery: 89 % - Recovery Basis: unspecified - Head Grade: 3.87 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Standard production results for the Pilar Mine. - Positive factor: Stable recovery of 89% - Negative factor: Lower ROM tonnage due to infrastructure focus Evidence · text > Pilar Mine delivered gold production of 8,776 ounces of gold for the first quarter of 2026, generated from 79,154 tonnes processed at an average head grade of 3.87 g/t and metallurgical recovery of 89% ### unspecified [Link to this fact](https://atlas-extractions.minestarters.com/news/jaguar-mining-inc-reports-first-quarter-2026-operating-results--48562d1e-b502-4136-a16c-49b353de0ba9#fact-metallurgical-facts-1) Turmalina Mine · gold #### Identity - Project: Turmalina Mine - Commodity: gold - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: JAG #### Test Work - Program Status: optimization - Test Type: unspecified - Sample: Turmalina Mine Q1 2026 production #### Recovery - Recovery: 62 % - Recovery Basis: unspecified - Head Grade: 3.39 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Significant milestone as the mine has just resumed operations. - Positive factor: Successful restart after regulatory embargo - Negative factor: Lower recovery \(62%\) compared to Pilar Evidence · text > Turmalina Mine produced 854 ounces of gold in the first quarter of 2026 #### Tags used in scoring **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 62% is below the weak band \(80%\) ## 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.