# Jaguar Mining Inc. Reports Fourth Quarter and Full Year 2025 Operating Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/jaguar-mining-inc-reports-fourth-quarter-and-full-year-2025-operating-results--0ce1a07e-4068-4f30-a4ad-8ac1eee480f4 Original source: https://money.tmx.com/en/quote/JAG/news/6709726810490994/jaguar-mining-inc-reports-fourth-quarter-and-full-year-2025-operating-results Publisher: tmx Original announcement: 2026-01-14T11:30:00.000Z 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: Production, Drill results, Permitting, Metallurgy - Extracted: 2026-09-14 06:51:01 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Jaguar Mining Inc. reported its fourth quarter and full year 2025 operating results, highlighting consistent gold production from its Pilar mine, which delivered 9,356 ounces in Q4 and 40,012 ounces for the full year. The company also announced the National Mining Agency \(ANM\) lifted operational restrictions at its Turmalina mine \(MTL Complex\) on January 7, 2026, marking a significant step towards its restart. Consolidated gold production for 2025 totaled 40,254 ounces, with 242 ounces from Turmalina related to prior flotation tests. Reasoning: The company reported Q4 and full-year 2025 operating results, highlighting consistent performance at Pilar and the significant milestone of regulatory approval for the Turmalina mine restart. While overall production was down due to the Turmalina suspension, the restart approval is a strong positive for future operations. - Positive factor: Regulatory approval for Turmalina mine restart - Positive factor: Pilar mine delivered reliable operating results - Positive factor: Strong net cash position at year-end - Positive factor: Geotechnical risks at Satinoco facility addressed - Negative factor: Overall gold production decreased in Q4 2025 compared to Q4 2024 - Negative factor: Reduced development and drilling meters in Q4 2025 compared to Q4 2024 Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 6 ## Classification and evidence **Production Update** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document reports fourth quarter and full year 2025 operating results, including gold production, tonnes milled, head grade, and recovery. Evidence · text > Jaguar Mining Inc. Reports Fourth Quarter and Full Year 2025 Operating Results **Mine Restart** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The National Mining Agency \(ANM\) officially lifted the restriction on operations at the MTL Complex, marking an important milestone toward the restart of operations at the Turmalina Mine. Evidence · text > On January 7, 2026, the ANM officially lifted the restriction on operations at the MTL Complex. **Regulatory Approval** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The ANM's decision to lift the restriction on operations at the MTL Complex reflects a comprehensive review process and confirms compliance with safety and operational standards. Evidence · text > On January 7, 2026, the ANM officially lifted the restriction on operations at the MTL Complex. **Operational Improvement** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Work completed at Satinoco in 2025 ensured the pile does not present any further geotechnical risks and supports the resumption of operations in the previously affected areas. Evidence · text > Work completed at Satinoco in 2025 ensured the pile does not present any further geotechnical risks **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Metallurgical Results (2) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/jaguar-mining-inc-reports-fourth-quarter-and-full-year-2025-operating-results--0ce1a07e-4068-4f30-a4ad-8ac1eee480f4#fact-metallurgical-facts-0) Pilar · gold #### Identity - Project: Pilar - Commodity: gold - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: JAG #### Recovery - Recovery: 89 % - Head Grade: 3.41 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-14T00:00:00.000Z Reasoning: Pilar mine delivered reliable operating results for Q4 2025, maintaining consistent head grade and recovery, though production was slightly lower than the previous year's quarter. - Positive factor: Consistent operating results from Pilar mine - Negative factor: Slight decrease in production compared to Q4 2024 Evidence · table > 96,177 Context: Tonnes milled \(t\) ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/jaguar-mining-inc-reports-fourth-quarter-and-full-year-2025-operating-results--0ce1a07e-4068-4f30-a4ad-8ac1eee480f4#fact-metallurgical-facts-1) Pilar · gold #### Identity - Project: Pilar - Commodity: gold - Region: brazil - Reported Region: Minas Gerais, Brazil - Ticker: JAG #### Recovery - Recovery: 89 % - Head Grade: 3.77 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-14T00:00:00.000Z Reasoning: Pilar mine delivered consistent operating results for the full year 2025, with gold production slightly exceeding the expected level. - Positive factor: Consistent operating results from Pilar mine - Positive factor: Production slightly above expected level Evidence · table > 370,253 Context: Tonnes milled \(t\) ## 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.