Jaguar Corrects Transposition Error in Q3 MD&A
TSX: JAG
TORONTO, Nov. 12, 2013 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) has corrected and refiled its recently issued Management's Discussion and Analysis ("MD&A") dated November 7, 2013. On page 29 of the MD&A in the table "Summary of All-in Cost per Ounce of Gold Sold", two columns were inadvertently transposed - the dollar amounts for the nine-months ended September 30, 2013 and the three-months ended September 30, 2012. Jaguar notes this error and has corrected the table as stated below:
Summary of All-in Cost per Ounce of Gold Sold
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
| 2013 | 2012 | 2013 | 2012 | |
| Production cost per unaudited interim consolidated financial statements | $ 20,456 | $ 25,183 | $ 67,244 | $ 107,832 |
| Stock-based compensation (recoveries) - site-based | (5) | (100) | (14) | (444) |
| Adjusted Operating Costs | 20,451 | 25,083 | 67,230 | 107,388 |
| Corporate administration | 4,095 | 5,885 | 13,067 | 14,801 |
| Stock-based compensation (recoveries) - corporate | 55 | 427 | 345 | (1,868) |
| Accretion expenses (operating sites) | 262 | 279 | 783 | 1,007 |
| Exploration (sustaining) | 483 | 307 | 1,352 | 3,627 |
| Capital expenditure (sustaining) | 4,192 | 8,018 | 17,540 | 40,109 |
| All-in Sustaining Costs | 29,538 | 39,999 | 100,317 | 165,064 |
| Accretion expenses (non-operating sites) | 182 | 248 | 553 | 652 |
| Exploration (green field) | 160 | 730 | 761 | 801 |
| Capital expenditure (non-sustaining) | 116 | 463 | 233 | 6,166 |
| Care and maintenance (non-operating sites) | 487 | 3,126 | 1,941 | 3,126 |
| All-in Costs | $ 30,483 | $ 44,566 | $ 103,805 | $ 175,809 |
| Ounces of gold sold | 24,111 | 23,307 | 72,347 | 82,378 |
| Operating Costs / Oz of Gold Sold | $ 848 | $ 1,076 | $ 929 | $ 1,304 |
| All-in Sustaining Costs / Oz of Gold Sold | $ 1,225 | $ 1,716 | $ 1,387 | $ 2,004 |
| All-in Costs / Oz of Gold Sold | $ 1,264 | $ 1,912 | $ 1,435 | $ 2,134 |
About Jaguar Mining
Jaguar is a junior gold producer in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais and owns the Gurupi Project in Northern Brazil in the state of Maranhão. The Company also owns additional mineral resources at its approximate 210,000-hectare land base in Brazil. Additional information is available on the Company's website at www.jaguarmining.com.
SOURCE Jaguar Mining Inc.
Contact
Company Contacts
Douglas Willock
Chief Financial Officer
(647) 494-5524
douglas.willock@jaguarmining.com.br
