Jaguar Mining Reports Third Quarter 2026 Results with 67% Growth in Adjusted Net Income and 46% Higher Adjusted EBITDA
Key Highlights
- ➤Revenue rose 79% to $60.8 million on 46% higher gold sales
- ➤Adjusted net income increased 67% to $13.0 million, or $0.15 per share
- ➤Adjusted EBITDA climbed 46% to $23.8 million
- ➤2026 production guidance maintained at 50,000 to 60,000 ounces, lower end more likely
- ➤Free cash flow turned negative $15.1 million amid sustaining capital and Satinoco payments
Expert Statements
Luis Albano Tondo, CEO of Jaguar Mining
“Turmalina's ramp up production alongside Pilar lifted gold production by 30% and gold sales by 46% year-over-year”
Luis Albano Tondo, CEO of Jaguar Mining
“This was a quarter of deliberate investment. We increased primary and secondary development across all our mines, with 2,099 metres in the quarter, up 20% year-over-year, because that is what prepares the ground for future production.”
Luis Albano Tondo, CEO of Jaguar Mining
“Higher sustaining capital and a $9.1 million outflow to settle Satinoco obligations weighed on free cash flow, and unit costs rose as fixed costs are not yet absorbed by our current production base.”
Luis Albano Tondo, CEO of Jaguar Mining
“Looking ahead, we are preparing a Feasibility Study for the Paciência Complex and a Feasibility Study for Onças de Pitangui, while we consider our next steps on that project's licensing.”
Luis Albano Tondo, CEO of Jaguar Mining
“Together with the drilling that will tell us how much of our land package can be converted into reserves, these are the building blocks of our next phase of growth.”
TORONTO, ON / ACCESS Newswire / November 12, 2026 / Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG)(OTCQX:JAGGF) is pleased to report its financial and operational results for the third quarter ended September 30, 2026. Higher gold sales, supported by the contribution of the Turmalina Mine during its ramp-up phase and continued production at the Pilar Mine, together with higher realized gold prices, drove a 79% increase in revenue and a 46% increase in Adjusted EBITDA compared to the third quarter of 2025, partially offset by higher operating costs and increased capital expenditures.
The interim condensed consolidated financial statements for the three and nine months ended September 30, 2026 and accompanying management's discussion and analysis can be accessed by visiting the Company's website at https://jaguarmining.com or its profile page on SEDAR+ at www.sedarplus.ca. All figures are in US Dollars, unless otherwise expressed.
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