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Jaguar Mining


AceofKY

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Volume has been very good for the last couple of days. Rumours of a takeover, apparently, from what I gather from the Stockhouse board. I wouldn't put much faith in the rumour; Yamana has its plate full for a while and I can't imagine who else would be interested in JAG's fairly small Brazilian assets. I am ready to take some profits on this one, but I might hold on a little longer with this volume...

 

 

i1275936_Jag.png

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Volume has been very good for the last couple of days. Rumours of a takeover, apparently, from what I gather from the Stockhouse board. I wouldn't put much faith in the rumour; Yamana has its plate full for a while and I can't imagine who else would be interested in JAG's fairly small Brazilian assets. I am ready to take some profits on this one, but I might hold on a little longer with this volume...

 

 

i1275936_Jag.png

 

Anyone following these?

 

Found this little write up by Blackmont and looking around for information if anyone else would care to share?

 

http://supplytracking.com/blackmontjanuary72008.pdf

 

Suggest the takeover play still possible?

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Anyone following these?

 

Found this little write up by Blackmont and looking around for information if anyone else would care to share?

 

http://supplytracking.com/blackmontjanuary72008.pdf

 

Suggest the takeover play still possible?

 

Got in these at $6 and still holding my nerve, after bit of pull back following results, appear to be climbing again.

 

Anyone interested, results were

 

Consolidated Operations (Turmalina, Paciência and Sabara)

 

- In Q4 2008, the Company produced a record 37,916 oz of gold at an

average cash operating cost of $396/oz compared to 20,463 oz at an

average cash operating cost of $405/oz during the same period last

year. This represents a production increase of 85% over the

comparable quarter in 2007.

 

- Cash operating costs for Q4 2008 were 14% below the Q3 2008 average

cash operating cost due to improved plant and mine efficiencies and a

stronger U.S. dollar against the Brazilian real. The December cash

operating cost of $364/oz reflects the effect of improved grades and

mining costs incorporating the impact of more favorable exchange

rates.

 

- Q4 2008 gold sales rose to 35,138 oz at an average price of $793/oz,

87% above the comparable Q4 2007 gold sales of 18,742 oz at an

average price of $796/oz. Revenue in Q4 2008 also increased 87% to

$27.8 million from $14.9 million in Q4 2007.

 

- For FY 2008, the Company produced a record 115,348 oz of gold at an

average cash operating cost of $429/oz compared to 70,113 oz at an

average cash operating cost of $346/oz in 2007. This represents a

production increase of nearly 65%.

 

- Cash operating costs for FY 2008 were US $429/oz, 24% above the FY

2007 figure of US $346/oz. Costs were primarily higher due to the

commissioning of the Paciência operation and exchange rates, which

were unfavorable on balance.

 

- For FY 2008, the Company's gold sales totaled 108,944 oz at an

average realized price of $860/oz compared to gold sales of 67,350 oz

at an average realized price of $710/oz for FY 2007. Revenue for FY

2008 increased 96% to $93.7 million from $47.8 million in FY 2007.

 

Daniel Titcomb, Jaguar's President and CEO stated, "Jaguar's team continues to enhance the production profile of our operations in Brazil and we reached a significant milestone during November surpassing 100,000 oz of gold produced in any year. As we move into 2009, we continue to find new resources, which will assist us in our future growth plans, and we are very pleased with our progress. The expansion of Turmalina is underway and our cash flow from operations continues to grow."

 

All on company website. http://phx.corporate-ir.net/phoenix.zhtml?...p;p=irol-irhome

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