Jaguar Mining Announces 2008 Quarterly Operational Results.
International Resource News-22 January 2009-Jaguar Mining Announces 2008 Quarterly Operational Results(C)2009 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 22 January 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Jaguar Mining Inc (TSX: JAG) (NYSE Arca: JAG), a US-based company engaged in gold production, has announced its preliminary 2008 fourth quarter operating performance.
In fourth quarter 2008, the company produced a record 37,916 oz of gold at an average cash operating cost of USD396/oz compared to 20,463 oz at an average cash operating cost of USD405/oz during the same period last year. This represents a production increase of 85% over the comparable quarter in 2007. In fourth quarter 2008 gold sales rose to 35,138 oz at an average price of USD793/oz, 87% above the comparable fourth quarter 2007 gold sales of 18,742 oz at an average price of USD796/oz. Revenue in fourth quarter 2008 has increased by 87% to USD27.8m from USD14.9 million in fourth quarters 2007.For full year 2008, the company has produced a record 115,348 oz of gold at an average cash operating cost of USD429/oz compared to 70,113 oz at an average cash operating cost of USD346/oz in 2007. This represents a production increase of nearly 65%. For 2008, the gold sales totalled 108,944 oz at an average realised price of USD860/oz compared to gold sales of 67,350 oz at an average realised price of USD710/oz for 2007. Revenue for 2008 has increased by 96% to USD93.7m from USD47.8m in 2007.
[Editorial queries for this story should be sent to email@example.com]
((Distributed via M2 Communications Ltd - http://www.m2.com))
|Printer friendly Cite/link Email Feedback|
|Publication:||International Resource News (IRN)|
|Date:||Jan 22, 2009|
|Previous Article:||Innergex Power Income Fund Announces Cash Distribution.|
|Next Article:||Kinder Morgan Energy Partners Announces Increase in Quarterly Distribution.|