Jaguar Mining's Turmalina Mine Drives Q2 2026 Revenue Growth

Jaguar Mining Inc. has reported strong financial and operational results for the second quarter of 2026, driven by increased production at the Turmalina Mine in Brazil.

The company's revenue rose 43% to $51.4 million compared to Q2 2025, primarily due to a 35% increase in average realized gold price to $4,391 per ounce and a 6% increase in gold ounces sold.

Jaguar's consolidated gold production increased by 19% to 13,057 ounces, with 9,063 ounces coming from the Pilar Mine and 3,994 ounces from the Turmalina Mine. The company achieved an adjusted net income of $17.4 million ($0.20 per share), compared to $10.3 million ($0.12 per share) in the previous quarter and $16.3 million ($0.21 per share) in Q2 2025.

Jaguar's cash operating costs were $1,834 per ounce sold, while all-in sustaining costs were $2,840 per ounce. The company generated free cash flow of $6.6 million and increased its cash position to $74.0 million, with a working capital of $23.2 million.