Jaguar Mining posts $9.5 million in quarterly net income, revises gold production up in Q2 kitconews gold silver mining economics finance metals investing
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According to a press-release, additional 993 ounces were found within the Turmalina electrowinning tank walls during a Q2 metallurgical reconciliation. Operating costs totaled $21.1 million in Q2 2022 compared to $17.4 million in Q2 2021. The 21% increase in operating costs was mainly due to inflation in the past twelve months, Jaguar said.
The company also announced that its Board of Directors has declared a cash dividend of C$0.04 per common share of the company, to be paid on August 31, 2022, to shareholders of record as of the close of business on August 23, 2022.
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