Jaguar Mining: Predator Or Prey?
September 8, 2011
SeekingAlpha.com
Faithful followers of Jaguar Mining (JAG) have certainly ridden the roller coaster of mining ups and downs over the last couple of years. A company with tremendous assets in proven fields, Jaguar has suffered from operations setbacks and mismanagement, and has never reached its full potential. Is all that about to change with a strong showing in Q2 2011?
When I first began researching this stock back in March, I was met with an enigmatic feeling and I was unsure which way to go. I did not include the company in my portfolio for the reason that these types of high promise, low results companies-- especially in the mining sector-- can drag down an otherwise growing investor portfolio. With limited funds, investors cannot afford to hold onto underperforming companies for too long.
Jaguar has 7.5 million ounces of gold in 3 Brazil fields, with two more exploration projects coming online. Turmalina, located in the Iron Quadrangle, is an underexplored but solid greenbelt zone which produced 59,000 ounces in 2010. Paciência also had 59,000 ounces of production in 2010 and is located near mining capital of Brazil, Belo Horzonte. Jaguar has another site, Caete, located in Belo Horzonte, which produced 19,000 ounces in 2010. Jaguar is counting on very aggressive expansion of these fields in 2011 and 2012 to propel the company forward.
Full article: http://seekingalpha.com/article/292309-jaguar-mining-predator-or-prey?source=yahoo
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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