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Jaguar Mining update on operations and national truckers strike impact

Mining News - Published on Wed, 13 Jun 2018

Image Source: SteelGuru
Jaguar Mining Inc announced that all underground mining activities at its Pilar and Turmalina Gold mines are back to normal following a 10-day national Truckers' strike that disrupted supply chain for critical mining consumables that impacted the Company's gold production. Although the strike has ended, the Company expects some shipping and logistics issues to persist over the coming weeks as transportation normalizes to clear delivery backlogs throughout the country. The Company is reviewing opportunities to increase inventory stock levels, where possible, to ensure mining activities remain uninterrupted and safe. The Company will provide an update on the impact to production with the release of second quarter operating results.

The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration dating back to the 16th century. The discovery in 1699–1701 of gold contaminated with iron and platinum-group metals in the southeastern corner of the Iron Quadrangle gave rise to the name of the town Ouro Preto (Black Gold). The Iron Quadrangle contains world-class multi-million-ounce gold deposits such as Morro Velho, Cuiaba, and Sao Bento. Jaguar holds the second largest gold land position in the Iron Quadrangle with just over 25,000 hectares.

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Posted By : Rabi Wangkhem on Wed, 13 Jun 2018
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