Jaguar Mining (JAG) 2025 Precious Metals Summit Beaver Creek Conference summary

Leadership and operational overview

• New CEO with extensive gold mining experience leads a seasoned management team, supported by a diverse board and deep industry expertise.

• Operates three underground gold mining complexes in Brazil's Iron Quadrangle, with over 20 years of production history.

• Team restructuring underway, combining experienced leadership with long-tenured younger staff.

• Emphasizes responsible mining, ESG principles, safety, and community engagement.

Corporate assets and resources

• Holds 1.66Moz @ 4.19 g/t Au M&I resources, 1.68Moz @ 3.56 g/t Au inferred resources, and 764koz @ 4.02 g/t Au global reserves as of December 31, 2024.

• Pilar Mine produced 20,897 oz Au in H1 2025 at 4.02 g/t Au and AISC of $1,725/oz.

• Holds 46,000 hectares of mineral rights, second only to AngloGold Ashanti in the region.

• Over 400 exploration targets identified, prioritized by proximity to infrastructure and data quality.

• Operations are located in the prolific Iron Quadrangle, a major gold and iron mining region.

Growth strategy and production outlook

• Three-pillar growth strategy: maximize core assets, leverage exploration, and pursue M&A opportunities.

• Pilar Mine expected to produce 40,000 ounces in 2024; Turmalina Mine to restart in Q1 2026.

• Production forecast to double to 80,000 ounces in 2026 with Turmalina, and reach 140,000 ounces within 3–5 years after Onças de Pitangui ramps up.

• Onças de Pitangui project development begins H2 2026, targeting first production in H2 2027 and ramping up to 42koz/year.

• Strategic acquisitions in Brazil aim to deepen presence, accelerate production scale, and diversify the reserve base.