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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (92300)8/17/2020 12:21:01 PM
From: Goose94Read Replies (1) | Respond to of 202767
 
Jaguar Mining (JAG-T) new 52 week high, 87 cents



To: Goose94 who wrote (92300)8/19/2020 8:24:44 AM
From: Goose94Read Replies (1) | Respond to of 202767
 
Jaguar Mining (JAG-T) Mackie Research Buy Target $1 BUCKAROO

Pilar Reserve and Resource Update

Yesterday, Jaguar Mining announced updated reserve and resource estimates for its Pilar gold mine in Minas Gerais State, Brazil.

As of May 31, Proven and Probable Reserves at Pilar stood at 1.87Mt grading 4.00 g/t, sufficient to sustain current production rates for 4.5 years, or four years at our modelled rates.

Although we had expected the update to replace mine depletion, the grade came in notably higher than expected. All-in-all, we view the update as positive.

We maintain our BUY rating and increase our target price to $1.00/share from $0.90/share.