Jaguar Mining Inc. announced consolidated production results for the fourth quarter and full year of 2021. For the quarter, the company reported consolidated gold production increased 2% to 22,903 ounces, compared to production of 22,533 ounces a year ago. Consolidated tonnage processed was 213,000 tonnes at 3.81 g/t; an increase of 9% in grade and a decrease of 7% in tonnes from the fourth quarter of 2020 with 228,000 tonnes at 3.50 g/t. Primary development metres of 1,426 and secondary development metres of 1,189; totaling 2,615 metres which is a 3% increase on fourth quarter of 2020 development of 2,538 metres. Diamond Drill metres were at 27,136 a 26% increase from fourth quarter of 2020 drilling of 21,501 metres.

For the year, the company reported consolidated gold production for 2021 decreased 8% with 83,878 ounces compared to 2020 production of 91,118 ounces. Consolidated tonnage for 2021 processed was 856,000 tonnes at 3.47 grams per tonne (g/t), an increase of 6% in tonnes and a decrease of 13% in grade from 2020´s 804,000 tonnes processed at 3.98 g/t. Annual 2021 development of 4,722 primary and 4,835 secondary metres for a total of 9,557 metres, which is a decrease of 2% on fiscal year 2020 total metres developed of 9,725. Diamond Drill metres for fiscal year 2021 increased 17% to 80,043 metres from 68,397 metres in fiscal year 2020.