Jaguar Corrects Transposition Error in Q3 MD&A
PRESS RELEASE
November 12, 2013 2013-15 For Immediate Release TSX: JAG
Jaguar Corrects Transposition Error in Q3 MD&A
Toronto, Ontario, Canada, November 12, 2013 - Jaguar Mining Inc. (“Jaguar” or the “Company”) (TSX: JAG) has corrected and refiled its recently issued Management’s Discussion and Analysis (“MD&A”) dated November 7, 2013. On page 29 of the MD&A in the table “Summary of All-in Cost per Ounce of Gold Sold”, two columns were inadvertently transposed - the dollar amounts for the nine-months ended September 30, 2013 and the three-months ended September 30, 2012. Jaguar notes this error and has corrected the table as stated below:
Summary of All-in Cost per Ounce of Gold Sold Three Months Ended Nine Months Ended September 30, September 30,
| 2013 | 2012 | 2013 | 2012 |
| $ 20,456 (5) | $ 25,183 (100) | $ 67,244 (14) | $ 107,832 (444) |
| 20,451 | 25,083 | 67,230 | 107,388 |
| 4,095 55 262 483 4,192 | 5,885 427 279 307 8,018 | 13,067 345 783 1,352 17,540 | 14,801 (1,868) 1,007 3,627 40,109 |
| 29,538 | 39,999 | 100,317 | 165,064 |
| 182 160 116 487 | 248 730 463 3,126 | 553 761 233 1,941 | 652 801 6,166 3,126 |
| $ 30,483 | $ 44,566 | $ 103,805 | $ 175,809 |
| 24,111 | 23,307 | 72,347 | 82,378 |
| $ 848 $ 1,225 $ 1,264 | $ 1,076 $ 1,716 $ 1,912 | $ 929 $ 1,387 $ 1,435 | $ 1,304 $ 2,004 $ 2,134 |
Production cost per unaudited interim consolidated financial statements Stock-based compensation (recoveries) - site-based
Adjusted Operating Costs
Corporate administration Stock-based compensation (recoveries) - corporate Accretion expenses (operating sites)
Exploration (sustaining)
Capital expenditure (sustaining)
All-in Sustaining Costs
Accretion expenses (non-operating sites)
Exploration (green field)
Capital expenditure (non-sustaining)
Care and maintenance (non-operating sites)
All-in Costs
Ounces of gold sold
Operating Costs / Oz of Gold Sold All-in Sustaining Costs / Oz of Gold Sold All-in Costs / Oz of Gold Sold
About Jaguar Mining
Jaguar is a junior gold producer in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais and owns the Gurupi Project in Northern Brazil in the state of Maranhão. The Company also owns additional mineral resources at its approximate 210,000-hectare land base in Brazil. Additional information is available on the Company’s website at www.jaguarmining.com.
Company Contacts
Douglas Willock Chief Financial Officer (647) 494-5524 [email protected]