Jaguar Mining Announces Full Repayment of USD$7.85 Million Secured Bridge Facility
NEWS RELEASE
July 15, 2019 TSX: JAG
FOR IMMEDIATE RELEASE
Jaguar Mining Announces Full Repayment of
USD$7.85 Million Secured Bridge Facility
TORONTO, July 15, 2019 - Jaguar Mining Inc. (" Jaguar" or the " Company") (TSX: JAG) is pleased to
announce that it has fully repaid its senior secured bridge fac ility (the “ Facility”) with Auramet
International LLC for USD$7.85 million from the proceeds of Jaguar’s recently completed USD$25 million
private placement and general working capital. As a result, the Company’s pledge of the shares of its
wholly-owned subsidiary, Mineracao Serras Do Oeste Eireli (MSOL), as s ecurity for the Facility has been
discharged.
The net proceeds from the Facility, which was initially announc ed in Jaguar’s news release dated March
15, 2019, were used to fund working capital requirements, under ground development at Turmalina and
for general corporate purposes.
About Jaguar Mining Inc.
Jaguar Mining Inc. is a Canadian-listed junior gold mining, dev elopment, and exploration company
operating in Brazil with three gold mining complexes and a larg e land package with significant upside
exploration potential from mineral claims covering an area of a pproximately 64,000 hectares. The
Company's principal operating assets are located in the Iron Qu adrangle, a prolific greenstone belt in the
state of Minas Gerais and include the Turmalina Gold Mine Compl ex and Caeté Mining Complex (Pilar
and Roça Grande Mines, and Caeté Plant). The Company also owns the Paciência Gold Mine Complex,
which has been on care and maintenance since 2012 and the Roça Grande Mine which has been on care
and maintenance since April 2018. Additional information is ava ilable on the Company's website at
www.jaguarmining.com.
For further information, please contact:
- Ben Guenther, Interim Chief Executive Officer, Jaguar Mining Inc.,
[email protected], +1 416-847-1854
- Hashim Ahmed, Chief Financial Officer, Jaguar Mining Inc., ha [email protected],
+1 416-847-1854
Forward-Looking Statements
Certain statements in this news release constitute "forward-looking information" within the meaning of
applicable Canadian securities legisl ation. Forward-looking statement s and information are provided for
the purpose of providing information about management's expectations and plans relating to the future.
All of the forward-looking information made in this news release is qualified by the cautionary statements
below and those made in the Company’s other filings wi th the securities regulators in Canada. Forward-
looking information contained in forward-looking statements can be identified by the use of words such as
"are expected," "is forecast," "is targeted," "approximately," "plans," "anticipates," "projects," "anticipates,"
"continue," "estimate," "believe" or variations of such words and phrases or statements that certain
actions, events or result s "may," "could," "would," "might," or "w ill" be taken, occur or be achieved. All
statements, other than statements of historical fact, may be considered to be or include forward-looking
information. The Company has made certain assumpti ons with respect to forward-looking information
contained herein. Forward-looking information in volves a number of known and unknown risks and
uncertainties, including among others: the risk of Jagua r not meeting the forecast plans regarding its
operations and financial performance; uncertainties with respect to the price of gold, labour disruptions,
mechanical failures, increase in costs, environmental compliance and change in environmental legislation
and regulation, weather delays and increased costs or production delays due to nat ural disasters, power
disruptions, procurement and delivery of parts and supplies to the operations; uncertainties inherent to
capital markets in general (including the sometimes volatile valuation of securities and an uncertain ability
to raise new capital) and other risks inherent to the gold exploration, development and production
industry, which, if incorrect, may cause actual result s to differ materially from those anticipated by the
Company and described herein. In addition, there are risks and hazards associat ed with the business of
gold exploration, development, mining and producti on, including environmental hazards, tailings dam
failures, industrial accidents and workplace safety problems, unusual or unexpected geological
formations, pressures, cave-ins, flooding, chemical spills, procurement fraud and gold bullion thefts and
losses (and the risk of inadequate insurance, or the i nability to obtain insurance, to cover these risks).
Accordingly, readers should not place undue reliance on forward-looking information.
For additional information with respect to these and other factors and assumptions underlying the
forward-looking information made in this news release, see the Company's most recent Annual
Information Form and Management's Discussion and Analysis, as well as other public disclosure
documents that can be accessed un der the issuer profile of "Jaguar Mining Inc." on SEDAR at
www.sedar.com. The forward-looking information se t forth herein reflects the Company's reasonable
expectations as at the date of this news release an d is subject to change after such date. The Company
disclaims any intention or obligation to update or revi se any forward-looking information, whether as a
result of new information, future events or otherwise, other than as requ ired by law. The forward-looking
information contained in this news release is expressly qualified by this cautionary statement.