Jaguar Mining Provides Update on Truck Drivers’ Strike and Impact on Operations in Brazil
NEWS RELEASE
May 31, 2018 TSX: JAG
FOR IMMEDIATE RELEASE
Jaguar Mining Provides Update on Truck Drivers’ Strike and Impact on Operations in Brazil
Toronto, Canada, May 31, 2018 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) announced the
following update on the impact of a nati onwide Truck Drivers’ strike on the Company’s operations located in Brazil.
Over the past few weeks, the strike has resulted in delayed delivery of f uel and other critical mining consumables
needed to sustain normal course mining activities. In light of the ongoing delays in the delivery of these critical
materials, and to maintain the integrity of key safety measures in place across all operations, the Company is
significantly scaling back its underground mining activities at Pilar and Turmalina Gold mines. Gold processing
facilities will remain operational, while equipment maintenance and administrative oversight activities at both sites
will continue.
The Company continues to maintain sufficient level of working capital to meet its financial obligations. The Company
will continue to monitor the status of the strike and prov ide an update on the resumption of full production of the
underground mining operations once availability and the supply chain for mining consumables returns to normal
levels. The impact on the Company's production guidance will be assessed at the time of re-start.
For further information please contact:
Rodney Lamond
President & Chief Executive Officer
Jaguar Mining Inc.
416-847-1854
Forward-Looking Statements
Certain statements in this news releas e constitute "forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking statements 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
set forth in this news release is qualified by the cautionar y statements below and those made in our other filings with
the securities regulators in Canada. Forward-looking info rmation 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," "continue," "est imate," "believe," or variations of su ch words and phrases or statements that
certain actions, events or results "may ," "could," "would," "might," or "will" be taken, occur or be achieved. All
statements, other than statement s of historical fact, may be considered to be or include forward-looking information.
These forward-looking statements are made as of the date of this news release and the dates of technical reports, as
applicable. This news release contains forward-looking information regarding potential and, among other things,
expected future mineral resources, potential mineral production opportuni ties, geological and mineral exploration
statistics, ore grades, current and expect ed future assay results, and definition/ delineation/exploration drilling at the
Pilar Gold Mine and the Turmalina Gold Mine in Brazil, as well as forward-looking information regarding costs of
production, capital expenditures, costs and timing of t he development of projects and new deposits, success of
exploration, development and mining activities, capital requirements, project studies, mine life extensions, and
continuous improvement initiatives. The Company has made numerous assumptions with respect to forward-looking
information contained herein, including, among other thin gs, assumptions about the estimated timeline and for the
development of the drill program at the Pilar Gold Mine (and its expanded exploration footprint) and the Turmalina
Gold Mine; its mineral properties; the supply and demand fo r, and the level and volatility of the price of, gold; the
accuracy of reserve and resource esti mates and the assumptions on which the reserve and resource estimates are
based; the receipt of necessary permits; market com petition; ongoing relations with employees and impacted
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JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
communities; and political and legal developments in any jurisd iction in which the Company operates being consistent
with its current expectations including, without limitation, the impact of any potential power rationing, tailings facility
regulation, exploration and mine operating licenses and permits being obtained and renewed and/or there being
adverse amendments to mining or other laws in Brazil and any changes to general business and economic conditions.
Forward-looking information involves a number of know n and unknown risks and uncertainties, including among
others: the risk of Jaguar not meeting its plans regarding its operations and financial performance; uncertainties with
respect to the price of gold, labor disruptions, mechanical failures, increase in costs, environmental compliance and
change in environmental legislation and regulation, weathe r delays and increased costs or production delays due to
natural disasters, power disruptions, procurement and delivery of parts and supplies to the operations; uncertainties
inherent to capital markets in general (including the sometime s volatile valuation of securities and an uncertain ability
to raise new capital) and other risks inherent to the gold ex ploration, development and production industry, which, if
incorrect, may cause actual results to differ materially from those anticipated by the Company and described herein. In
addition, there are risks and hazards associated with t he business of gold exploration, development, mining and
production, including without limitation environmental hazards, tailings dam failures, industrial accidents and workplace
safety problems, unusual or unexpected geological formations, pressures, cave-ins, flooding, chemical spills, and gold
bullion thefts and losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these
risks). Although we have attempted to identify important fact ors that could cause actual actions, events or results to
differ materially from those described in forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as ac tual results and future events could di ffer materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on forward-looking information.