TSX: JAG
TORONTO, Aug. 9, 2018 /PRNewswire/ - Jaguar Mining Inc.
("Jaguar" or the "Company") (TSX: JAG) is pleased to release
its 2017 Corporate Sustainability Report ("CSR"), which has a
detailed and transparent account of the Company's performance and
management of economic, environmental and social impacts of its
operations located in Brazil to
the end of December 31, 2017.
Rodney Lamond, President and
Chief Executive Officer, Jaguar Mining commented: "Our approach to
Corporate Sustainability encompasses a steadfast commitment to
responsible and sustainable mining practices that are the
cornerstone of our values embedded in our culture guiding
everything we do. We strive to build strong relationships in our
communities and continuously work to improve our safety practices
to protect the health and safety of our employees. Minimizing our
impact on the environment is an important priority and our duty. We
are also relentless on building trust with all of our
stakeholders."
Jaguar's 2017 CSR encompasses the Company's operations and is
based on the guidelines of the Global Reporting Initiative. The
report is available on Jaguar's website at
www.jaguarmining.com/csr/social-responsibility-report.
The CSR maps and prioritizes 10 material subjects that reflect
the Company's most significant areas of impact. These material
subjects are grouped into three main chapters: People, Environment,
and Dialogue and Relationships, reporting the Company's key results
in 2017.
People
Jaguar's core belief includes operating to achieve production
targets in an ethical and sustainable manner by always having a
trained, motivated and refreshed team. This core principle
generated positive results for the Company's workforce and people
management indicators in 2017, reducing turnover and absenteeism
rates across the board. The Company is also committed to diversity
among its workforce across the operation.
Environment
Our mission is to create and grow
sustainable value for its stakeholders. This mission guides all of
the Company's environmental impact management activities and
operational control systems.
Dialogue and Relationships
Our dialogue and relationships reflect the Company's ability to
understand the concerns and needs of stakeholders while developing
relevant actions and ensure sustainable performance. The Company
continuously strives to devise new local development processes by
integrating cultural, social, environmental and financial aspects,
in addition to valuing tangible and intangible resources in the
areas where we operate.
The Company established the "Seeds of Sustainability
Program" covering 12 major social initiatives for the
locations where the Company operates. More details on the Seeds of
Sustainability program are available on the Company's website at
www.jaguarmining.com/csr/estma-1.
About Jaguar Mining Inc.
Jaguar Mining Inc. is a Canadian-listed junior gold mining,
development, and exploration company operating in Brazil with three gold mining complexes and a
large land package with significant upside exploration potential
from mineral claims covering an area of approximately 64,000
hectares. The Company's principal operating assets are located in
the Iron Quadrangle, a prolific greenstone belt in the state of
Minas Gerais and include the Turmalina Gold Mine Complex 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. The Roça Grande Mine has been on temporary care and
maintenance since April 2018.
Additional information is available on the Company's website
at www.jaguarmining.com.
The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration
dating back to the 16th century. The discovery in 1699–1701 of gold
contaminated with iron and platinum-group metals in the
southeastern corner of the Iron Quadrangle gave rise to the name of
the town Ouro Preto (Black Gold).
The Iron Quadrangle contains world-class multi-million-ounce gold
deposits such as Morro Velho, Cuiabá and São Bento. Jaguar holds
the second largest gold land position in the Iron Quadrangle with
just over 25,000 hectares.
Forward-Looking Statements
Certain statements in this news release 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 made in this news release is
qualified by the cautionary statements below and those made in our
other filings with 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 results
"may," "could," "would," "might," or "will" be taken, occur or be
achieved. All statements, other than statements of historical fact,
may be considered to be or include forward-looking information.
This news release contains forward-looking information regarding,
among other things, expected sales, production statistics, ore
grades, tonnes milled, recovery rates, cash operating costs,
definition/delineation drilling, the timing and amount of estimated
future production, costs of production, capital expenditures, costs
and timing of the development of projects and new deposits, success
of exploration, development and mining activities, currency
fluctuations, capital requirements, project studies, mine life
extensions, restarting suspended or disrupted operations,
continuous improvement initiatives, and resolution of pending
litigation. The Company has made numerous assumptions with respect
to forward-looking information contained herein, including, among
other things, assumptions about the estimated timeline for the
development of its mineral properties; the supply and demand for,
and the level and volatility of the price of, gold; the accuracy of
reserve and resource estimates and the assumptions on which the
reserve and resource estimates are based; the receipt of necessary
permits; market competition; ongoing relations with employees and
impacted communities; political and legal developments in any
jurisdiction 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 known and unknown
risks and uncertainties, including among others: the risk of Jaguar
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 natural 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 results to differ materially from those anticipated by the
Company and described herein. In addition, there are risks and
hazards associated with the business of gold exploration,
development, mining and production, 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 inability 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 under the
issuer profile of "Jaguar Mining Inc." on SEDAR at www.sedar.com.
The forward-looking information set forth herein reflects the
Company's reasonable expectations as at the date of this news
release and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law. The forward-looking information contained in this news release
is expressly qualified by this cautionary statement.
View original
content:http://www.prnewswire.com/news-releases/jaguar-mining-releases-2017-corporate-sustainability-report-300694389.html
SOURCE Jaguar Mining Inc.