Jaguar Mining (TSX: JAG) released this morning its financial results for the third quarter ended September 30, 2021. The results highlighted a quarterly revenue of US$40.7 million, a decrease from Q3 2020’s revenue of US$43.5 million.
The firm said the decline in revenue is mainly due to a reduction in the average realized gold price: US$1,753 per ounce from US$1,896 per ounce for the same comparable period last year.
The company also produced a total of 22,603 gold ounces for the quarter, a drop from 24,094 gold ounces last year. However, the company has more gold sold this quarter with 23,247 gold ounces compared to 22,935 gold ounces last year.
Sponsored · Mercado Minerals
Further down the financials, the mining firm earned US$11.4 million net income this quarter, down from last year’s US$16.5 million net income. This translates to US$0.16 earnings per share.
Calibrating for financial items, the adjusted EBITDA came in at US$19.2 million compared to US$27.2 million last year.
The mining firm also generated cash from operating activities amounting to US$16.4 million, also a decline from last year’s US$21.9 million. On the other hand, the free cash flow generated this quarter came in at US$9.8 million, down from US$14.9 million.
Jaguar Mining last traded at $4.43 on the TSX.
Information for this briefing was found via Sedar and Jaguar Mining. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
