Jaguar’s gold operating assets include the MTL Complex (Turmalina mine and plant) and Caeté Complex (Pilar mine, Roça Grande mine and Caeté plant). The Roça Grande mine has been on care and maintenance since 2018. The Company also owns the Paciência Complex, which has been on care and maintenance since 2012.
Jaguar has various gold projects located close to its operating assets. These projects are expected to provide a long runway of low capital intensity, high return on invested capital growth for the Company for many years to come.
All of these assets are located in the Iron Quadrangle, a prolific greenstone belt near the city of Belo Horizonte in the state of Minas Gerais, Brazil. Belo Horizonte serves as the commercial center for Brazil’s mining industry and has excellent infrastructure to support world-class mining operations.
The Iron Quadrangle has been an area of mineral exploration for centuries, dating back to the 16th century. The Iron Quadrangle contains world-class multi-million ounce gold deposits such as Morro Velho, Cuiabá and São Bento.