Jaguar Mining (JAG) 2025 Precious Metals Summit - Zurich summary

Company Overview and Leadership

• Operates three underground gold mining complexes in Brazil's Iron Quadrangle, with over 20 years of production history.

• Holds 1.66Moz @ 4.19 g/t Au measured/indicated, 1.68Moz @ 3.56 g/t Au inferred resources, and 764koz @ 4.02 g/t Au reserves as of December 31, 2024.

• New CEO with extensive mining experience joined five months ago, supported by a skilled management and board team focused on ESG, safety, and community engagement.

Strategic Direction and Growth Pillars

• Strategy is built on maximizing core assets, leveraging exploration, and pursuing M&A opportunities for sustainable value creation.

• Plants have spare capacity, with a focus on finding more ore to utilize this.

• Exploration portfolio covers 46,000 hectares in a prolific gold region.

Operational and Financial Performance

• Produced 30,899 ounces of gold in the first nine months of 2025 at 3.9 g/t Au and BRL 1,845/oz, generating nearly BRL 60 million (US$59.8M) adjusted EBITDA.

• All-in sustaining cost (AISC) for 2025 was $1,844/oz Au, up from $1,651/oz in 2024.

• Market capitalization stood at C$449M as of November 2025.