https://www.miningweekly.com
Exploration|Infrastructure|Mining|PROJECT|Infrastructure
Exploration|Infrastructure|Mining|PROJECT|Infrastructure
exploration|infrastructure|mining|project|infrastructure

Jaguar completes purchase of Iamgold’s Brazil assets

14th September 2023

By: Creamer Media Reporter

     

Font size: - +

Toronto-listed Jaguar Mining will aim to move the newly acquired Pitangui project, in Brazil, into development as quickly as possible, president and CEO Vern Baker said on Wednesday, announcing the completion of the acquisition of Iamgold’s Brazil assets.

The company last month announced the acquisition of the Pitangui project, 110 km north-west of Belo Horizonte in Minas Gerais, and the remaining stake in the Acurui project, its Paciência plant in the Iron Quadrangle.

Jaguar acquired the assets by issuing 6.33-million shares to Iamgold subsidiary AGEM.

“The transaction increases our resource base and furthers our corporate strategy to leverage our extensive existing infrastructure to drive production growth through increased plant throughput,” said Baker.

Going forward, the plan is to focus on permitting the Pitangui project. The Acurui project complements the Paciencia property and will be considered a part of the exploration and development package that the firm has available to restart production at Paciencia in the future.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 01 March 2024
1st March 2024
Implats CEO Nico Muller
Implats expecting phased reduction in group output
29th February 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.142 0.175s - 92pq - 2rq
Subscribe Now