A Look At Jaguar Mining’s Valuation After Chame Exploration Update

Chame exploration update puts Jaguar Mining in focus

Interest in Jaguar Mining (TSX:JAG) has picked up after the company released a detailed update on drilling at its Chame target in Brazil, confirming widespread gold mineralization and planning further verification work near existing infrastructure.

See our latest analysis for Jaguar Mining.

The exploration news lands at a time when momentum has already been building, with Jaguar Mining’s 90 day share price return of 28.79% and a very large 1 year total shareholder return, alongside recent conference appearances and its 10 year TSX listing milestone.

If this kind of gold story has your attention, it could be worth seeing what else is on the move in our 27 elite gold producer stocks.

With Jaguar Mining posting strong recent returns, an intrinsic value gap and an analyst price target above the current CA$9.26 share price, investors may ask whether there is still a buying opportunity here or whether the market is already pricing in future growth.

Most Popular Narrative: 92.3% Undervalued

According to the most followed narrative on Jaguar Mining, the fair value of CA$120 sits far above the last close at CA$9.26, which puts the recent Chame drilling excitement into a wider context.

✅ Current reality: ~40k oz/yr, one mine (Pilar), high AISC, but no financial debt and some cash.

✅ Your path: ramp to 150k to 200k oz/yr via Turmalina restart, exploration, and a 3rd mill.

Read the complete narrative.

Want to see what kind of production ramp, cost profile and profit margins sit behind that valuation gap, and how long the runway is assumed to be?

Result: Fair Value of CA$120 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, this upbeat narrative still leans heavily on Turmalina coming back safely, as well as on higher production with lower AISC, both of which could disappoint.

Find out about the key risks to this Jaguar Mining narrative.

Next Steps

If this all sounds optimistic, it makes sense to move quickly, review the numbers yourself and weigh up both sides. You can start with 3 key rewards.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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