Jaguar Mining 2010 Production Guidance
February 18 2010 - 5:30AM
Marketwired
Jaguar Mining Enterprises Inc (PINKSHEETS: JAGR) announces today
their production guidance for 2010.
Production in 2010 is expected to total 330,000 tons of ore
shipped. They expect to begin pre-production in May 2010 extracting
an average of 30,000 tons per month and ramping up to 60,000 tons
per month by August 2010. Based on its current projections, the
Company is forecasting gross revenues of $19,470,000.
About Jaguar Mining Enterprises, Inc.:
Jaguar Mining Enterprises, Inc. is an independent mining company
engaged in the acquisition, development, and exploitation of iron
ore primarily mined in Mexico. The company specializes in the
exploitation of iron ore mines with proven reserves. The company's
strategy is to locate, acquire and develop mine locations that
contain sufficient quantities of iron ore and require minimal
start-up costs. For additional information regarding Jaguar Mining
Enterprises please visit:
www.jaguarminingenterprises.com
Safe Harbor:
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
The company intends that such statements about the company's future
expectations, including future revenues and earnings, iron ore
production and all other forward-looking statements be subject to
the Safe Harbors created thereby.
Since these statements (future operational results and sales)
involve risks and uncertainties and are subject to change at any
time, the company's actual results may differ materially from the
expected results.
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Company Contact: Dale E. Williams Jaguar Mining Enterprises,
Inc. 1860 FM 359, #177 Richmond, TX 77406 Phone: (281) 712-1235
Fax: (281) 520-4378 Email: inquiry@jaguarminingenterprises.com
Website: www.jaguarminingenterprises.com Investor Relations
Contact: Microcap Management, LLC 2004 A West 120th Avenue
Westminster, CO 80234 Phone: (303) 465-2388 Fax: (303) 465-2507
Website: www.microcapmanagement.com
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