Jaguar Mining Halts Operations At Turmalina Mine After Tailings Failure

Jaguar Mining (TSX: JAG) has suspended operations at one of its mines in Brazil following a failure at its tailings pile.

Operations at the Turmalina mine have been suspended, following a slump that occurred in the north wall of the associated Satinoco tailings pile. The pile, which consists of dry-stacked filtered tails and waste rock, failed on Saturday, with the company managing to evacuate personnel and nearby community members before the failure occurred.

Details on the size of the failure have not been provided, however the company indicating that certain infrastructure was impacted by the failure, including the maintenance area near the on-site shop, piping that feeds the filter plant, outdoor storage areas and an emergency exit from the Turmalina mine was covered.

A total of 134 nearby residents have also been evacuated and placed in local hotels.

The mine is expected to be closed for at least a month, with the timing of resumptions presently unknown. Officials from the company meanwhile are said to be working with local authorities as well as the Brazilian National Mining Agency.

Jaguar’s Turmalina mine last quarter produced 6,479 ounces of gold at an all in sustaining cost of $2,413 per ounce. The mine is the smallest operation in Jaguar’s portfolio in terms of production.

Jaguar Mining last traded at $3.65 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Jaguar Mining Sees Brazilian Government Attempt To Freeze $47.3 Million In Cash After Tailings Landslide

Jaguar Mining (TSX: JAG) has found itself in a tough situation in Brazil following a...

Friday, December 13, 2024, 09:59:46 AM

Jaguar Mining Posts US$40.7 Million In Revenue For Q3 2021

Jaguar Mining (TSX: JAG) released this morning its financial results for the third quarter ended September...

Monday, November 8, 2021, 09:26:00 AM

Jaguar Mining: Disaster In Brazil

In what has been a terrible year for optics for the mining industry, there has...

Sunday, December 15, 2024, 03:33:00 PM

Jaguar Mining Sees Turmalina Mine Shutdown By Regulators

Jaguar Mining (TSX: JAG) is facing further difficulties at its Turmalina Mine in Minas Gerais,...

Tuesday, December 17, 2024, 03:46:00 PM

IAMGOLD Sells Brazilian Exploration Properties To Jaguar Mining

IAMGOLD (TSX: IMG) continues to shed non-core assets as it continues to focus on it’s...

Wednesday, August 2, 2023, 09:14:54 AM