09:56 AM EST - Jaguar Mining Inc. : Announced financial results for the third quarter ended September 30, 2022. All figures are in U.S. dollars, unless otherwise expressed. Q3 2022 Financial Highlights. Revenue for Q3 2022 decreased 7% to $37.8 million, compared with $40.7 million in Q3 2021, mainly due to a decrease in the average realized gold price of $1,711 per ounce in Q3 2022 compared to $1,753 per ounce in Q3 2021.Net income for Q3 2022 decreased to $6.5 million, compared with $11.4 million in Q3 2021. Major variances included a $2.9 million decline in revenue, $2.7 million increase in operating costs, $0.7 million reduction on foreign exchange gain, and a $0.7 million increase in finance costs, offset by an income tax expense reduction of $2.5 million. Jaguar Mining Inc.
shares T.JAG are trading down $0.03 at $2.83.
