03:50 PM EST - Jaguar Mining Inc. : announced that it has produced 40,758 ounces of gold at an average cash operating cost of $466 per ounce in the second quarter, compared to 20,782 ounces at an average cash operating cost of $455 per ounce during the same period last year, a production increase of 96%. Gold production for the second quarter increased 24% or by 7,890 ounces over the first quarter of 2009 gold production largely as a result of the re-start of leachingoperations at Sabara in April 2009, which was idle during first quarter due to seasonal effects of heavy rainfall. Gold sales for the quarter rose to 35,560 ounces at an average price of $922 per ounce, 51% above the comparable second quarter of 2008 gold sales of 23,537 ounces at an average price of $900 per ounce. Jaguar Mining Inc.
shares T.JAG are trading down $0.16 at $8.32.
