TSX: JAG
TORONTO, June 6, 2018 /CNW/ - Jaguar Mining Inc.
("Jaguar" or the "Company") (TSX: JAG) is pleased to announce
the voting results from its 2018 Annual General Meeting of
Shareholders (the "Meeting") held in Toronto, Ontario on June 5, 2018.
At the Meeting, shareholders voted in favour of all eight
nominees listed in the Company's Management Information Circular to
be elected to the Board of Directors. Each director will serve
until the next annual meeting of shareholders or until their
successors are elected or appointed or they otherwise cease to
serve as directors.
Detailed results of the vote for the election of directors held
at the meeting are set out below:
Nominee
|
Votes in
Favor
|
%
|
Votes
Withheld
|
%
|
Richard D.
Falconer
|
171,664,985
|
72.72%
|
64,398,550
|
27.28%
|
John Ellis
|
171,514,936
|
72.66%
|
64,548,599
|
27.34%
|
Robert
Getz
|
235,995,228
|
99.97%
|
68,307
|
0.03%
|
Benjamin
Guenther
|
235,995,247
|
99.97%
|
68,288
|
0.03%
|
Rodney
Lamond
|
235,995,673
|
99.97%
|
67,862
|
0.03%
|
Luis
Miraglia
|
164,139,263
|
69.53%
|
71,924,272
|
30.47%
|
Edward V.
Reeser
|
235,995,172
|
99.97%
|
68,363
|
0.03%
|
Thomas
Weng
|
235,840,704
|
99.91%
|
222,831
|
0.09%
|
A total of 245,338,887 shares were voted at the Meeting,
representing 75.46% of the issued and outstanding common shares of
the Company as at the record date.
At the Meeting, shareholders also voted in favour of
re-appointing KPMG LLP, Chartered Accountants, as the auditor of
the Company for the ensuing year. Voting results for all
resolutions can be found under Jaguar's profile
at www.sedar.com.
The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration
dating back to the 16th century. The discovery in 1699–1701 of gold
contaminated with iron and platinum-group metals in the
southeastern corner of the Iron Quadrangle gave rise to the name of
the town Ouro Preto (Black Gold).
The Iron Quadrangle contains world-class multi-million-ounce gold
deposits such as Morro Velho, Cuiabá, and São Bento. Jaguar holds
the second largest gold land position in the Iron Quadrangle with
just over 25,000 hectares.
About Jaguar Mining Inc.
Jaguar Mining Inc. is a Canadian-listed junior gold mining,
development, and exploration company operating in Brazil with three gold mining complexes and a
large land package with significant upside exploration potential
from mineral claims covering an area of approximately 64,000
hectares. The Company's principal operating assets are located in
the Iron Quadrangle, a prolific greenstone belt in the state of
Minas Gerais and include the Turmalina Gold Mine Complex and Caeté
Mining Complex (Pilar and Roça Grande
Mines, and Caeté Plant). The Company also owns the Paciência
Gold Mine Complex, which has been on care and maintenance since
2012. The Roça Grande Mine has been on temporary care and
maintenance since April 2018.
Additional information is available on the Company's website at
www.jaguarmining.com.
FORWARD-LOOKING STATEMENTS
Certain statements in this news release constitute
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking statements and
information are provided for the purpose of providing information
about management's expectations and plans relating to the future.
All of the forward-looking information made in this news release
are qualified by the cautionary statements below and those made in
our other filings with the securities regulators in Canada. Forward-looking information contained
in forward-looking statements can be identified by the use of words
such as "are expected", "is forecast", "is targeted",
"approximately", "plans", "anticipates" "projects", "anticipates",
"continue", "estimate", "believe" or variations of such words and
phrases or statements that certain actions, events or results
"may", "could", "would", "might", or "will" be taken, occur or be
achieved. All statements, other than statements of historical fact,
may be considered to be or include forward looking information.
This news release contains forward-looking information regarding,
among other things, production statistics, the timing and amount of
estimated future production, costs and timing of the development of
projects and new deposits, success of exploration, development and
mining activities, and restarting suspended or disrupted
operations. The Company has made numerous assumptions with respect
to forward-looking information contained herein, including, among
other things, assumptions about the estimated timeline for the
development of its mineral properties; the supply and demand for,
and the level and volatility of the price of, gold; the accuracy of
reserve and resource estimates and the assumptions on which the
reserve and resource estimates are based; the receipt of necessary
permits; market competition; ongoing relations with employees and
impacted communities; political and legal developments in any
jurisdiction in which the Company operates being consistent with
its current expectations including, without limitation, the impact
of any potential power rationing, tailings facility regulation,
exploration and mine operating licenses and permits being obtained
an renewed and/or there being adverse amendments to mining or other
laws in Brazil and any changes to
general business and economic conditions. Forward-looking
information involve a number of known and unknown risks and
uncertainties, including among others: the risk of Jaguar not
meeting the forecast plans regarding its operations and financial
performance; uncertainties with respect to the price of gold, labor
disruptions, mechanical failures, increase in costs, environmental
compliance and change in environmental legislation and regulation,
weather delays and increased costs or production delays due to
natural disasters, power disruptions, procurement and delivery of
parts and supplies to the operations; uncertainties inherent to
capital markets in general (including the sometimes volatile
valuation of securities and an uncertain ability to raise new
capital) and other risks inherent to the gold exploration,
development and production industry, which, if incorrect, may cause
actual results to differ materially from those anticipated by the
Company and described herein. In addition, there are risks and
hazards associated with the business of gold exploration,
development, mining and production, including environmental
hazards, tailings dam failures, industrial accidents and workplace
safety problems, unusual or unexpected geological formations,
pressures, cave-ins, flooding, chemical spills, and gold bullion
thefts and losses (and the risk of inadequate insurance, or the
inability to obtain insurance, to cover these risks). Accordingly,
readers should not place undue reliance on forward-looking
information.
For additional information with respect to these and other
factors and assumptions underlying the forward-looking information
made in this news release, see the Company's most recent Annual
Information Form and Management's Discussion and Analysis, as well
as other public disclosure documents that can be accessed under the
issuer profile of "Jaguar Mining Inc." on SEDAR
at www.sedar.com. The forward-looking
information set forth herein reflects the Company's reasonable
expectations as at the date of this news release and is subject to
change after such date. The Company disclaims any intention or
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
other than as required by law. The forward-looking information
contained in this news release is expressly qualified by this
cautionary statement.
SOURCE Jaguar Mining Inc.