Canadian gold miner sells Brazilian royalties, boosts production

Photo: Jaguar

Canadian gold miner Jaguar Mining has signed a deal to sell its net smelter return royalty from gold production at the Brazil-based CentroGold project with Metalla Royalty & Streaming.


“The company has agreed that it will sell, transfer and assign to Metalla all of the company’s right, title and interest in and to the NSR for an ag-gregate purchase consideration valued at up to US$18,000,000,” the company said in a statement.


In the fourth quarter of 2020, Jaguar managed to increase its consolidated gold production by 13 percent, with some 22,533 oz produced, compared with 20,029 oz produced in the same period a year earlier, according to data released by the Canadian business.


Jaguar says its operations are focused on the Iron Quadrangle, a green-stone belt located in Minas Gerais, Brazil, where it owns three gold mining complexes.