Fundraising Success For Jaguar Mining As Consolidation Looms

One of Brazil's fastest-growing gold producers, Jaguar Mining, has closed its previously announced public offering of common shares, selling 13,915,000 common shares at CAD6.20 per share for gross proceeds of CAD86.2mn (US$66.71mn). Jaguar will use the capital raised to fund the development of its Caeté Project, and CEO Daniel Titcomb said that this 'will help us continue to pursue our strategy to become a mid-sized gold producer with production of between 620,000 to 700,000 oz by 2014.' Jaguar boasts operations in a prolific greenstone belt in the state of Minas Gerais., and is actively exploring and developing additional mineral resources

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