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UPDATE: Jaguar Mining Up 2% on TSX After Quarterly Result

Jaguar Mining Inc. (JAG.TO) jumped to $5.40 early Thursday after reporting a net income of $15.6 million or $0.18 per basic and fully diluted share for the quarter ended June 30, 2011. The income was generated from gold sales of $60.6 million, a quarterly record for the company. Cash generated from operating activities during the quarter totaled $21.7 million or $0.26 per basic and diluted share. It said these results compare favorably to gold sales of $36.9 million, a net loss of $14.2 million and cash generated from operating activities of $2.0 million as reported in Q2 2010.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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