Origin Merchant Partners is pleased to announce that Jaguar Mining Inc. (“Jaguar”) has entered into an earn-in agreement with Avanco Resources Limited (“Avanco”).
Origin Merchant Partners acted as exclusive Financial Advisor to Jaguar with respect to this transaction.
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 191,000 hectares. The Company’s principal operating assets are located in a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex (“Mineração Turmalina Ltda” or “MTL”) and Caeté Gold Mine Complex (“Mineração Serras do Oeste Ltda” or “MSOL”) which combined produce more than 90,000 ounces of gold annually. The Company also owns the Paciência Gold Mine Complex, which has been on care and maintenance since 2012. Additional information is available on the Company’s website at www.jaguarmining.com.
Avanco Resources Ltd. is a Brazilian focused mining exploration and development company, targeting exploration and near- term production from copper and gold projects. Avanco’s Board of Directors and Management team have extensive global resource industry experience, particularly in Northern Brazil where they have recently commissioned the Antas copper-gold mine on-schedule and under budget. Avanco has offices in Perth, Australia; Rio de Janeiro; and Parauapebas, Brazil.