Kinda surprised that no one posted this back when it was released.

Thought I was bad at the DD stuff ;-)

Anyways, just trying to balance the Friday downgrade from my previous post.

Link to the complete release is at the end where I snipped it (kinda long).

Did anyone happen to listen to the conference call?

Conference call link at bottom of page: http://www.jaguarmining.com/s/home.asp

Jaguar Mining Reports Q4 and FY 2010 Earnings

CONCORD, NH, Mar 21, 2011 (Canada NewsWire via COMTEX) --

JAG - TSX/NYSE

Jaguar Mining Inc. ("Jaguar" or the "Company") (JAG: TSX/NYSE) reports its financial and operational results for the period ended December 31, 2010. The Company is also providing the date it intends to issue its preliminary Q1 2011 operating results and progress within this release. All figures are in U.S. dollars unless otherwise indicated.

FY 2010 Highlights

    --  Revenue of $170.8 million, an increase of 21% over 2009.
    --  Net loss of $23.8 million or ($0.28) per basic and fully
        diluted share for the year ended December 31, 2010 compared to
        a net loss of $8 million or ($0.10) per basic and fully diluted
        share for the same period in 2009.  Adjusted net loss,
        excluding special non-operating and non-recurring charges,
        totaled $12.2 million or ($0.15) per share (See Non-GAAP
        Performance Measures).
    --  Gross profit of $12.4 million, a decrease of 71% from 2009,
        largely due to higher operating costs caused by the stronger
        Brazilian real and geo-mechanical operational issues at
        Jaguar's Turmalina mining operation.
    --  Gold production of 137,867 ounces at an average cash operating
        cost of $732 per ounce compared to 148,742 ounces at an average
        cash operating cost of $462 per ounce during 2009 (see Non-GAAP
        Performance Measures).  The primary reason for the decline in
        production was primarily attributable to the geo-mechanical
        problems at the Turmalina Mine during the second half of 2010.
        The Sabará operation has been excluded from the 2009 figures as
        it was placed on long-term care and maintenance during the
        second half of 2009.
    --  Cash generated by operating activities totaled $19.6 million, a
        decrease of 39% from 2009.
    --  Investments of $131.9 million in growth projects, an increase
        of 54% from 2009.
    --  As of December 31, 2010, the Company held cash, cash
        equivalents and short-term investments of approximately $39.2
        million.  On February 9, 2011, the Company closed a $103.5
        million private offering of convertible notes that increased
        its cash and short term investments to $119.5 million as of
        February 28, 2011.
    --  Achieved underground development targets by completing 18.8
        kilometers of development.
    --  Commissioned the Caeté operation, Jaguar's third integrated
        mining-processing facility.

Q4 2010 Highlights

    --  Revenue of $44.6 million, an increase of 13% over 2009.
    --  Net loss of $9.5 million or ($0.11) per basic and fully diluted
        share compared to a net loss of $29.4 million or ($0.36) per
        basic and fully diluted share in Q4 2009. Adjusted net loss,
        excluding special non-operating and non-recurring charges,
        totaled $6.4 million or ($0.08) per basic and fully diluted
        share compared to a Q4 2009 adjusted net loss of $3.7 million
        or ($0.05) per basic and fully diluted share in Q4 2009. (See
        Non-GAAP Performance Measures).
    --  Gross profit of $2.8 million, a decrease of 73% from Q4 2009.
    --  Gold production of 34,682 ounces at an average cash operating
        cost of $762 per ounce compared to 39,891 ounces at an average
        cash operating cost of $539 per ounce in Q4 2009 (see Non-GAAP
        Performance Measures).  The decrease in production from the
        prior year was largely attributable to management's decision to
        halt ore production in the Turmalina Ore Body A due to
        geo-mechanical issues during the quarter and divert efforts to
        forward development.
    --  Cash generated by operating activities totaled $24,000, a
        decrease of 98% from Q4 2009. Cash flow from operations,
        excluding changes in non-cash operating working capital,
        totaled approximately $3 million in Q4 2010 (see Non-GAAP
        Performance Measures).
    --  Investments of $22.6 million in growth projects in Q4 2010, a
        decrease of 31% from Q4 2009.

Commenting on the 2010 performance, Daniel R. Titcomb, Jaguar's
 President and CEO stated, "We faced a challenging year at our Turmalina
 and Paciência operations where both production and cash operating costs
 were adversely affected.  Over the past eight months, our operating
 teams have worked diligently to improve these operations into
 healthier, more productive and sustainable mines.  Turmalina required a
 change in the mining method, which we completed in early-2011.  At each
 of our underground mines we have significantly increased the backfill
 systems and development of the infrastructure, adding more stopes and
 faces which adds to our flexibility.  Through this effort, we now have
 between 10 and 18 months of fully developed reserves, ready for mining
 to support our 2011 production target.  Our progress is in part tied to
 recent management changes implemented in the operations.  We expect
 significant improvements as we move through 2011.  As important, the
 successful commissioning of our new Caeté operation, the third such
 integrated mining complex we have built, should represent a significant
 source of gold production and a platform for further growth for years
 to come."  

Summary of Key Operating Results

The following is a summary of key operating results.

...<snip>...