09:08 AM EDT, 04/17/2018 (MT Newswires) -- Jaguar Mining Inc. (JAG.TO) -- a junior gold mining, development, and exploration company operating in Brazil -- detailed Tuesday operating results for the first quarter ended March 31, 2018.

In summary, JAG said consolidated cash operating costs decreased to US$814 per ounce sold, a 12% improvement from Q1 2017 and 10% increase from Q4 2017. The company said it was "on track" to deliver 2018 COC annual guidance between $700 and $800 per ounce sold.

On 2018 Guidance, Jaguar said Pilar production guidance of 39,200 to 47,000 ounces reflects the company's reforecast for increased mineral resources reported in March 2018. The Pilar production is expected to offset the temporary halted production ounces from RG, which is temporarily on care and maintenance. For its part, RG performance reflects production from January 1 to March 21, 2018. JAG said Turmalina is positioned and expected to deliver "significantly higher" production in the second half of 2018.

JAG added it is on track to achieve 2018 gold production of between 95,000 and 105,000 ounces.

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