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Jaguar Mining (JAG -18%) gets hit today after lowering its FY11 gold production outlook to...

Jaguar Mining (JAG -18%) gets hit today after lowering its FY11 gold production outlook to 155,000-163,000 ounces at an average cash cost ranging from $835-$845 an ounce. The company attributes the reduction to continuing mill issues at its Paciência mine.
Comments (3)
  • MDLGTO
    , contributor
    Comments (208) | Send Message
     
    Titcomb is a clown. these are all issues that should have been telegraphed to the lone analyst (whose parent company is probably among the 15% short float) in June (when according to the news release the higher labor cost was agreed upon) as well as the top line deficit. Inexcusable. The VP of IR gets over 300K a year to what end? Also, part of higher cost of per ounce was management incentive? Incentive to a. screw up operations b. bungle communication with the investor community (unless of course the 300k VP of IR is helping the shorts) c. negotiate poorly with labor d. ?

     

    You could give a 100 monkeys an IPad and they would make better operational & communication decisions.

     

    LONG JAG
    19 Oct 2011, 08:44 PM Reply Like
  • jeff chalk
    , contributor
    Comment (1) | Send Message
     
    agree. tried to get of titcomb for 1 week. his schedulue is like a retired senior citizen.
    Gets in at 10.30, leaves for lunch at 11.30. returns at 2.30. goes home at 3.30. need i say more
    20 Oct 2011, 10:18 AM Reply Like
  • Sweet Potato
    , contributor
    Comment (1) | Send Message
     
    I have been emailing Jaguar daily to ask Mr. Titcomb step down. Any ideas how we can email the board?
    22 Oct 2011, 03:52 PM Reply Like
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