Jaguar Mining Future Growth

Future criteria checks 4/6

Jaguar Mining is forecast to grow earnings and revenue by 26.4% and 15.1% per annum respectively while EPS is expected to grow by 26.1% per annum.

Key information

26.4%

Earnings growth rate

26.07%

EPS growth rate

Metals and Mining earnings growth	19.5%
Revenue growth rate	15.1%
Future return on equity	n/a
Analyst coverage	Low
Last updated	06 Apr 2026

Recent future growth updates

Recent updates

Investors Still Aren't Entirely Convinced By Jaguar Mining Inc.'s (TSE:JAG) Revenues Despite 26% Price Jump

Dec 02

Q4 2025 ASIC

Nov 17🪙 Jaguar Mining (JAG.TO / JAGGF) – High-Torque Brazil Gold Producer Snapshot (2025) Latest Snapshot (as of late 2025) Mines & assets Producing mine: Pilar (Brazil). Turmalina mine: temporarily suspended after a dry-stack tailings incident in Dec 2024; restart and remediation plan in progress.

There's No Escaping Jaguar Mining Inc.'s (TSE:JAG) Muted Revenues Despite A 30% Share Price Rise

Oct 15

Jaguar Mining Inc. (TSE:JAG) Stock Catapults 33% Though Its Price And Business Still Lag The Industry

Aug 30

Jaguar Mining Inc.'s (TSE:JAG) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Jun 01

Jaguar Mining (TSE:JAG) Is Looking To Continue Growing Its Returns On Capital

May 09

Jaguar Mining Inc. (TSE:JAG) Looks Inexpensive After Falling 32% But Perhaps Not Attractive Enough

Nov 12

Jaguar Mining Inc.'s (TSE:JAG) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Aug 20

We Think Jaguar Mining (TSE:JAG) Is Taking Some Risk With Its Debt

Jul 16

Investors Will Want Jaguar Mining's (TSE:JAG) Growth In ROCE To Persist

Jun 30

Improved Earnings Required Before Jaguar Mining Inc. (TSE:JAG) Stock's 39% Jump Looks Justified

Apr 06

Earnings Troubles May Signal Larger Issues for Jaguar Mining (TSE:JAG) Shareholders

Apr 01

These 4 Measures Indicate That Jaguar Mining (TSE:JAG) Is Using Debt Reasonably Well

Dec 07

Earnings and Revenue Growth Forecasts

TSX:JAG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	327	186	77	233	1
12/31/2027	255	178	45	237	1
12/31/2026	206	67	-14	111	1
12/31/2025	135	-16	-5	19	N/A
9/30/2025	139	-15	11	35	N/A
6/30/2025	144	-26	16	41	N/A
3/31/2025	153	-6	19	49	N/A
12/31/2024	159	-1	24	57	N/A
9/30/2024	152	29	19	51	N/A
6/30/2024	145	31	11	45	N/A
3/31/2024	133	16	-1	34	N/A
12/31/2023	137	16	-1	36	N/A
9/30/2023	137	17	-6	37	N/A
6/30/2023	143	19	0	44	N/A
3/31/2023	148	30	0	43	N/A
12/31/2022	143	21	-3	41	N/A
9/30/2022	149	13	6	40	N/A
6/30/2022	152	18	9	43	N/A
3/31/2022	150	12	12	46	N/A
12/31/2021	151	24	11	45	N/A
9/30/2021	152	45	13	56	N/A
6/30/2021	155	50	22	62	N/A
3/31/2021	161	66	39	76	N/A
12/31/2020	160	72	44	79	N/A
9/30/2020	146	51	37	68	N/A
6/30/2020	125	35	19	50	N/A
3/31/2020	107	14	-2	30	N/A
12/31/2019	97	0	-8	24	N/A
9/30/2019	90	-18	N/A	20	N/A
6/30/2019	92	-17	N/A	22	N/A
3/31/2019	91	-16	N/A	19	N/A
12/31/2018	95	-16	N/A	21	N/A
9/30/2018	100	15	N/A	21	N/A
6/30/2018	101	5	N/A	22	N/A
3/31/2018	101	3	N/A	18	N/A
12/31/2017	105	-3	N/A	15	N/A
9/30/2017	109	-28	N/A	18	N/A
6/30/2017	116	-52	N/A	20	N/A
3/31/2017	123	-76	N/A	30	N/A
12/31/2016	121	-83	N/A	38	N/A
9/30/2016	117	-72	N/A	36	N/A
6/30/2016	112	-36	N/A	30	N/A
3/31/2016	104	-13	N/A	22	N/A
12/31/2015	107	-11	N/A	24	N/A
9/30/2015	105	-103	N/A	16	N/A
6/30/2015	106	-117	N/A	12	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: JAG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3%).

Earnings vs Market: JAG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: JAG is expected to become profitable in the next 3 years.

Revenue vs Market: JAG's revenue (15.1% per year) is forecast to grow faster than the Canadian market (5% per year).

High Growth Revenue: JAG's revenue (15.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if JAG's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/06 22:46
End of Day Share Price	2026/05/06 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Jaguar Mining Inc. is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Richard Gray	ATB Cormark Historical (Cormark Securities)
John Hayes	BMO Capital Markets Equity Research
John Bridges	J.P. Morgan

Jaguar Mining Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Jaguar Mining Inc. Announces Approval from ANM for Resumption of Key Operations At its MTL Complex, Powering Future Growth with Safety & Excellence

Jaguar Mining Inc. Reports Temporarily Suspends Operations at Its Turmalina Mine Following an Incident at the Satinoco Tailings Pile

Jaguar Mining Inc. Provides Production Guidance for the Full Year of 2023

Jaguar Mining Inc. Provides Production Guidance for the Full Year of 2022

Jaguar Mining Inc. Provides Production Guidance for the Full Year of 2022

Recent updates

Jaguar Mining Inc., Annual General Meeting, Jun 18, 2026

Jaguar Mining Inc. Provides Update on Geologic Interpretation at the Chame Target, Part of the Company's CPA Project in Minas Gerais, Brazil

Jaguar Mining Inc. Announces Approval from ANM for Resumption of Key Operations At its MTL Complex, Powering Future Growth with Safety & Excellence

Jaguar Mining Inc. Announces Executives Appointment

Investors Still Aren't Entirely Convinced By Jaguar Mining Inc.'s (TSE:JAG) Revenues Despite 26% Price Jump

Q4 2025 ASIC

Third quarter 2025 earnings released: EPS: US$0.16 (vs US$0.029 in 3Q 2024)

Jaguar Mining Inc. announced that it has received CAD 25.000003 million in funding

There's No Escaping Jaguar Mining Inc.'s (TSE:JAG) Muted Revenues Despite A 30% Share Price Rise

Jaguar Mining Inc. announced that it expects to receive CAD 25.000003 million in funding

Jaguar Mining Inc. (TSE:JAG) Stock Catapults 33% Though Its Price And Business Still Lag The Industry

Second quarter 2025 earnings released: US$0.083 loss per share (vs US$0.17 profit in 2Q 2024)

Jaguar Mining Inc.'s (TSE:JAG) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

First quarter 2025 earnings released: US$0.02 loss per share (vs US$0.036 profit in 1Q 2024)

Jaguar Mining (TSE:JAG) Is Looking To Continue Growing Its Returns On Capital

Jaguar Mining Inc., Annual General Meeting, Jun 20, 2025

Full year 2024 earnings released: US$0.016 loss per share (vs US$0.21 profit in FY 2023)

Investor sentiment improves as stock rises 15%

Insufficient new directors

Jaguar Mining Inc. to Report Q4, 2024 Results on Mar 27, 2025

Jaguar Mining Inc. Provides Update on Progress Since the Previously Announced Incident At the Satinoco Tailings Pile

Jaguar Mining Inc. Reports Temporarily Suspends Operations at Its Turmalina Mine Following an Incident at the Satinoco Tailings Pile

Investor sentiment deteriorates as stock falls 26%

Investor sentiment improves as stock rises 17%

Jaguar Mining Inc. (TSE:JAG) Looks Inexpensive After Falling 32% But Perhaps Not Attractive Enough

Third quarter 2024 earnings released: EPS: US$0.029 (vs US$0.051 in 3Q 2023)

Investor sentiment improves as stock rises 23%

Jaguar Mining Inc. Provides Update on BA Zone Development and Exploration Progress

Insufficient new directors

Jaguar Mining Provides Update on Faina Development and Drilling Activities

Jaguar Mining Inc.'s (TSE:JAG) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Second quarter 2024 earnings released: EPS: US$0.17 (vs US$0.015 loss in 2Q 2023)

Investor sentiment deteriorates as stock falls 16%

We Think Jaguar Mining (TSE:JAG) Is Taking Some Risk With Its Debt

Investor sentiment improves as stock rises 24%

Investors Will Want Jaguar Mining's (TSE:JAG) Growth In ROCE To Persist

Jaguar Mining Inc. Provides Update on Faina Access and Intersects High Grades in Development and Diamond Drill Holes

First quarter 2024 earnings released: EPS: US$0.036 (vs US$0.034 in 1Q 2023)

Jaguar Mining Inc. to Report Q1, 2024 Results on May 08, 2024

Improved Earnings Required Before Jaguar Mining Inc. (TSE:JAG) Stock's 39% Jump Looks Justified

Jaguar Mining Inc., Annual General Meeting, Jun 21, 2024

Investor sentiment improves as stock rises 18%

Earnings Troubles May Signal Larger Issues for Jaguar Mining (TSE:JAG) Shareholders

Full year 2023 earnings released: EPS: US$0.21 (vs US$0.30 in FY 2022)

Jaguar Mining Inc. Provides Positive Results from Its 2023 Exploration Program

Investor sentiment improves as stock rises 16%

Jaguar Mining Inc. Appoints Vernon Baker to Board of Directors

Jaguar Mining Inc. to Report Q4, 2023 Results on Mar 28, 2024

Jaguar Mining Reports Updates Mineral Reserves and Mineral Resources for Its Mtl Complex Including Faina and Pitangui Projects

These 4 Measures Indicate That Jaguar Mining (TSE:JAG) Is Using Debt Reasonably Well

Third quarter 2023 earnings released: EPS: US$0.051 (vs US$0.089 in 3Q 2022)

Investor sentiment improves as stock rises 26%

Returns At Jaguar Mining (TSE:JAG) Are On The Way Up

Investor sentiment deteriorates as stock falls 16%

New minor risk - Shareholder dilution

Jaguar Mining Inc. (TSX:JAG) completed the acquisition of 100% interest in Pitangui project and remaining interest in Acurui Project in Brazil from Agem Ltd.

New minor risk - Earnings quality

Second quarter 2023 earnings released: US$0.015 loss per share (vs US$0.13 profit in 2Q 2022)

Investor sentiment improves as stock rises 19%

Jaguar Mining Inc. (TSX:JAG) entered into a share purchase agreement to acquire 100% interest in Pitangui project and remaining interest in Acurui Project in Brazil from Agem Ltd. for $7 million.

New minor risk - Market cap size

Investor sentiment deteriorates as stock falls 23%

Is Jaguar Mining (TSE:JAG) A Risky Investment?

Insufficient new directors

Independent Chairman recently bought CA$108k worth of stock

First quarter 2023 earnings released: EPS: US$0.034 (vs US$0.083 loss in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.30 (vs US$0.47 in FY 2021)

Jaguar Mining Inc. Announces Turmalina Delivers Further High-Grade Intercepts from In-Mine, Exploration and Resource Conversion Drilling

Jaguar Mining Inc. Provides Production Guidance for the Full Year of 2023

Investor sentiment improved over the past week