Jaguar Mining Inc. announced production results for the fourth quarter and full year ended December 31, 2012. The company reported total production of 102,823 ounces of gold, in line with its most recent public guidance targets.

Gold production for the quarter ended December 31, 2012 totaled 21,676 ounces. These production results compare to 33,397 ounces of gold in the fourth quarter of 2011 and 155,764 ounces for the full year 2011. The decline in comparative quarterly and annual production levels was the result of the company's decision to place the Paci ncia operation on care and maintenance beginning in May 2012 and a transition of mining and ground support methods which, during the course of implementation, negatively impacted production cycle times in the Turmalina operation.