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Jaguar Mining shares jump on estimate-beating profits

Mineweb | May 18, 2011 | 7:27 am Precious Metals Gold

Gold producer Jaguar Mining Inc posted a quarterly profit that beat analysts’ estimates helped by surging bullion prices, sending its New York-listed shares up almost 7 percent in extended trading.

For the January-March quarter adjusted profit was $10.3 million, or 12 cents a share, compared with an adjusted loss of $3.7 million, or 4 cents a share, a year ago.