Jaguar gets a lift as cash flow, gold outlook rise

The TSX-listed stock of Jaguar Mining on Tuesday rose as much as 8% after the company reported a 56% increase in operating cash flow to $37.8-million for the 2016 financial year, resulting in free cash flow turning positive year-on-year to $11.3-million. "2016 was a successful and transformational year for Jaguar Mining. We exceeded [our] production guidance and improved cash operating costs to $719/oz sold, despite operating under a strengthening Brazilian foreign currency,” president and CEO Rodney Lamond said on Tuesday.