Jaguar Mining closes sale of Centrogold Royalty to Metalla Royalty & Streaming

March 25, 2021

On March 25, 2021, Jaguar Mining Inc. (“Jaguar”) (TSX:JAG; OTCQX:JAGGF) announced the completion of the sale of its Net Smelter Return Royalty from future anticipated gold production at the CentroGold Project (also referred to as the Gurupi Project, a gold mining project located in Maranhão State, Brazil) to Metalla Royalty & Streaming Ltd. (TSXV/NYSE American:MTA). The transaction included an upfront payment to Jaguar of US$7 million in cash upon closing, and additional conditional consideration valued at US$11 million upon the achievement of two milestones relating to the CentroGold Project, for an aggregate purchase consideration valued at up to US$18 million.

Jaguar is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil.

Miller Thomson advised Jaguar in the transaction with a team comprised of Geoff Clarke and Jonathan Tong (Capital Markets/Securities & Mining).