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Shares of Jaguar Mining plummeted on Monday after the Canadian gold miner announced the temporary shutdown of its Turmalina mine Brazil after nearby tailings pile failure had engulfed part of the mine infrastructure.
However, material from the ensuing slump clogged off part of the infrastructure at the mine site, including maintenance areas near the shop, piping that feeds the filter plant, outdoor storage areas, and an emergency escape exit from the mine was covered. It is estimated that approximately 134 residents have been evacuated to local hotels, and the company has crisis management and support personnel on the ground, engaging with the displaced families, it said.
The Turmalina underground mine is part of Jaguar’s MTL mining complex located in the state of Minas Gerais, approximately 130 km northwest of the city of Belo Horizonte. Last year, the mine produced 33,117 oz. of gold, accounting for about half of the company’s production.
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