Jaguar Mining Inc. Announces Leadership Changes to Drive Future Growth and Stability
- Jaguar Mining Inc. announces Luis Albano Tondo as Deputy CEO, transitioning to CEO on August 1, 2025.
- Vernon Baker's leadership is praised as he steps down after six years, ensuring stability during the transition.
- Chief Financial Officer Alfred Colas resigns; Marina Fagundes de Freitas appointed Interim CFO to maintain financial continuity.
Jaguar Mining Inc. Strengthens Leadership for Future Growth
Jaguar Mining Inc. announces a strategic shift in its senior management team, a move designed to bolster its leadership as the company looks toward future growth. As of June 1, 2025, Luis Albano Tondo steps into the role of Deputy Chief Executive Officer, with plans to transition to Chief Executive Officer upon the conclusion of Vernon Baker's tenure on August 1, 2025. Tondo brings a wealth of experience in the mining sector, having managed major project developments in Minas Gerais and holding a strong international background. This leadership transition aims to provide a fresh perspective and sustained operational excellence as Jaguar navigates the challenges and opportunities in Brazil's competitive gold mining industry.
Vernon Baker, who has led Jaguar Mining for the past six years, is praised for his leadership during significant challenges, including the dry-stack slump at the MTL Complex. His commitment to ensuring a seamless transition underscores the company's focus on stability during this critical period. Baker's tenure is marked by proactive management and a steady hand in navigating the complexities of mining operations. As he prepares to step down, Jaguar Mining expresses gratitude for his contributions, highlighting the importance of continuity in leadership during transitional phases.
In addition to Tondo's appointment, Jaguar Mining faces further changes with the resignation of Chief Financial Officer Alfred Colas, effective May 31, 2025. Colas departs to pursue new opportunities, prompting the appointment of Marina Fagundes de Freitas as Interim Chief Financial Officer. Fagundes de Freitas has been with the company for over 14 years, bringing institutional knowledge and expertise to the finance team during this transitional period. Jeff Kennedy, Chairman of Jaguar, acknowledges the significant contributions of both Baker and Colas while expressing confidence in Tondo's leadership capabilities and Fagundes de Freitas's continuity in financial stewardship.
Jaguar Mining operates three gold mining complexes within Brazil, primarily focusing on the Iron Quadrangle region of Minas Gerais. Its principal assets include the MTL and Caete Mining Complexes, while the Roca Grande mine remains under care and maintenance since April 2019. The company also has plans to restart operations at the Paciencia Mining Complex in 2025, signaling a commitment to enhancing production and leveraging its substantial land package for future growth. The leadership changes reflect Jaguar's strategic intent to adapt and thrive in the evolving mining landscape.