09:47 AM EDT, 05/15/2019 (MT Newswires) -- Jaguar Mining (JAG.TO) on Wednesday said its first-quarter loss widened on lower gold production.

The company, which mines gold in Brazil, said it lost US$1.84 million, or US$0.01 per share, compared with a loss of US$1.78 million, or $0.01, in the first quarter of 2018. Revenue fell 15% to US$21.42 million.

Gold production dropped 13% to 16,635 ounces on lower output from its Pilar and Turmalina mines.

"Operational delays related to slot raises, geotechnical issues and lack of flexibility at Turmalina resulted in lower tonnes milled of 65,000kt. We continue to focus on executing a turnaround plan at Turmalina that will address operational challenges faced during the quarter," the company said in a release.

Jaguar shares were last traded Tuesday, closing at $0.095 per share,

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