09:36 AM EDT, 08/15/2019 (MT Newswires) -- Jaguar Mining (JAG.TO) on Thursday said its second-quarter loss widened as costs rose while production and prices fell.

The company, which operates two gold mines in Brazil, said it lost US$2.14 million, or US$0.01 per share, compared with a loss of US$1.33 million, or nil, in the second quarter of 2018. Revenue fell 4.5% to US$23.92 million.

Jaguar's gold production dropped 2.4% to 18,366 ounces while all-in sustaining costs rose 7% to US$1,366 per ounce. It sold its gold for an average price of US$1,286 per ounce, down from US$1,328 in the year-prior period.

The company's shares opened unchanged at $0.23 on the Toronto Stock Exchange.

Price: 0.2300, Change: -0.0100, Percent Change: -4.17