Looks like the market is fed up with mining stocks that don't meet their targets. Jag Down $1.19. God help San. I hope Mr. Pirie is watching.

Jaguar Mining Inc. fell as much as 20 per cent in early Wednesday trading with more than 230,000 shares exchanging hands, which is already more than an average daily volume of around 190,000 over the previous 30 days. This comes after Jaguar said it generated $70-million in revenues during the third quarter, well under the single analyst estimate of $84-million. The gold miner sold a record 41,390 ounces of gold at a cash cost of $866 an ounce, up nearly 11 per cent from year-ago levels, based on preliminary analysis. Lower feed grades at the Paciencia mining complex in Brazil were blamed for higher-than-usual expenses. Average selling price was $1,692 per ounce, generating an operating margin for the quarter of $806 an ounce.