..Black Jaguar (by TenPinPhil). A black panther is typically a melanistic color variant of any of several species of larger cat. In Latin America, wild 'black panthers' may be black jaguars. In Asia and Africa, black leopards, in Asia, possibly the very rare black tigers and in North America they may be black jaguars or possibly black cougars. Captive black panthers may be black jaguars, or more commonly black leopards..