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Market: TSX
Sector: Gold Mining
Epic: AUR
News: Latest news
Web Site: Avion Resources
Other Articles: 11-08-201004-02-201011-01-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Avion Resources

Avion Resources

Avion Resources is a Canadian-based exploration and development company focused on strategic acquisitions in Africa. Avion has built a team of highly qualified geologists and engineers, as well as a strong operational team, with the goal of becoming a gold producing company in 2009. Avion recently purchased a 100 square kilometre land and mine package in Mali, which contains the Tabokoto mine and the Segala project.

Monday, January 11, 2010

Avion Gold fourth quarter production hits 21,300 ounces, cash costs come in at $495/ounce

Junior gold producer, Avion Gold (TSX-V: AVR) reported record monthly production for the month of December of 8,100 ounces of gold (67,500 tonnes at an average grade of 3.87 g/t with 96.6% recovery) from its Tabakoto/S’gala operations in Mali, West Africa. The record monthly production helped bump the company’s quarterly production to a record level as well, with 21,300 ounces of gold produced in the fourth quarter. Total production for 2009 was 51,300 ounces and is forecast to reach 100,000 ounces in 2010.

Cash costs in the fourth quarter were a very healthy US$495/ounce while full year cash costs are expected to be around $530/ounce.

Avion Gold officially became a commercial producer on May 1, 2009.


"Avion's focus on this mine has resulted in a highly successful new start up, and has set the stage for Avion's continued growth in 2010 and beyond,” Avion's President and CEO,  John Begeman, stated.

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