Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Ségala gold projects in Mali. Gold production commenced at these projects in 2009 with just over 138,920 ounces of gold produced to the end of 2010.
2011 production is estimated to be 100,000 ounces. Production sustainability has been supported and enhanced by an aggressive drill program over an approximately 600 km2 exploration package that both surrounds and is near to the Company's existing mine infrastructure. The current mineral resources estimate for the Tabakoto project demonstrates several sources of excellent grade open pit and good grade underground mineral resources thus providing significant flexibility for Avion's future mining plans. Additionally, the 1,670 km2 Houndé exploration property in Burkina Faso continues to return promising results. These properties are the subject of an approximate US$ 10 million dollar, approximate 60,000 metre, drill-focused, exploration program in 2011.
Avion continues to progress towards its medium term goal of 200,000 ounces of gold per year and a longer term goal of organic growth through development of its exploration properties. The Company is open pit mining at the Dioulafoundou and Tabakoto South Deposits and developing an underground mine at the Tabakoto deposit, and is preparing to mine underground at the Ségala deposit.
Avion has a highly skilled management team, with a focus on growth and consolidation within West Africa.