TSX: AVR
OCTQX: AVGCF
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Current Gold Price
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Projects
Projects

Current Projects

Avion Gold Currently has 3 distinct Project areas in Mali and Burkina Faso in West Africa:

  • Tabakoto & Segala Project, Mali
  • Kofi Project, Mali
  • Hounde Project, Burkina Faso

The Tabakoto & Segala Properties are our flagship properties and were purchased from Nevsun Africa Ltd in May of 2008. Avion restarted the mill, developed the Segala Pit and commenced production in February of 2009.

The Kofi Project was acquired from Axmin with the acquisition closing in December of 2010. The property came with an indicated and inferred resource of 670,000 ounces of gold.

The Hounde Project was acquired from Avocet in October 2010. With minimal drilling Avion quickly established an indicated and inferred resource of 610,000 ounces of gold. Drilling continues on the property with an aim to increase the resource to over 1 million ounces in 2011.

Production

Gold production commenced in 2009 with feed for the mill primarily coming from the Segala Open Pit. A small amount of high grade ore was mined from the Tabakoto Open Pit in 2010. By the end of 2010 just over 138,920 ounces of gold were produced at the properties. As production has increased, so has the head grade and mill recovery increased, as seen in the chart below.

 2010 Q1
Q2
Q3
Q4
2010
Total
Ore Milled (000 t) 156.1 183.1 178.8 187.8 705.9
Head Grade (g/t Au) 3.26 3.95 4.28 4.46 4.02
Recovery (%) 96.5 95.8 96.2 97.3 96.5
Gold Production (oz) (1) 15,710 22,222 23,609 26,091 87,631
Cash Cost (USD/oz) $886 $596 $498 $443 $574

(1)Ounces adjusted to final refined product.

2011 Q1
Q2
Q3
Q4
2011
Total
Ore Milled (000 t) 180.8 197.1 227.9 233.1           838.8
Head Grade (g/t Au) 3.64 4.21 3.12 3.48 3.59
Recovery (%) 96.2 96.8 95.4 90.0 94.6
Gold Production (oz) (1) 20,272 25,823 21,687 23,445 91,228
Cash Cost (USD/oz) $462 $544 $806

(1)Ounces adjusted to final refined product.



TSX: AVR

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AVR.CA TSE
Price 1.50
Change -0.03
Volume 590,190
52 Week High 2.57
52 Week Low 1.26
February 3, 2012 04:00 PM  Pricing delayed 20 minutes

: 1,726.30  -32.36

Stock Quote: TSE

Price 1.50 Change -0.03
Volume 590,190 % Change -1.96%
Intraday High 1.53 52 Week High 2.57
Intraday Low 1.50 52 Week Low 1.26
Today's Open 1.53 Previous Close 1.53
February 3, 2012 04:00 PM Pricing delayed 20 minutes