Avion Resources Announces "First Pour"

Avion Resources Inc. has made the step from development company to producer by pouring a 21-kg gold bar from its Mali property, Segala/Tabotoko. According to the news release, the first pour took place on schedule and the current production rate is somewhat higher than forecast. Costs are expected to come in a little lower than previously forecast too, thanks to some recent savings through an updated mine plan.

Two hours after the news was announced, the stock opened one cent higher, at 21 cents. There have been two trades in the first fifteen minutes of trading, both at 21 cents - the same price as the ask at the time. Volume was 4,000 shares for both trades.


The Google Finance page for Avion Resources is here.
----------

NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.