Avion Gold Produces 23,609 Ounces at Cash Costs of US$ 498 in Third Quarter 2010

Avion Gold Corporation (TSXV:AVR) announces its financial results for the third quarter of 2010.

The press release is quoted as saying:

During the third quarter the Company had earnings of $13.6 million, or $0.04 per share, and cash flow from operations before working capital adjustments of $17.3 million. During the third quarter, the Company sold 25,700 ounces of gold at an average realized price of US$ 1,233 per ounce, which was higher than the average realized price of US$ 1,194 for the previous quarter. Gold revenue for the third quarter was $31.7 million compared to $13.9 million for the comparable quarter last year.

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