Avion Increases 2012 Production Guidance and Updates on Operations

Avion Gold Corporation (TSX:AVR) announced that its production guidance for 2012 has increased to between 95,000 and 102,000 ounces of gold.

As quoted in the press release:

The mill has delivered solid performance and the underground mining at Tabakoto has been a strong contributor with better than expected grades and recoveries and lower than planned dilution.

President and CEO of Avion, John Begeman, commented:

Management is pleased with how well the Tabakoto operations performed in the second quarter with higher than forecast grades and budgeted mill recoveries. As a result of this strong operational performance during the first half of 2012, Avion has increased its 2012 production guidance. As well, Avion is confident that in the improved business climate, it makes sense to re-start the mill capacity upgrade as soon as practical.

Click here to read the Avion Gold Corporation (TSX:AVR) press release