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Mali Mill Expansion Delays Cause Avion Shares to Drop
May. 09, 2012 10:01AM PST
Precious Metals InvestingReuters reported that shares of Avion Gold (TSX:AVR) were down after it suspended work on expanding its mill in Mali.
Reuters reported that shares of Avion Gold (TSX:AVR) were down after it suspended work on expanding its mill in Mali.
As quoted in the market news:
West Africa-focused Avion said if the 4,000-tonne-per-day mill expansion project remains on hold for the rest of the year, production could be cut to 90,000 to 100,000 ounces of gold from 140,000 to 150,000 ounces.
