Avion Gold Corp AVGCF

RE: conference call

[AngelEyes3]

Regarding the conference call,
approx 4,000 less ounces for the quarter expect approx 92,000 oz production for the year. 21627 oz of gold for the third quarter produced. higher unit mining costs and more tons mined than expected therefore grades less than expected.
Mill expansion project taking place while still mining.  4.2 million withholding costs on provisions and taxes that is the current issue this quarter. 925 total cash costs, higher open pit mining costs, mining equipment issues, waste stripping issue greater than expected, 184 dollars per oz for these costs. Added mill tonnage accounted for 67 dollars per oz also
Continues with capital cost programs underground, mill expansion and exploration, current expansion of mill on budget. 41.8 million spent on these programs in these quarters. 53.1 million in working capital in the bank. Still a profitable quarter.
Operations update, 3.12 grams per ton processed, recovery grades above 90 percent. Long delays on getting parts, for the mining fleet. production 67,000 oz so far this year.  Transition ore was the problem with lower grades and lower recoveries. Underground on schedule, approx 10 percent of ore currently milled. 
Feel additional resources can be outlined at the current mine by additional drilling. All equipment has been ordered, and should be delivered by mid november. 
Exploration results are great and will increase resources as they are drilled out on the current mine sight and exploration property. Kofi project going well. Hounde project drilling going well. If resources exceed 1 million oz of gold they will consider options. For example drilled 154 holes, and now doing step out drilling and infill drilling
 some highlighs
7.75g/t over 35.9m
3.5g/t over 57m
2.91g/t over 54m
Also Kofi looks promising with over 106 holes drilled
I hope this helps 
cheers
these were some of the points i remember from the conference call