Avion Gold (TSX: T.AVR, Stock Forum) Monday reported record second quarter 2012 production of approximately 28,637 ounces of gold from its Tabakoto operation in Mali, West Africa, its second consecutive quarterly record for the amount of gold produced with year to date gold production of 54,894 ounces after refinery adjustments.
The company added it is well on its way to achieving its upgraded production guidance of 95,000 to 102,000 ounces of gold for 2012.
"The Tabakoto Mine has had two consecutive record production quarters that were achieved despite a military coup in the first quarter of 2012, and subsequent destabilization of the Malian government. The Tabakoto underground mine continues to produce higher than expected ore grades with a lower amount of ore dilution at higher processing recoveries than planned, that when combined with good open pit grades resulted in an excellent quarter," said Andrew Bradfield, Avion's Chief Operating Officer.