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Avion Gold Corp Down 4% after hovering Near Yr Highs yesterday

Avion Gold Corporation (AVR.V) is down nearly 4%, but off a day low 74 cents, afer announcing that it had closed Avion's previously announced acquisition of a 100% interest in the Hounde Group concessions in Burkina Faso. Nearly 5.8 million shares have changed hands.

AVR was hovering around an existing year high 83 cents yesterday when it announced third quarter 2010 production of approximately 23,609 ounces of gold from its Tabakoto/Segala operations in Mali, West Africa. This is an 89% increase in gold production over the third quarter of 2009, when 12,517 ounces of gold was produced, and a 6% increase in production over Q2 2010 where 22,222 ounces of gold was produced. Year to date gold production for 2010 is 61,540 ounces.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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