Avion Gold Reports Decline In Q3 Profit

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Avion Gold Corp
AVGCF
reported a decline in its third-quarter profit. For 2011, Avion Gold now projects to produce 92,000 to 95,000 ounces of gold, versus its earlier forecast of 95,000 to 100,000 ounces. Avion Gold's quarterly net income dropped to $7.2 million, or $0.02 per share, from $14.4 million, or $0.04 per share, in the year-ago period. Its revenue climbed 16% to $36.9 million. Avion Gold shares closed at $2.1122 yesterday.
Posted In: EarningsNewsGuidanceEarnings
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