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Avion Gold’s Production Increases 42% in Q2

Avion Gold Corporation announces second quarter 2010 production of approximately 22,210 ounces of gold from its Tabakoto/Segala operations in Mali, West Africa. This is a 42% increase in production over Q1 2010 where 15,710 ounces of gold was produced. Year to date gold production for 2010 is 37,920 ounces.

Avion plans to release its Q2 Financial Results on Thursday August 26, 2010

For full press release, see this LINK

Avion Acquire Concessions In Burkina Faso

Avion Gold Corporation and Avocet Mining PLC are pleased to announce that they have executed a Definitive Agreement in relation to the previously announced transaction pursuant to which Avion has agreed to acquire a 100% interest in the Hounde Group concessions in Burkina Faso.

For full pressrelease, see this LINK

Gillard cuts mining tax deal

Update Prime Minister Julia Gillard has slashed the mining tax rate and cut the types of resources affected in order to secure an agreement with mining companies – lopping $1.5 billion from expected revenues in the process.

  • New tax will apply only to iron ore and coal
  • Tax to be capped at 30 per cent
  • Key promise of lifting super will be kept
  • Plans to cut company taxes will be halved
  • Budget still to return to surplus by 2013

Full article