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FL

Re: FL post# 1867

Wednesday, 06/30/2010 7:44:01 AM

Wednesday, June 30, 2010 7:44:01 AM

Post# of 2138
Avnel Gold Mining (AVK.TO) Q1 Net Loss Narrows
6/29/2010 6:15 PM ET


(RTTNews) - Avnel Gold Mining Ltd. (AVK.TO: News ) reported a net loss of C$2.40 million or C$0.03 per share for the first quarter, compared to a net loss of C$3.1 million or C$0.04 per share in the year-ago quarter.

Total Revenue decreased to C$3.6 million from C$6.5 million in the prior year quarter. Gold sales declined to 3,203 ounces from 6,895 ounces sold in the first quarter of 2009.

Average sales price increased from C$939 per ounce in the first quarter of 2009 to C$1,116 per ounce in the first quarter of 2010.




ALSO: Avnel Gold Mining Announces Private Placement

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