BRIEF-Avnel Gold Mining Q1 loss per share $0.001

Wed May 11, 2016 5:22pm EDT
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May 11 (Reuters) - Avnel Gold Mining Ltd

* Qtrly total revenue $3.3 million versus $3.1 million

* Company continues to forecast gold production of 8,600 ounces in 2016 at kalana mine

* Although kalana mine was cash flow positive in 2015, co does not expect mine to be profitable under prevailing gold price environment

* Avnel reports files first quarter 2016 financial statements and md&a together with the filing of an amended and restated annual information form

* Q1 loss per share $0.001 Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-223-8780)