April 6, 2011 / 1:10 PM / 7 years ago

UPDATE 1-Avion Gold Q1 output below own forecast

* Output 20,272 ounces of gold, below view of 22,000 ounces

* Says output hit by technical snag at flagship mill

* Reiterates FY11 production of 100,000 ounces of gold (Follows alerts)

April 6 (Reuters) - Canadian miner Avion Gold Corp reported first-quarter production from its Mali operations below its own expectations, hurt by a technical snag at one of its facilities, but maintained its full-year forecast.

For the first quarter, the company produced 20,272 ounces of gold from its Tabakoto and Segala operations in Mali, West Africa.

In February, the miner had forecast a quarterly production of 22,000 ounces of gold. For the full year, it expects 100,000 ounces. [ID:nSGE71L09J]

The company, which began commercial gold production in 2009, maintained that plans to expand its Segala plant to increase processing capacity from 2,000 tonnes per day to 4,000 tonnes per day are underway.

Shares of the Toronto-based miner closed at C$1.69 on Tuesday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Maju Samuel)

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