03:38 PM EST - Avnel Gold Mining Limited : announced third-quarter 2011 results. Third quarter revenues were $4,855,000, an increase by 22% over the third quarter of 2010, due mainly to increased gold sales and higher realized gold prices. The net loss for the quarter of $280,000 compares to a profit of $2,166,000 in the third quarter of 2010 which arose from an exchange profit of $2,030,000. Avnel Gold Mining Limited
shares T.AVK are trading up $0.01 at $0.50.
