DALLAS, Oct. 13, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring gold mining company Aurizon Mines Ltd. (AMEX:AZK). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Aurizon Mines Ltd. (AMEX:AZK) should be of particular interest to other mining companies: Northgate Minerals Corp. (AMEX:NXG), Agnico-Eagle Mines Ltd. (NYSE:AEM), New Gold Inc. (AMEX:NGD) and Barrick Gold Corp. (NYSE:ABX).
The full report is available at: http://www.stockpreacher.com/n/AZK
Aurizon Mines Ltd. (AZK) is a Canada-based gold producer with operations and development activities in the Abitibi region of Northwestern Quebec, one of the world's most favorable mining jurisdictions and prolific gold and base metal regions. The Company owns 100% of the Casa Berardi gold mine; one advanced-stage project, the Joanna gold project; and one early stage exploration project, the Kipawa gold/uranium project. In addition, Aurizon Mines retains a gold-indexed royalty on future gold production from the Beaufor mine and Perron property.
In the report, the analyst notes:
"In April, AZK completed a bought deal equity financing, for gross proceeds of $50 million. A syndicate of underwriters purchased an aggregate of 9.71 million common shares of Aurizon at a purchase price of $5.15 per share. The net proceeds of the financing will be used by the Company to strengthen its working capital position and for other general corporate purposes, including potential acquisitions.
"In March 2008, gold prices hit a record high of $1,033 an ounce as the gold bull market entered its seventh year of life. In recent months, gold rose to a record on speculation that currencies will depreciate, spurring inflation and boosting the appeal of the precious metal for investors seeking to preserve their wealth. Thus, year-to-date, gold has raised 18%. In early October, gold futures climbed as high as $1,045 an ounce in New York, topping the previous record of March 2008. The slumping dollar helped propel gold above the previous record. Analysts project the metal will reach $1,200 by the end of the year and $2,000 by 2012."
To read the entire report visit: http://www.stockpreacher.com/n/AZK
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