Aurizon profit jumps on soaring gold prices

Thu Nov 10, 2011 7:05am EST
 
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(Reuters) - Gold miner Aurizon Mines ARZ.TO reported a nearly six-fold jump in third-quarter profit, helped by surging gold prices and higher output at Casa Berardi, its key producing mine in Quebec.

For the July-September period, Aurizon earned C$13.1 million, or 8 Canadian cents a share, compared with C$2.3 million, or 1 Canadian cent a share, a year ago.

Revenue rose 71 percent to C$68 million.

Gold production jumped 49 percent to 44,457 ounces in the quarter.

Shares of the Vancouver, British Columbia-based company closed at C$6.02 on Wednesday on the Toronto Stock Exchange.

(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Saumyadeb Chakrabarty)