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Friday, March 19, 2010

Aurizon Mines (TSE:ARZ) Looking for Acquisitions

Aurizon Mines Seeking Early-stage Acquisitions

Aurizon Mines (TSE:ARZ) has let it be known they're looking for acquistion targets that the early stages of exploration with a goal of generating three times the output over the next five years.

In 2009 Aurizon produced close to 159,000 ounces, and by 2014 they're looking for gold production to increase to 500,000 ounces on an annual basis.

With no end in sight for the strength of gold prices, gold producers are seeking early-stage projects because more mature projects have skyrocket in price because of gold demand an gold prices.

At this time Aurizon has three gold properties, all of them located in Quebec. From those properties it looks like they could extract about 270,000 ounces of gold a year by 2013, with the rest of the goal being reached through acquisitions.

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