Extract
Aurizon Mines Ltd.: First Quarter Report March 31, 2004.
Business Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--May 13, 2004 Management's Discussion and Analysis Aurizon (TSX:ARZ) reports financial results for the first quarter of 2004, which have been prepared on the basis of available information up to May 4, 2004. This Management's Discussion and Analysis should be read in conjunction with the most recent annual financial statements of the Company. The first quarter was highlighted by the following activities at Casa Berardi: - Shaft sinking studies and related preparatory work initiated. - Ramp extension completed and 113 Zone accessed at the 550 metre level. - Definition drilling of 113 Zone confirming previous surface drill results. - Feasibility study awarded to Met-Chem. - Surface exploration drill program initiated in the East Mine area. Aurizon reported operating cash flow of $472,000 in the first quarter of 2004, compared to cash flow of $281,000 for the same period of 2003. Gold production for the quarter matched forecast at 8,715 ounces and was 14% higher than the 7,672 ounces produced in the same period of 2003. CHANGE IN ACCOUNTING PO...See the full content of this document
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