Aurizon Mines Ltd
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MERGER: Hecla completes acquisition of Aurizon
COEUR D’ALENE, Idaho – Hecla Mining has completed its acquisition of Vancouver-based Aurizon Mines. Hecla has several silver mines and now adds the Casa Berardi gold mine in Quebec to its assets. The mine is expected to produce between…
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GOLD: Typhoon studies pit, underground options for Fayolle deposit
QUEBEC – Typhoon Exploration of Laval, QC, must be pleased with the positive preliminary economic assessment for the Fayolle gold deposit 30 km from Rouyn-Noranda. The PEA examined the potential of both an open pit and an underground…
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Alamos on verge of derailing Hecla bid for Aurizon as battle builds
VANCOUVER – The battle for Aurizon Mines (ARZ-T) is getting nasty.
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TAKEOVER: Hecla agrees to pay $796M for Aurizon
VANCOUVER – Hecla Mining Company of Coeur d’Alene, ID, has signed an agreement to acquire Aurizon Mines in a deal worth C$796 million. Aurizon shareholders may choose to receive either $4.75 per share or 0.9953 of a Hecla share or a…
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MERGER: Aurizon says no to Alamos bid
VANCOUVER – In today’s economic climate it appears difficult to take over an unwilling target. The board of directors at Aurizon Mines has unanimously recommended that its shareholders reject the hostile offer from Alamos Gold of Toronto….
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Forty of our Finest
Reports have been read. Numbers crunched. Comparisons made. Now our annual look at Canada’s Top 40 mining companies is ready.
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GOLD STUDY: Hosco deposit hosts 1.66M oz at Joanna project
QUEBEC – Aurizon Mines of Vancouver has received a positive feasibility study confirming the Hosco deposit at the Joanna project 20 km east of Rouyn-Noranda hosts 1.66 million oz of gold. The study was prepare by BBA Inc. with…
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GOLD EXPLORATION: Casa Berardi mine yields more stacked lenses
QUEBEC – The exploration drilling program undertaken by Aurizon Mines of Vancouver at its Casa Berardi gold mine 65 km north of La Sarre has identified additional stacked lenses. The program was undertaken to improve the quality of the…
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Speculation mounts about IamGold’s takeover targets
IamGold chief executive Steve Letwin says the cash-rich miner plans to spend $400 million to $500 million on an acquisition in the Americas over the coming months. The mid-tier gold producer has about $1.4 billion in cash and no debt and wants…
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GOLD-COPPER-TUNGSTEN EXPLORATION: Aurizon reports on Rex South
QUEBEC – Azimut Exploration of Longueuil, QC, is encouraged by the results of a regional exploration program that its partner Aurizon Mines of Vancouver did last year on the Rex South property. The property is located in Nunavik and owned…
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GOLD MINING: Aurizon posts record gold output
VANCOUVER – Aurizon Mines posted record gold output during 2011 – 163,845 oz, up 16% over 2010 – and it plans to produce between 155,000 and 160,000 oz of gold this year. Its flagship asset is the Casa Berardi mine 95 km north of La Sarre, QC.
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GOLD EXPLORATION: Continuity, potential extension look good for Casa Berardi mine
QUEBEC – The initial results from exploration drilling on the 550 level at the Casa Berardi gold mine are encouraging, according to owner Aurizon Mines of Vancouver. The project is located 95 km north of La Sarre.