Aurizon Mines Ltd fka AZK

[NYBob]

Aurizon Reports 2011 Financial Results -
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 15, 2012) -

Aurizon Mines Ltd.
(TSX:ARZ)(NYSE Amex:AZK) is pleased to announce its unaudited
financial results for the year ended December 31, 2011.

All dollar amounts are in Canadian dollars unless otherwise stated.

Our financial results are prepared in accordance with
International Financial Reporting Standards ("IFRS"),
which is now GAAP in Canada.

http://tmx.quotemedia.com/article.php?newsid=49393569&qm_symbol=AZK:US

Fourth quarter 2011 highlights

Record revenues of $85.7 million.
Record net profits of $21.8 million, or $0.13 per share.
Record cash flow from operating activities of $49 million.
Total cash costs of US$498 per ounce(1).
Gold production of 45,995 ounces.
2011 Annual financial highlights

Record revenues of $260 million, up 45% from 2010.
Record net profits of $43.9 million, or $0.27 per share, up 155% from 2010.
Record cash flow from operating activities of $121.3 million, up 138% from 2010.
Cash balances of $213 million.
No debt.
2011 Annual operational highlights

Record gold production of 163,845 ounces.
Total cash costs of US$537(1) per ounce.
Operating profit margin per ounce increased 72% to US$1,041(1), due to higher realized gold prices.
Mineral reserves at Casa Berardi replenished in 2011, totalling 1,459,000 ounces of gold as at December 31, 2011.
Measured and indicated mineral resources at Casa Berardi increased 81% to 1,495,000 ounces of gold.
Estimated mineral resources in the Hosco area of the Joanna property increased by 31%.
From the President and Chief Executive Officer, George Paspalas:

"The fourth quarter 2011 results capped off a great year for Casa Berardi and Aurizon. Revenues, cash flow, profits and production broke historical records. Casa has consistently delivered, and with the continued in-mine exploration success we have enjoyed, Casa Berardi is a cornerstone asset from which to grow the company from. We are on schedule to complete the Joanna feasibility study in second quarter 2012, and are formulating resource updates on our two most advanced exploration projects, Marban and Fayolle."

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