Nov 09th 2012 - Edison Investment Research today published a report on aurizon mines entitled "Confirming The Trend". In summary, the report says:
In common with many of its peers, Q3 proved a challenging quarter for Aurizon Mines, with gold output affected by a combination of four days’ lost production on account of a kinked cable and the effect of the shaft sinking project, which limited underground flexibility and concentrated mining operations onto three ‘uncharacteristically’ low-grade stopes. As a result, gold production was 21% lower than the prior quarter. However, management was able to maintain good control of costs, which were 13% lower than both the prior quarter and Edison’s expectations, such that we have reduced our EPS forecasts for FY12 by only 3.5%.
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