This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aurizon Mines' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Aurizon Mines Ltd. (AZK)

Q2 2012 Earnings Call

August 09, 2012 11:00 am ET


George Paspalas - President & CEO

Ian Walton - EVP & CFO

Martin Bergeron - VP, Operations


Ovais Habib - Deutsche Capital

Jeff Wright - Global Hunter Securities

Derek Macpherson - National Bank Financial

Chris Martino - Desjardins Capital Markets

Michael Fowler - LOM



Hello. Good morning ladies and gentlemen. Thank you for standing by. Welcome to Aurizon Mines Ltd. Conference call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. (Operator Instructions) At this time, I would like to turn the conference over to George Paspalas, President and CEO. Please go ahead, sir.

George Paspalas

Thank you operator, good morning everyone and welcome to the Aurizon Mines second quarter 2012 conference call and webcast. We'll be making some forward-looking statements today and I'll draw everyone’s attention to the forward-looking statements and cautionary note to you as listeners in the presentation and also available on the website.

Participating on the call with me today will be Ian Walton, Executive Vice President and CFO, and Martin Bergeron, Vice President of Operations. Also on the call is Julie Kemp, Corporate Secretary and Jennifer North, Manager, Investor Relations.

We’re starting our presentation on slide five. Quarter two 2012 was a good quarter from Casa with EBITDA at $25.4 million and net profit of $8.6 million corresponding to $0.05 per share which was 29% higher in the corresponding quarter in 2011. We crossed the quarter with approximately $290 million in cash and have started to build on this balance after the 2011 tax payments earlier in the year.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.70 0.00%
FB $101.91 0.00%
GOOG $683.11 0.00%
TSLA $150.47 0.00%
YHOO $26.76 0.00%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs