Aurizon mines reports 37% drop in quarterly profit

Canada’s Aurizon Mines reported a 37 percent drop in quarterly profit, hurt mainly by higher exploration expenses.

The mid-tier gold miner reported net income of C$6.2 million($6.3 million), or 4 Canadian cents a share, compared with net income of C$9.9 million, or 6 Canadian cents a share, last year.