BANGALORE -- Gold producer Aurizon Mines Ltd expects to maintain strong profit margins this year on the back of rising yellow metal prices and is looking to acquire struggling junior miners to expand its operations in North America, its chief executive said.
"In terms of area, our focus is North America, primarily Canada and in terms of size, we are looking at something that can actually produce up to 100,000 ounces (of gold), with a sort of 10 years mine life projected," Chief Executive David Hall said in an interview with Reuters.
Despite the precious metals industry witnessing a large number of takeovers and rising gold prices, many small-sized producers are still finding it difficult to access funds from the capital markets, he said.
