Gold futures recaptured a considerable portion of their losses from earlier this morning while the broader U.S. equity markets turned considerably lower on Thursday.
COMEX gold fuures, per the December contract, bounced from an intra-day low of $1,705.40 per ounce to $1,742.80 as of 10:40am ET.
The Dow Jones Industrial Average (DJIA) initially climbed as much as 84.99 points to 11,405.70, but turned sharply lower as morning trading progressed, by 105.35 points to 11,215.36.
Gold equities advanced alongside the yellow metal, as the AMEX Gold Bugs Index (HUI) climbed 0.5% to 574.11.
Aurizon Mines Appoints New President and CEO
AURIZON MINES (ARZ.TSX, AMEX: AZK) announced that effective today, George N. Paspalas has joined the Company as its new President and Chief Executive Officer and as a member of the Company's Board of Directors. In addition, the Canadian-based gold producer confirmed that Mr. David Hall, who has retired from his positions as President and Chief Executive Officer, will continue to serve as Aurizon's Chairman of the Board. Full Aurizon Mines Press Release.
David Hall, President and CEO:
"We are delighted to welcome George to the Aurizon team. His strong leadership skills, combined with a successful track record of value creation and team building will contribute greatly in building the Company's growth profile, establishing new opportunities and capitalizing on other strategic initiatives."
HIGHLIGHTS:
- Mr. Paspalas' career includes 14 years in senior management positions, most recently as the Chief Operating Officer at Silver Standard Resources (SSRI).
- He previously held senior management positions with Placer Dome Inc., including Executive Vice-President and Senior Vice President Projects - Technical Development and as President and Chief Executive Officer of Placer Dome Africa.
- Mr. Hall has been with Aurizon Mines since its inception in 1988, and has served as the Company's President and Chief Executive Officer since 1991.
AURIZON MINES VS. S&P, XAU
AURIZON GOLD PRODUCTION
INTERACTIVE AURIZON MINES CHART
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