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Aurizon Mines Ltd.

10:00 AM EST - Aurizon Mines Ltd. : said its first-quarter reported net earnings dropped to $2.22 million or $0.01 per share from $5.05 million or $0.03 per share in the year-earlier period. Adjusted net loss for the first quarter of 2010 was $141,000 versus a profit of $5.77 million last year. On an adjusted basis, the company reported a breakeven per share versus a profit of $0.04 a year ago. Revenue from mining operations slipped to $39.83 million from $42.87 million in the previous year. Aurizon Mines Ltd. shares T.ARZ are trading down $0.17 at $5.77.