Apollo Gold Corp. (AGT)

Apollo Gold Corporation, together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and production of gold and by-product metals. It produces gold, zinc, silver, and lead in gold dore, and lead-gold and zinc-gold concentrates. The company, through its joint venture agreement with Elkhorn Tunnels LLC, owns a 50% interest in the Montana Tunnels mine, which is an open pit, poly-metallic mine and mill located approximately five miles west of Jefferson City, Montana. It also owns and operates the Black Fox Project, covering approximately 2,702 acres located near the Township of Matheson in the Province of Ontario, Canada. In addition, Apollo Gold owns concessions at the Huizopa exploration project, covering approximately 170 square kilometer mining concession claims in the Sierra Madres in Chihuahua, Mexico, as well as the Diamond Hill mine, covering approximately 2,590 acres of patented and unpatented claims in the southeast of Helena, Montana. The company was founded in 1936 and is based in Greenwood Village, Colorado.

For the nine months ended 30 September 2006, Apollo Gold Corp.'s revenues fell 72% to $10.2M. Net loss from cont. ops. fell 12% to $13.9M. Revenues reflect cessation of milling and milling lower grade stockpiled ore untill the cessation of milling. Net loss was offset by decreased direct operating costs, lower depreciation & amortization charge, decreased general & administrative expenses and lower stock-based compensation costs.