Apollo Gold

Apollo Gold (TSE:APG) (AMEX:AGT) Starts Black Fox Mine Work

Apollo Gold (TSE:APG) (AMEX:AGT) has launched construction at its Black Fox Mine near Timmin, in preparation for mining underground ore, scheduled to start sometime in the third quarter of 2010.Already completed at the projects are the electrical and engineering design work, along with the concrete foundations built for surface facilities, including the ventilation raise bore pad.On order are

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NovaGold Resources (AMEX:NG), Apollo Gold, (AMEX:AGT) Iamgold, (NYSE:IAG) Down On Gold Swings

While I believe gold will continue on its upward trajectory for many years to come, there are going to be seasons of volatility and corrections on that journey, and gold mining companies such as NovaGold Resources (AMEX:NG), Apollo Gold (AMEX:AGT) and Iamgold (NYSE:IAG) can be expected to move up and down with those gold prices.For the day, all three companies ended slightly down, as gold prices

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Goldcorp (TSE:G), Barrick Gold (NYSE:ABX) Level and Down Even with Gold Price Records

Goldcorp (TSE:G) (NYSE: GG) and Barrick Gold (NYSE: ABX) (TSE:ABX), among the largest gold mining companies in the world, didn’t partake in the surge in gold mining stocks, as they responded to record gold futures prices over the last couple of days.This isn’t a surprise of completely unexpected, as the junior miners and mid-level gold mining companies like Eldorado Gold (TSE:ELD), Apollo Gold (

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Apollo Gold (TSE:APG) Shows First Quarter Profit

Apollo Gold (TSE:APG) generated a profit in the first-quarter of $6.5 million, or 2 cents a share, much better than the $28.4 million, or 2 cents a share loss last year during the same quarter. Gold revenue was $17.6 million for the quarter, with gold production of 14,175 ounces. Guidance for gold production for 2010 was set at about 90,000 to 100,000 ounces for the entire year. Profits came

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Apollo Gold (TSE:APG) Black Fox Mine Grade Improves

Apollo Gold (TSE:APG) said the grade at its Black Fox mine shows major improvement, signifying gold production at the project should gradually increase for the remainder of 2010. Vice President of Operations at Apollo Gold, Tim G. Smith said about the operations at Black Fox, “We are now seeing a significant improvement in the grade. The average gold grade at the mill improved to approximately

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Apollo Gold (TSE:APG), Linear Gold (TSE:LRR), Paying Down Debt

Apollo Gold (TSE:APG) and Linear Gold (TSE:LRR) recently announced they’ve unwound their Canadian dollar currency hedges in relationship to Apollo’s $70 million Black Fox Project Facility Agreement. After repaying the approximate $8.2 million from unwinding their position, they will use it to pay down debt to about $51.8 million. The two companies will close their merger at the end of the

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