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Its always nice to be in good company
Thanks for your remarks
Also, I will be adding on any dips.
When will the company be reporting its numbers?
If you have been here for awhile you would see that we have been accumulating for some time now, and it certainly is undervalued on the exchanges. once this gets over .50 on the next earnings report and runs quickly to a buck and then institutions start buying it will then show its true value zoooom. added more today.
Paidmyway
No problem. Gotta do the Due
Short interest appears to on the decline as well:
http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=AGT&selected=AGT
That sounds about right HUSTLA good luck to us, GO Gold, GO AGT.
Agt is slightly undervalued in the american exchanges:
Apg.to is trading higher than here, so it shows we should be going higher
IMHO.
Be well.
Getting filled in this stock was difficult. Seems some are accumulating.
Even some insider buying action recently: http://insidercow.com/
Type in AGT and you will see all insider activity.
Be well.
The 52 wk high is .50. Thats why she is building a solid base here. Once we crack .50, it will be smoother sailing to 1.00 and then boomage, at least thats my thoughts on the matter. With gold at record levels and global currencies diluted to toilet paper, the inflation outbreak will be catastrophic to those in paper....those in gold will be rewarded greatly. JMHO.
Be well.
Looks like AGT needs to get over .50cents, then we are off to .70cents Good luck.
Well we should start the assault on whole numbers today. Good Luck
I with you, Go Gold = Go AGT. Im thinking AGT $3 to $5+ per share over the next few years. Good luck to us.
Surprised noone posting on AGT today. Well, Im in and lettin her ride for a long long time
Thats good to hear,Im looking forward to many years of good returns on gold investments.
Well any one who don't have it will be missing out and that is for sure. Right now it is a hold/buy for me and in a couple of years I will sail off into the golden sunset, LOL
Apollo Gold should be in everyone's portfolio. Good luck us all.
Ya for sure and once they kick it up to a buck then the institutions will get in and it will fly to 2-3 bucks in no time, cause that is what it is worth. IMO
That I agree with. There are alot of profit hungery traders out there. Once they sense the direction of gold and profits they'll start kicking the tires on Apollo.
This chart sure looks explosive and I am ready for a nice ride and hopefully it starts in the morning.
When do you expect news and maybe I can add a little ty
We will soon see our dollars making us more dollars here. This is one they won't be able to hold back once we see the quarterlies showing revenue. Just have patience and watch. IMO
Paidmyway
Hopefully we see a big day soon we are over due.
I have done the same and sold on the way up and now may add a little.
I would respectfully say if you are in long, it has been time to add at these prices for a long time, I know I have been. This thing will eventually go up to what it is worth after we get a couple of quarters of good results. Mega bucks just waiting for any real investors. Not pumping just stating facts I have been in since .19 and down to .10 and bought all the way and am still buying on any dips. that was long before the mill was even completed.GLTA
Huntewr that would be great from my point of view and maybe we see new highs in AGT. Maybe its time to add.
James, it is Mon. in Singapore and i think today is the day that Gold breaks $1,000.00.
Looks like the bottom is ion and time to add.
it's posted on another site which does not require a subscription. I'll try to find the link and post it.
JFF7
Fwiw..Just got my Northern Miner a few days ago (always get it late:),it has a front page and well written article on AGT "Apollo Giant Leap to Production" in vol 95. You can access it here, I think ?, but you may have to join up for a free 4 week trial subcripion to read it...
http://www.northernminer.com/issues/search.asp?nbs=t
Ty but I dont folow this as close as a moderator should.
Apollo Gold Reports Second Quarter 2009 Results
http://www.apollogold.com/en/news1m/news_2009/news081409.pdf
James why don't you jump in there as moderator, I think you would do well , you seemwell up on Apollo. Give it a shot.GLTA
PR**Apollo Gold Reports Second Quarter 2009 Results
(Turning the corner here!)
2009-08-14 18:19 ET - News Release
Company Website: http://www.apollogold.com
DENVER -- (Business Wire)
Apollo Gold Corporation (“Apollo” or the “Company”) (TSX: APG) (NYSE Amex: AGT) announced today net income of $1.3 million, or $0.00 per share, for the three months ended June 30, 2009, as compared to a net loss of $1.3 million, or $0.01 per share, for the three months ended June 30, 2008. There was a net loss for the six months ended June 30, 2009, of $23.5 million, or $0.10 per share, compared to net income of $2.3 million, or $0.01 per share, for the same period in 2008. Unless otherwise indicated, all dollar amounts are reported in U.S. currency.
R. David Russell, President and CEO of Apollo, said, “We are very pleased with the development and construction of the Black Fox project. Our team of professional and hourly employees at the site has worked long hours, since the fall of 2008, to complete the construction and bring the operation into full production by June of 2009. I would like to thank all the Apollo employees for their dedicated service and also our shareholders that have stayed with us during the exploration, development, and construction period. Black Fox will now become Apollo Gold’s flagship operation for the future.”
Second Quarter Highlights and Other Recent Developments
Black Fox
We commenced open pit operations at the Black Fox mine in mid-March 2009 and, during the second quarter; we mined 1,100,000 tonnes of material of which 198,000 tonnes was gold ore.
The commissioning of the upgraded mill commenced in mid-April and, during the first week of May 2009, the new ball mill was also brought online. The first gold pour and sales occurred in late May 2009. During May and June 2009, the mill processed 75,800 tonnes of ore (1,242 tonnes per day on average), at a grade of 5.28 grams per tonne, achieving a recovery of 92.5%, for total gold production of 11,840 ounces. Sales of gold produced at Black Fox during the second quarter were 5,043 ounces at a total cash cost1 of $403 per ounce.
1 The term “total cash cost” is a non-GAAP financial measure. Please see the note regarding non-GAAP financial measures at the end of this press release.
In the first week of July, we commissioned the new crushing circuit which enabled us to increase mill throughput. During the month of July 2009, 54,600 tonnes of ore (1,761 tonnes per day on average) was processed at a grade of 3.6 grams per tonne achieving a recovery of 92.4% for total gold production of 5,822 ounces. The mill has been processing ore at the rate planned and recoveries have been satisfactory; however, grades of ore delivered to the mill have been lower than expected. As a result, gold production for the three month period ending July 31, 2009, was less than 80% of the amount projected in the “cash flow model” (as defined in the Project Facility) provided to the Banks under the Project Facility, which triggered a “review event” (as defined in the Project Facility). We notified the Banks of the “review event” in July 2009. Under the terms of the Project Facility, the Banks have 30 days from the date of receipt of such notice to determine if they wish to continue to provide the Project Facility. If they do not wish to continue to provide the Project Facility, they must provide notice of such determination and state a date (which may not be earlier than 90 days from the date of service of the notice) by which amounts outstanding under the Project Facility must be repaid and all hedging transactions put in place thereunder must be unwound. Although the occurrence of the “review event” triggers the foregoing rights of the Banks under the Project Facility, the Banks have informed us that they continue to support Black Fox and we are confident that they will not seek a termination of the Project Facility as a result of the occurrence of the review event. We are taking appropriate steps to improve grade control and are engaged in constructive discussions with the Banks regarding resolving any issues related to the review event, including regarding the possibility of rescheduling the quarterly repayment installments under the Project Facility, which are currently scheduled to commence September 30, 2009, to better reflect the expected cash flows from Black Fox production for the next twelve months. During the third quarter 2009, our objective is to maintain throughput at the mill of 1,800 tonnes per day, to improve recoveries towards a target of 95% and to optimize the grade of ore being processed.
Capital expenditures for the three and six months ended June 30, 2009, were approximately $19 million and $40 million, respectively, which included (1) $26 million towards the cost of upgrading the Black Fox mill to increase its throughput rate, (2) $4 million for contract pond and road construction at the mine site and (3) other capitalized expenditures of $10 million including contract pre-stripping of the open pit.
Montana Tunnels
The Montana Tunnels mine ceased milling operations on April 30, 2009, and we placed the mine and mill on care and maintenance at that time. For the months of May and June 2009, the care and maintenance costs totaled $0.3 million; Apollo’s share of these costs is 50%.
During the month of April 2009, when the mill was operational, the mill processed 343,400 tons of stockpiled ore at an average throughput of 11,447 tons per day. Payable production was 1,990 ounces of gold, 52,000 ounces of silver, and 928,000 pounds of lead and 270,000 pounds of zinc. Apollo’s share of this production is 50%.
Total cash costs for the month of April 2009 were (i) $862 per ounce of gold on a by-product basis and $833 per ounce of gold on a co-product basis, (ii) $12.17 per ounce of silver, (iii) $0.67 per lb of lead and (iv) $0.69 per lb of zinc. For the second quarter 2009, the higher cash costs per ounce of gold on a by-product basis compared to the second quarter 2008 are mainly the result of a reduction in by-product credits due to the decline in world zinc and lead prices combined with the lower grade of zinc processed.
Huizopa Project
On July 7, 2009, we filed a Canadian National Instrument 43-101 for the Huizopa project. This 43-101 more fully describes the property and the drilling results from our 2008 drilling program, but does not contain any resources or reserves.
Consolidated Financial Results Summary
(All Dollars in U.S., 000's, except per share data)
Three months ended
June 30,
Six months ended
June 30,
2009(1)(2) 2008 2009(1)(2) 2008
Revenues from sale of minerals for the period $ 7,558 $ 10,019 $ 14,928 $ 25,921
Net income (loss) for the period $ 1,266 ($1,329 ) ($23,487 ) $ 2,325
Basic net income (loss) per share (US$) $ 0.01 ($ 0.01 ) ($ 0.10 ) $ 0.01
Diluted net income (loss) per share (US$) $ 0.00 ($ 0.01 ) ($ 0.10 ) $ 0.01
(1)
Decreased revenues are a result of lower production levels at Montana Tunnels as a result of the mine
and mill being placed on care and maintenance on April 30, 2009, and lower prices of lead, zinc and
silver, offset partly by the commencement of gold production and sales at the Black Fox mine and mill.
(2)
$3.4 million of the gain in the second quarter 2009 is a result of recording an unrealized gain on
derivative contacts comprised of (1) an unrealized loss of $0.6 million for the change in value recorded
for gold forward sales contracts held as of June 30, 2009 and (2) an unrealized gain of $4.0 million for
the change in value of Canadian dollar foreign exchange contracts held as of June 30, 2009. Both the
gold forward sales contracts and Canadian dollar foreign exchange contracts were entered into on
February 20, 2009 in connection with the Project Facility.
Apollo Gold Corporation
Apollo is a gold mining and exploration company which operates the Black Fox mine in Ontario, Canada, and the Huizopa project, an early stage exploration project in the Sierra Madres in Chihuahua, Mexico. Apollo also owns the Montana Tunnels mine, which is a 50% joint venture with Elkhorn Tunnels, LLC, in Montana, which was placed on care and maintenance on April 30, 2009.
FORWARD-LOOKING STATEMENTS
This press release includes “Forward-Looking Statements” within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “schedules,” “predicts,” “intends,” “continue,” or the negative of such terms, or other comparable terminology. All statements regarding: the status of Black Fox being the flagship property of the Company, the ability of the Company to improve future grade control and to increase gold production at Black Fox mill, the ability of the Company to resolve the Review Event with the Banks in a satisfactory manner, the ability of the Company to reschedule the quarterly repayment installments under the Project Facility, to maintain throughput at the mill of 1,800 tonnes per day, to improve recoveries towards a target of 95% and to optimize the grade of ore being processed, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include: difficulties or delays in permitting at Black Fox, results of drilling and other exploration activities at Huizopa, and other factors disclosed under the heading “Risk Factors” in Apollo’s most recent annual report on Form 10-K filed with the United States Securities and Exchange Commission and elsewhere in Apollo’s documents filed from time to time with the Toronto Stock Exchange, The American Stock Exchange, The United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this press release are based on information available to Apollo on the date hereof. Apollo assumes no obligation to update any forward-looking statements.
NON-GAAP FINANCIAL MEASURES
The term “total cash costs” is a non-GAAP financial measure and is used on a per ounce of gold basis. Total cash cost is equivalent to direct operating cost as found on the Consolidated Statements of Operations and includes by-product credits for payable silver, lead, and zinc production. We have included total cash cost information to provide investors with information about the cost structure of our mining operation. This information differs from measures of performance determined in accordance with GAAP in Canada and in the United States and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. This measure is not necessarily indicative of operating profit or cash flow from operations as determined under GAAP and may not be comparable to similarly titled measures of other companies.
Contacts:
Apollo Gold Corporation
Marlene Matsuoka, 720-886-9656 Ext. 217
Investor Relations
Toll Free: 1-877-465-3484
ir@apollogold.com
www.apollogold.com
Source: Apollo Gold Corporation
May not need one with the help of this interview by the CEO (David Russell) of AGT. ;)
http://www.wallstreetreporter.com/2009/08/apollo-gold-corp-nyse-agt-ceo-interview/
I accept all of your thanks for helping to move the AGT share price upwards. I sold 1,000 of my 3,500 shares last week when the price reached $0.44/share (bought my shares between $0.20 and $0.25) and look forward to much higher prices. My sell orders have a habit of launching share prices in most of the stocks I own.
Apollo Gold Second Quarter 2009 Gold Production from Its Black Fox Mine
Press Release
Source: Apollo Gold Corporation
On Tuesday July 28, 2009, 9:00 am EDT
Buzz up! 0
Print
Companies: Apollo Gold Corp.
DENVER--(BUSINESS WIRE)--Apollo Gold Corporation (“Apollo” or “we”) (TSX: APG - News) (NYSE Amex: AGT) is pleased to update the market on the second quarter 2009 gold production and progress at its Black Fox mine located near Timmins, Ontario.
Related Quotes
Symbol Price Change
AGT 0.47 +0.02
On June 2, 2009, we announced that our Black Fox project had poured its first gold bars during the last week of May and was in commercial production. We are pleased to report that during the two months of May and June 2009 the Black Fox mill processed 78,000 tonnes of ore at an average grade of 5.1 grams of gold per tonne ore to produce 11,860 ounces of gold (recovery approximately 92.5%). The average mill throughput rate was therefore approximately 1,280 tonnes per day.
R. David Russell, President and CEO of Apollo, stated: “On June 2, 2009, we announced that our near-term objectives at Black Fox were (i) to operate the mill at a steady rate of 1,500 tonnes of ore per day for June 2009, (ii) to commission the new crushing circuit in early July 2009 and (iii) to increase throughput to our target of 1,800 tonnes per day by late September 2009. Due to a few minor mechanical challenges, we were unable to achieve the steady state throughput at the mill of 1,500 tonnes per day during the first half of June, but we were able to achieve it throughout the second half of June 2009. I am also pleased to announce that we did commission the new crushing circuit during the first week of July, on schedule, and that, for the first 26 days of July 2009 the mill throughput has averaged 1,800 tonnes per day.”
Apollo Gold Corporation
Apollo is a gold mining and exploration company which operates the Black Fox mine in Ontario, Canada, and the Huizopa project, an early stage exploration project in the Sierra Madres in Chihuahua, Mexico. Apollo also owns the Montana Tunnels mine, which is a 50% joint venture with Elkhorn Tunnels, LLC, in Montana, which was placed on care and maintenance on April 30, 2009.
FORWARD-LOOKING STATEMENTS
This press release includes “Forward-Looking Statements” within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “schedules,” “targets,” “predicts,” “intends,” “continue,” or the negative of such terms, or other comparable terminology. All statements regarding future throughput rates at the Black Fox mill are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include: additional operational, geotechnical, processing problems at the Black Fox mine and mill, unexpected changes in business and economic conditions, political or economic instability, significant decreases in gold prices, difficulties or delays in permitting at Black Fox, changes in interest and currency rates, local and community impacts and issues, labor accidents, environmental risks and other factors disclosed under the heading “Risk Factors” in Apollo’s most recent annual report on Form 10-K filed with the United States Securities and Exchange Commission and elsewhere in Apollo’s documents filed from time to time with the Toronto Stock Exchange, The NYSE Amex exchange, The United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this press release are based on information available to Apollo on the date hereof. Apollo assumes no obligation to update any forward-looking statements.
Contact:
Apollo Gold Corporation
Marlene Matsuoka, 720-886-9656 Ext. 217
Investor Relations
Toll Free: 1-877-465-3484
ir@apollogold.com
The chart sure looks ready to pop
I added this morning.
AGT chart looks as if it is ready for a breakout and todays gold price could help.
Maybe we have made a turn and are ready for a nice advance.
I will definately watch what happens the next weeks :)
Ty Maybe we can have a good day, week.
Apollo Gold announces release of NI43-101 report on exploration at the Huizopa Project in Mexico
A number of gold juniors were running today. Rubicon, Centamin, OGC.
All on no news.
Could the gold juniors be warming up?
JFF7
ty and I hope SHE/HE is listening. NOW IS THE TIME TO BUY WE ARE TURNING.
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[ Stock Quotes ]
APG : TSX | AGT : AMEX
Apollo Gold is involved in the acquisition, exploration and development of gold deposits; ranging from initial metals exploration to gold producing operations. The Company is currently engaged consecutively in all 3 phases of gold mining.
Our current objectives are to commence mine construction at our Black Fox Project, drilling and road construction at our Huizopa Project, and to continue profitable production at the Montana Tunnels Mine. In addition, we continue to evaluate potential acquisition and exploration prospects.
http://www.apollogold.com/en/blackfox.htm
http://www.apollogold.com/en/investors_company.htm
http://www.apollogold.com/en/investors_management.htm
http://www.apollogold.com/en/investors1m/presentations/091409dgf.pdf
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