Apollo Gold - Reports Third Quarter 2004 Results

Apollo Gold - Reports Third Quarter 2004 Results

November 11, 2004, Denver, Colorado -  Apollo Gold Corporation ("Apollo" or the "Company")(TSX:APG)(AMEX:AGT) today announces its third quarter ended September 30, 2004, results. The Company reported a net loss of $6.1 million or $0.08 per undiluted share for the third quarter 2004 compared to the net gain of $0.4 million or $0.01 per undiluted share for the third quarter 2003. The year to date 2004 net loss is $14.0 million ($0.18 per undiluted share) compared to a $2.5 million ($0.05 per undiluted share) net loss for the equivalent period in 2003.

Third Quarter Highlights

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Apollo Gold Shows Little Improvement

By Peter Shout

Apollo Gold Corp. released its third quarter results Thursday after the close, reporting only 19,787 ounces of gold production for the period, which CEO R. David Russell called, "an improvement."

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