Haywood gives thumbs up to Apollo Gold’s Montana Tunnels sale

Haywood Securities says Apollo Gold’s decision to divest its 50% ownership in the Montana Tunnels project is good for Apollo’s Black Fox gold mine, and for eventually resuming production at Montana Tunnels. Read more….

Apollo Gold starts mining at Black Fox project

Apollo Gold has announced that open pit mining operations commenced at its Black Fox mine in Ontario, Canada in March 2009. The company also stated that it expects to reach a throughput rate of 1,500 tonnes per day by the end of May at its Black Fox Mill after the first blast took place on [...]

Apollo Gold closes Black Fox financing scheme

Apollo Gold has reported that it has closed a $70 million (£48.6 million) project financing agreement for its Black Fox wholly-owned property near Timmins, Ontario. Under the agreement with Macquarie Bank and RMB Australia Holdings, the new facility refinances a $15 million bridging loan with the two banks from December 2008. The funds will be [...]