Production at Apollo Gold's Black Fox Mine 75 kilometres east of Timmins reached 15,820 ounces of gold in the fourth quarter of 2009, having achieved the 2,000-tonne-per-day target ahead of the year-end schedule.
From the time production began in May 2009 to the end of the year, Apollo produced 52,961 ounces of gold, of which 47,430 ounces were processed at the Black Fox Mill 30 kilometres west of the mine. The remainder was toll milled.
Also, Apollo completed a new conveyor for a crusher scalping circuit in late 2009, and commissioned in January 2010. This will reduce operating costs by improving crusher capacity by 30 per cent. Additional efficiencies are expected from the completion of a new water management system in the first quarter of 2010. This will better separate water from tailings, allowing for greater capacity in the tailings impoundment.
Full fourth-quarter and full-year 2009 financial results will be released by March 16.
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