Tuesday, 7th December 2004 (2442 views)

The American-based Apollo Gold Corporation has announced the completion of the construction phase of its Standard Mine and facilities near its Florida Canyon operations in Nevada.

The Standard Mine, which is part of a 3.2-million-square-foot facility, is an open pit gold operation utilising typical heap leaching and carbon absorption mineral processing.

Production will be phased in throughout 2005 with total production planned at over 40,000 ounces of gold for 2005.

"The completion of Standard Mine construction and beginning of production represents a key milestone in Apollo's plan for profitability and growth," Apollo Gold president and CEO David Russell stated.

"Standard represents our commitment to the continuing operations in Nevada and should contribute to the growth of Apollo Gold."

 

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