Extract
Apollo Gold Reports Third Quarter 2005 Results.
DENVER -- Apollo Gold Corporation ("Apollo" or the "Company") (TSX: APG) (AMEX: AGT) announced today a net loss of $7.2 million, or $0.07 per share, for the third quarter 2005 compared to a net loss of $11.2 million, or $0.14 per share, for the third quarter 2004. The net loss for the nine months ended September 30, 2005, was $18.0 million ($0.18 per share) compared to a net loss for the same period 2004 of $25.3 million ($0.32 per share). All dollars are reported in U.S. currency.
On May 30, 2005, the Company adopted a plan to dispose of its Nevada assets (the "Nevada Assets"), which consist of the Florida Canyon Mine, Standard Mine and four Nevada exploration properties. The Nevada Assets are classified as "assets held for sale" and have been separated from the other assets within the Consolidated Balance Sheets. Also, the Nevada Assets only appear as a single line within the Consolidated Statements of Operations called "Loss from discontinued operations." The Company's total operating losses for the three and nine months ended September 30, 2005, are as follows: Three months ended Nine months ended ------------------- ----------------- September 30, September 30, ------------------- ----------------- 2005 2004 2005 2004 $ 000's $ 000's $ 000's $ 000's ---------- -------- -------- -------- Loss from continuing operations (3,614) (8,476) (12,006) (22,745) Loss from discontinued operations (3,599) (2,753...See the full content of this document
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