Apollo Gold (TSE:APG) said the grade at its Black Fox mine shows major improvement, signifying gold production at the project should gradually increase for the remainder of 2010.
Vice President of Operations at Apollo Gold, Tim G. Smith said about the operations at Black Fox, "We are now seeing a significant improvement in the grade. The average gold grade at the mill improved to approximately 3.0 gpt in March 2010 and further increased to almost 3.5 gpt in April 2010 and we continue to see the trend of higher grades in May. We are expecting progressively higher gold production for the remainder of 2010. "
Black Fox produced 190,000 tons of ore in the first quarter.
Estimated cash costs for the first quarter are expected to be reported from between $625 to $635 an ounce sold.
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