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**UNITED STATES**


**SECURITIES AND EXCHANGE COMMISSION**


**WASHINGTON, D.C. 20549**





**FORM 10-K/A**








[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)


OF THE SECURITIES EXCHANGE ACT OF 1934




FOR THE FISCAL YEAR ENDED DECEMBER 31, 2003





COMMISSION FILE NUMBER: 001-31593





**APOLLO GOLD CORPORATION**


(Exact name of registrant as specified in its charter)


_________________








|YUKON TERRITORY                                                | NOT APPLICABLE                      
|-------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.)




4601 DTC Boulevard, Suite 750


Denver, Colorado 80237-2571


(Address of Principal Executive Offices Including Zip Code)





(720) 886-9656


(Registrant's telephone number, including area code)


_________________





SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None





SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:


Common Stock, no par value





Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.


Yes [X] No [_]





Indicate by a check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [_]





Indicate by check mark whether the Registrant is an accelerated filer (as defined in Rule 12b-2 of the Act).


Yes [_] No [X]





As of March 15, 2004, the approximate aggregate market value of voting stock held by non-affiliates of the registrant was $147,811,000  (based upon the closing price for shares of the registrant's common stock as reported by the American Stock Exchange on that date). Shares of common stock held by each officer, director, and holder of 5% or more of the outstanding common stock have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.





As of March 15, 2004, the registrant had 75,031,198 shares of common stock, no par value per share, outstanding.


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**EXPLANATORY NOTE**





This Form 10-K/A is being submitted solely in order to amend and correct Item 9A. As a result of the amendment of Item 9A, the Section 302 and Section 906 certifications filed as Exhibits in Item 15 have been re-executed as of the date of this Form 10-K/A. No revisions have been made to the Corporations financial statements or any other disclosure contained in the Corporations original Annual Report on Form 10-K or the amendments filed thereto on Form 10-K/A.





**Item 9A.**  **CONTROLS AND PROCEDURES.**





The principal executive officer and principal financial officer have evaluated the effectiveness of the Corporations disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the United States *Securities Exchange Act of 1934* , as amended) as of December 31, 2003. Based on the evaluation, the principal executive officer and principal financial officer have concluded that the disclosure controls and procedures in place are effective to ensure that information required to be disclosed by the Corporation, including consolidated subsidiaries, in reports that the
Corporation files or submits under the *Exchange Act* , is recorded, processed, summarized and reported on a timely basis in accordance with applicable time periods specified by the Securities and Exchange Commission rules and forms. There has been no change in the Corporations internal control over financial reporting during the quarter ended December 31, 2003, that has materially affected, or is reasonably likely to materially affect, the Corporations internal control over financial reporting.


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**ITEM 15.   EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K**






The following exhibits are being filed or furnished with this Report:




|**Exhibit**
**Number** | **** | **Description of Exhibit**                                                                                                                                                                         
|---------------------- | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                       |      |                                                                                                                                                                                                    
|31.1                   |      | Certification of Chief Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|                       |      |                                                                                                                                                                                                    
|31.2                   |      | Certification of Chief Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|                       |      |                                                                                                                                                                                                    
|32.1                   |      | Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                 
|                       |      |                                                                                                                                                                                                    
|32.2                   |      | Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                 








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**SIGNATURES**





Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.





**APOLLO GOLD CORPORATION**Date: January 20, 2005
By:
/s/ R. David RussellR. David Russell, President and Chief Executive Officer