EXHIBIT 31.2

CERTIFICATION  OF  PRINCIPAL  FINANCIAL  OFFICER
(PURSUANT  TO  SECTION  302  OF  THE  SARBANES-OXLEY  ACT  OF  2002)

I,  R.  Llee  Chapman,  certify  that:

     1.   I  have  reviewed  this  Quarterly  Report on Form 10-Q of Apollo Gold
          Corporation.

     2.   Based  on  my  knowledge,  this  report  does  not  contain any untrue
          statement  of  a  material  fact  or  omit  to  state  a material fact
          necessary  to  make the statements made, in light of the circumstances
          under  which such statements were made, not misleading with respect to
          the  period  covered  by  this  report;

     3.   Based  on  my knowledge, the financial statements, and other financial
          information  included  in  this report, fairly present in all material
          respects the financial condition, results of operations and cash flows
          of  the  registrant  as  of,  and  for,  the periods presented in this
          report;

     4.   The registrant's other certifying officer(s) and I are responsible for
          establishing  and  maintaining  disclosure controls and procedures (as
          defined  in  Exchange  Act  Rules  13a  -  15(e) - 15d -15(e)) for the
          registrant  and  have:

                    (a)  Designed  such  disclosure  controls and procedures, or
                         caused  such  disclosure  controls and procedures to be
                         designed under our supervision, to ensure that material
                         information  relating  to the registrant, including its
                         consolidated  subsidiaries,  is  made  known  to  us by
                         others  within  those entities, particularly during the
                         period  in  which  this  report  is  being  prepared;
                    (b)  Evaluated  the  effectiveness  of  the  registrant's
                         disclosure  controls  and  procedures  and presented in
                         this  report our conclusions about the effectiveness of
                         the  disclosure  controls and procedures, as of the end
                         of  the  period  covered  by  this report based on such
                         evaluation;  and
                    (c)  Disclosed in this report any change in the registrant's
                         internal control over financial reporting that occurred
                         during the registrant's most recent fiscal quarter that
                         has  materially  affected,  or  is reasonably likely to
                         materially  affect,  the  registrant's internal control
                         over  financial  reporting;  and

     5.   The  registrant's  other  certifying  officer(s) and I have disclosed,
          based on our most recent evaluation of internal control over financial
          reporting, to the registrant's auditors and the audit committee of the
          registrant's  board of directors (or persons performing the equivalent
          functions):

                    (a)  All significant deficiencies and material weaknesses in
                         the  design  or  operation  of  internal  control  over
                         financial  reporting  which  are  reasonable  likely to
                         adversely  affect  the  registrant's ability to record,
                         process,  summarize  and  report financial information;
                         and
                    (b)  Any  fraud,  whether  or  not  material,  that involves
                         management  or  other  employees who have a significant
                         role  in  the  registrant's  internal  control  over
                         financial  reporting.


               /s/  R.  Llee  Chapman
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                    R.  LLEE  CHAPMAN,  CHIEF  FINANCIAL  OFFICER

                    May  14,  2004


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