EX-12.1 6 ex-12_1.htm

Apollo Gold Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
 
   
Six Months Ended June 30, 2004
  
Years ended December 31,
 
       
2003
  
2002
  
                     
Net loss
  
$
(7,921
)
$
(2,186
)
$
(3,051
)
Add: Fixed Charges
    
207
    
544
    
991
  
                     
Earnings, as defined
  
$
(7,714
)
$
(1,642
)
$
(2,060
)
                     
Interest Expense
    
207
    
544
    
991
  
                     
Total Fixed Charges (1)
    
207
    
544
    
991
  
                     
Deficiency of Earnings to Cover Fixed Charges
  
$
(7,921
)
$
(2,186
)
$
(3,051
)
                     
                     
                     
(1) The company does not have any of the following items: amortized premiums, discounts and capitalized expenses related to indebtedness, interest within real estate expenses, or preference security dividends