Beowulf Mining upgrades resource at Kallak North
3rd Apr 2013 11:16
Beowulf Mining's shares plummeted below 22 per cent early Wednesday as the company updated the market on its resource estimate for the Kallak North deposit. The Joint Ore Reserves Committee (JORC) compliant tonnage at Kallak North, an iron ore deposit in northern Sweden, was increased by 9.5%. I
Read moreShares jump as Beowulf's Kallak deposits are designated 'Area of National Interest'
25th Feb 2013 11:40
Shares in AIM-listed mineral exploration company Beowulf Mining rose after the company reported that its Kallak deposits had been designated an 'Area of National Interest' for minerals by the Swedish Geological Society. The designation affords protection, to the extent possible, against competing l
Read moreIndigenous community launches court appeal over Beowulf Mining subsidiary's operations
1st Feb 2013 10:11
AIM-listed natural resources developer Beowulf Mining has issued an operational update regarding a recent legislative issue relating to its subsidiary Jokkmokk Iron mines AB (JIMAB). The company revealed that JIMAB, which is currently involved in drilling development in Kallak - a region with an in
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreLondon close:Unemployment data boosts sentiment
17th Oct 2012 16:58
The Footsie finished the day firmly in the blue and just short of the day's high after better-than-expected unemployment figures lifted sentiment. Miners were also playing their part, boosted by investor confidence ahead of the third quarter growth data due out from China, which is expected to incr
Read moreResources round-up: Beowulf, Jubilee Platinum, Richland Resources
17th Oct 2012 14:08
Beowulf, the Sweden-focused mineral exploration company, jumped 10% after it said latest assay results from its completed drill programme at its Kallak North mine were "most encouraging". The results included indications of further high grade iron mineralisation on the southerly extension of the dep
Read moreResources round-up: Angel Mining, Beowulf Mining, Noventa
31st Aug 2012 13:10
Angel Mining, which is currently focused on building a successful mining operation in Greenland, cheered its investors with the news that as of July 31st it had sold 7,569 ounces of gold at an average price of 1,668 dollars per ounce since its first gold sale in August 2011. The firm is continuing t
Read moreBeowulf floored by reindeer
16th Jan 2012 08:32
Beowulf Mining, the Sweden-focused mineral explorer, says drilling at its Kallak North and Kallak South sites may be delayed until May this year after objections from the local Saami community. The Saami are a nomadic people living in northern Scandanavia; they say the drilling will affect their se
Read moreBeowulf blames share price fall on market volatility
30th Nov 2011 14:08
Beowulf Mining, the Swedish miner which has seen its share price more than halve over the last month, has blamed the recent market volatility for the performance. Alongside the group's third quarter update, executive chairman Clive Sinclair-Poulton said that the due to the "considerable turmoil and
Read moreBeowulf raises £6.7m for assets that could go on block
16th Nov 2011 16:35
Mineral explorer Beowulf said it had successfully raised £6.7m in a share placement with UK and Swedish institutional and other investors. The company intends to use the proceeds to finance further exploration at its Kallak iron ore projects, as well as planned drilling acitivities on its Ballek co
Read moreBeowulf plans extensive drilling programme
20th Oct 2011 12:45
Mineral exploration company Beowulf has announced plans to begin an extensive drilling programme at its Kallak deposits in Sweden. The firm is planning a two phase drilling programme consisting of around 7,000m in the first phase beginning later this year and phase two consisting of a significantl
Read moreExciting chapter ahead for Beowulf
12th Oct 2011 10:07
Beowulf Mining's Ruoutevare and Kallak projects could produce high levels of revenue for the company, a report has shown. The group said that Ruoutevare could generate gross revenues of $9.1bn over a 15 year mine life at an extraction rate of 10m tonnes per year. Operating costs for the period is e
Read moreBeowulf upbeat as losses widen
30th Aug 2011 09:32
AIM listed mineral exploration company Beowulf said half-year losses widened but believes its strong project portfolio makes it well positioned against a backdrop of increasingly volatile and uncertain global capital markets. Beowulf, which currently has ten exploration projects in Northern Sweden
Read moreLondon close: Stocks slide after short-lived rally
10th Aug 2011 16:43
London's leading share index almost closed back below the 5,000 point mark after giving up a short-lived rally. Euphoria over US plans to keep interest rates at their current low levels was soon overshadowed by the reason for the plans: the grim economic outlook. Here, the Bank of England has cut
Read moreHeroic find lifts Beowulf
10th Aug 2011 16:12
Beowulf was posting muscular gains after the Sweden-focused miner said drilling at its Kallak iron ore project indicated the presence of more than 400m tonnes of ore. The drilling programme was conducted at Kallak South, Beowulf is now drilling at Kallak North to see if there is a possible connecti
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