Thor Mining says gold project much bigger than thought
20th Dec 2011 10:48
Shares in Thor Mining jumped 10% after the firm said recent drilling indicates that its Spring Hill gold project in Australia is considerably bigger than it originally estimated. Economic mineralisation is potentially as much as 100 metres below historical resource drilling with good correlation b
Read moreThor Mining non-executive director resigns
19th Aug 2011 16:20
Thor Mining's Norm Gardner has resigned from his position as a non-executive director of the Australia-focused exploration company with immediate effect. The reason for Gardner's resignation is attributed to his wish to focus his time on Western Desert Resources, where he is managing director. Th
Read moreSmall caps round-up: Arian Silver, Central Asia, Thor
21st Feb 2011 11:06
Arian Silver has uncovered the widest intersections of economic grade silver mineralisation so far at its 100%-owned San Jose Property in Zacatecas State, Mexico. The results from the first two holes in the Guanajuatillo area along the San Jose Vein comes as the group completes 24 holes of its phas
Read moreLondon close: Shares end week on a high
21st Jan 2011 16:59
London's leading share index went into the weekend on a high after falls the previous two days. Royal Bank of Scotland led the top share index higher after the FT reported that bank executives and officials at the Treasury are talking about ways for the bank to exit the toxic asset scheme. After
Read moreLondon afternoon: Miners lead revival
21st Jan 2011 14:35
After yesterday's triple-digit fall the Footsie has clawed back around half of those losses, helped by a strong performance from miners. Weather conditions in Australia have improved enough to allow Rio Tinto to end the force majeure event that's disrupted supplies of aluminium from Boyne Smelters
Read moreSmall caps round-up: African Eagle, Finsbury Food, Thor Mining
21st Jan 2011 12:08
African Eagle's £3.7m placing at 15.5p a share was oversubscribed by new and existing institutional shareholders, the company said Friday. Chairman Euan Worthington said the firm, which is pinning its hopes on the Dutwa nickel project in Tanzania, had enough cash to complete a pre-feasibility study
Read moreLondon close: US jobs data lifts sentiment
24th Nov 2010 16:44
Footsie put its early uncertainty behind it to close with good gains, helped by strong jobs figures from the US which cheered global markets following the jitteriness of the last couple of days. First-time jobless claims fell by a bigger than expected 34,000 to 407,000 in the week ended 20 November
Read moreLondon afternoon: Rolls celebrates another big order
24th Nov 2010 14:36
Barely a dozen or so FTSE 100 constituents are in the red today as the blue-chip index sets about clawing back some of the losses of the last two days, despite continued concerns about the Irish debt crisis and the military tensions in Korea. Better than expected jobs data from the US put investors
Read moreThor Mining tries explaining price spike
24th Nov 2010 14:00
Thor Mining spiked over 70% today, but the AIM-listed miner involved in gold, tungsten-molybdenum and rare earth elements in Australia, insists it isn't hiding anything. "Following the movement in the Thor share price this morning and the increase in market volume the directors are not aware of any
Read moreBattle for 'rare earth' begins
1st Nov 2010 11:42
Most of us won't have looked at a periodic table since school, but now's the time to brush up on your chemistry as mining companies go chasing ever more exotic and elusive elements. Rare earth metals are the latest craze in the mining world. China has the biggest deposits and is getting protective.
Read moreThor revives rare earth prospect amid talk of 'bubble'
25th Oct 2010 12:10
A surge in the price of mining companies hunting for rare earth elements is causing concern within the investment community, raising concerns about a new investment bubble. The Chinese, which dig out around 97% of the world's supply, have cut exports of the minerals used by manufacturers of electri
Read moreThor excited by Dundas
23rd Sep 2010 14:29
Thor Mining extended recent gains Thursday after it talked up its Dundas gold project in Western Australia where it will start a preliminary drilling programme as soon as permits are received. The miner picked up Dundas, just to the east of the spectacular 700km long greenstone belt that includes t
Read moreThor Mining To Acquire Dundas Gold Project
12th Jul 2010 08:02
LONDON (Dow Jones)--Thor Mining PLC (THR.LN), a resources company with projects in Australia, announced Monday for the quarter ended Jun. 30, the company finalized the agreement to acquire the Dundas Gold Project in the Albany-Fraser Orogen at the margin of Western Australia's gold-rich Archaean Yi
Read moreLondon close: Footsie drops slightly
5th Jul 2010 16:33
London's main markets closed slightly lower after trading within a tight range all day. BP was the strongest blue chip all day on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf di
Read moreUK SMALLCAP ROUNDUP: Sagentia To Beat Market Views
5th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SAGENTIA GROUP PLC (SAG.LN), a technology consultant, said Monday its first-half profit is expected to "substantially" beat market expectations, on the b
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