Last 3.63 GBp
Change Today 0.00 / 0.00%
Volume 68.6K
As of 11:35 AM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

beowulf mining plc (BEM) Snapshot

3.63 GBp
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3.63 GBp
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3.63 GBp
Day Low
3.63 GBp
52 Week High
09/25/13 - 8.35 GBp
52 Week Low
06/30/14 - 3.30 GBp
Market Cap
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-0.0093 GBp
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Current Stock Chart for BEOWULF MINING PLC (BEM)

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beowulf mining plc (BEM) Details

Beowulf Mining plc explores for and develops mineral resource properties in Sweden. The company explores for iron ore, copper, gold, uranium, and molybdenum. It primarily holds interest in the Kallak North and Kallak South iron ore deposits in Northern Sweden. The company is based in Ely, the United Kingdom.

5 Employees
Last Reported Date: 06/18/14

beowulf mining plc (BEM) Top Compensated Officers

Technical Director and Executive Director
Total Annual Compensation: 181.9K GBP
Production Director and Director
Total Annual Compensation: 95.5K GBP
Compensation as of Fiscal Year 2013.

beowulf mining plc (BEM) Key Developments

Beowulf Mining plc Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Beowulf Mining plc announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported operating loss of £194,000 compared to £234,000 a year ago. Loss before and after taxation was £264,000 compared to £220,000 a year ago. Loss attributable to owners of the parent company was £264,000 or 0.092 pence per diluted share compared to £220,000 or 0.103 pence per diluted share a year ago.

Beowulf Mining plc Provides Operational Update on Kallak and Ballek Projects

Beowulf Mining plc announced an operational update in respect of both its Kallak and Ballek projects. Encouraging results received, ahead of schedule, from the Geological Survey of Finland ("GTK") in relation to its pilot scale test work on material from the test mining sampling programme conducted on a defined area of the Kallak North deposit, and transported to GTK's facility in Finland, late last year. The grade and recovery levels from the magnetite beneficiation circuit tested were excellent with further test work by GTK currently scheduled for May/June 2014. The group's drilling campaigns on both the Kallak North and Kallak South deposits have now recommenced. Recently granted Ågåsjiegge nr2 exploration permit has further extended the Group's licenced area in the Kallak region. Ongoing Ballek drill campaign continues to make good progress with operations currently underway on the sixth hole of the planned eight hole programme with 1,540 m of drilling completed to date. Core samples from the ongoing drilling are being sent to the ALS laboratory in Öjebyn for analysis with initial results currently expected to be received in second quarter of 2014.

Beowulf Mining plc Announces Unaudited Consolidated Financial Results for the Year Ended December 31, 2013

Beowulf Mining plc announced unaudited consolidated financial results for the year ended December 31, 2013. For the year, operating loss was £1,120,547 against £1,371,929 a year ago. Loss before tax was £2,186,514 against £1,295,692 a year ago. Loss was £2,186,514 or 0.89 pence per diluted share against £1,295,692 or 0.60 pence per diluted share a year ago. Net cash used in operating activities was £954,137 against £992,958 a year ago. Purchase of intangible fixed assets was £1,881,350 against £1,298,255 a year ago. Purchase of tangible fixed assets was £1,885 against £419 a year ago. Purchase of fixed asset investments was £57,023 against £59,937 a year ago.


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