IN BRIEF: Beowulf Mining third-quarter loss narrows after loan repaid
Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Consolidated loss narrows to GBP586,127 in the third quarter that ended September 30 from GBP593,178 a year prior, as finance charges fall to effectively none from GBP146,120. This was the result of a bridging loan being repaid in the first quarter of 2023. The company does not generate revenue. Looking ahead, Beowulf is focused on Kosovo, where Vardar Minerals completed "critical" baseline mapping and sampling on Beowulf's Shala licenses. Chief Executive Ed Bowie explains: "The area contains kilometre-scale hydrothermal alteration systems with significant base and precious metal content identified in soils and grab samples. Follow-up work including detailed mapping, infill sampling and drone magnetic surveys, are helping to better define future drill targets." Read More