Gabriel Resources posts Q3 loss of $3.6M, says planning for Romanian mine on track

According to The Canadian Press, Gabriel Resources Ltd. (TSX:GBU) reported Wednesday a third-quarter net loss of $3.6 million, reversing a year-ago profit of $13.1 million as the development-stage miner booked losses due primarily to currency fluctuations and a year-ago tax credit.Toronto-based Gabriel said its planning and negotiations for development of the massive Rosia Montana in gold-silver project in Romania remain on track, despite some continuing opposition to the ...

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