Reuters: Gabriel Resources Q4 loss wider than estimates

Gabriel Resources Ltd (GBU.TO) reported a quarterly loss that was wider than analysts' estimates and said it requires about $1 billion to complete its high-potential Rosia Montana gold mining project in Romania. The company said it has developed a financing plan that includes senior debt financing in combination with equity and other potential financing sources in order to raise funds."If we were unable to raise the required funds, we would seek strategic alternatives to move the ...

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