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Gabriel Resources Ltd. (V:GBU)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
 
See Regulatory Filings on SEDAR
Company Contact
Address: 25 Southampton Buildings
LONDON WC2A 1AL
Tel: N/A
Website: www.gabrielresources.com
IR: See website
Key People
Dragos Tanase
President, Chief Executive Officer, Director
Richard Brown
Chief Financial Officer
Simon Lusty
Group General Counsel, Corporate Secretary
Nicolae Suciu
Deputy Managing Director - RMGC
   
Business Overview
Gabriel Resources Ltd. (Gabriel) is a Canada-based resource company. The Company operates through the exploration, evaluation and development of precious metal mining projects located in Romania segment. The Company owns equity interest in Rosia Montana Gold Corporation S.A. (RMGC), held by Minvest Rosia Montana S.A. (Minvest RM), a Romanian state-owned mining company. Rosia Montana gold and silver project is an undeveloped gold deposit in Europe, and situated in an area known as the Golden Quadrilateral in the South Apuseni Mountains of Transylvania. It is located immediately northeast of the town of Abrud, approximately 45 kilometers (80 kilometers by road) northwest of the regional capital of Alba Iulia, and 60 kilometers (90 kilometers by road) north-northeast of the city of Deva. The Project is held under exploitation concession license number 47/1999, which covers an area of approximately 23.88 square kilometers.
Financial Overview
For the six months ended 30 June 2020, Gabriel Resources Ltd revenues was not reported. Net loss increased 3% to C$15.6M. Higher net loss reflects ICSID Arbitration related increase of 64% to C$4.5M (expense), Finance costs - convertible note interes increase of 13% to C$4.9M (expense), Gain on disposal ofassets decrease of 93% to C$19K (income). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.03.
Employees: 35 as of Dec 31, 2017
Reporting Currency: Canadian Dollars
Enterprise value: $293.45M as of Jun 30, 2020
Annual revenue (TTM): $0.00M as of Jun 30, 2020
EBITDA (TTM): -$36.18M as of Jun 30, 2020
Net annual income (TTM): -$44.97M as of Jun 30, 2020
Free cash flow (TTM): -$33.29M as of Jun 30, 2020
Net Debt Last Fiscal Year: $66.78M as of Jun 30, 2020
Shares outstanding: 597,780,038 as of Jul 20, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization