Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

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
Tel: N/A
IR: See website
Key People
Keith Robert Hulley
Independent Chairman of the Board
Dragos Tanase
President, Chief Executive Officer, Managing Director
Max Vaughan
Chief Financial Officer
Nicolae Suciu
Deputy Managing Director - RMGC
Richard Brown
Chief Commercial Officer, Corporate Secretary
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 nine months ended 30 September 2019, Gabriel Resources Ltd revenues was not reported. Net loss decreased 31% to C$26.3M. Lower net loss reflects ICSID Arbitration related decrease of 51% to C$8M (expense), Impairment ofLLTE decrease from C$3.9M (expense) to C$0K, Payroll decrease of 48% to C$3.9M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.10 to -C$0.05.
Employees: 35 as of Dec 31, 2017
Reporting Currency: Canadian Dollars
Enterprise value: $322.92M as of Sep 30, 2019
Annual revenue (TTM): $0.00M as of Sep 30, 2019
EBITDA (TTM): -$30.83M as of Sep 30, 2019
Net annual income (TTM): -$38.93M as of Sep 30, 2019
Free cash flow (TTM): -$29.56M as of Sep 30, 2019
Net Debt Last Fiscal Year: $43.43M as of Sep 30, 2019
Shares outstanding: 574,246,496 as of Jan 16, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization