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Gabriel Resources Ltd. (V:GBU)

Business Focus: Integrated Mining

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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
Chairman of the Board
Dragos Tanase
President, Chief Executive Officer
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 fiscal year ended 31 December 2018, Gabriel Resources Ltd revenues was not reported. Net loss increased 34% to C$50.6M. Higher net loss reflects ICSID Arbitration related increase of 80% to C$22M (expense), Impairment ofLLTE increase from C$0K to C$3.9M (expense), Payroll increase of 14% to C$10.7M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.10 to -C$0.13.
Employees: 35 as of Dec 31, 2017
Reporting Currency: Canadian Dollars
Enterprise value: $269.13M as of Mar 31, 2019
Annual revenue (TTM): $0.00M as of Mar 31, 2019
EBITDA (TTM): -$40.40M as of Mar 31, 2019
Net annual income (TTM): -$50.57M as of Mar 31, 2019
Free cash flow (TTM): -$38.05M as of Mar 31, 2019
Net Debt Last Fiscal Year: $53.02M as of Mar 31, 2019
Shares outstanding: 491,167,460 as of May 3, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization