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Gabriel (T.GBU) tables Q4 results, no clarity...
Gabriel (T.GBU) tables Q4 results, no clarity on Romania gold project
, The Canadian Press
March 13, 2014
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Gabriel Resources Ltd.
reported a fourth quarter loss of $500,000 as it was forced to increase spending on communications and lawyers amid an ongoing review of its key project by the Romanian government.
he company said in a press release.
that despite various committees examining the Rosia Montana mine project and some of its permits, ``no progress or clarity of process has been forthcoming'' in the quarter.
As a result, it cannot provide shareholders with any guidance on time frames for the project. It also expects the cash impact to affect first quarter spending.
The stock fell 1.7% to $1.17 in early trading.
INDUSTRIAL METALS & MINERALS
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