| Gabriel Resources may cut jobs in Romania due to mine permit woes | |
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March 13 (Reuters) - Gabriel Resources Ltd may lay off about 80 percent of the workers at its Romanian subsidiary, or nearly 400 people, unless prospects for its Rosia Montana gold mine improve, the Canadian company said on Thursday. Gabriel said on Thursday it did not know when the government could approve its environmental permits. Rosia Montana is an old mining district, and an abandoned mine sits in the middle of Gabriel's site. But the company has proposed something much bigger, with four open pits. Some villagers would need to move, and others already have. Some Romanians want cyanide, the toxic chemical Gabriel would need to process ore, banned outright. The company has vowed to abide by tough environmental standards and safely store waste that would contain small amounts of cyanide. Thursday's news came as Gabriel reported its fourth-quarter financial results. Its cash balance fell to C$42.1 million ($37.82 million) as of Dec. 31 from C$79.0 million a year earlier. The company's loss for the quarter narrowed to C$527,000, or nil Canadian cents per share, from C$2.5 million, or 1 Canadian cent a share, a year earlier. Shares of Gabriel were down 2.5 percent at C$1.16 in early trading in Toronto.
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VanEck Vectors Global Alternative Energy ETF
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EN DÉVELOPPEMENT |
CODE : GBU.TO |
ISIN : CA3619701061 |
CUSIP : C12459120 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Gabriel Resources est une société développant des projet miniers d'or basée au Canada. Gabriel Resources est en développement de projets d'or et d'argent en Roumanie, et détient divers projets d'exploration en Roumanie. Son principal projet en développement est ROSIA MONTANA en Roumanie et ses principaux projets en exploration sont BUCIUM - RODU-FRASIN et BUCIUM en Roumanie. Gabriel Resources est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 19,0 millions (15,4 millions US$, 12,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 15 juillet 2011 à 8,65 , et son plus bas niveau récent le 01 janvier 2016 à 0,12 . Gabriel Resources possède 47 442 200 actions en circulation. |