on Gabriel Resources Ltd. (CVE:GBU)
Gabriel Resources Releases Second Quarter Financial Results for 2025
Gabriel Resources Ltd. has reported its financial results for the second quarter of 2025. The company saw a net loss of $1.2 million in Q2 2025, marking a decrease from the previous year's $3.2 million loss. This outcome was primarily due to reduced corporate expenses and increased foreign exchange gains.
The firm is currently engaged in ongoing legal proceedings with Romania related to its ICSID arbitration claim. The tribunal had previously rejected Gabriel's claims and awarded costs to Romania, which may have financial implications.
Additionally, Gabriel announced a non-brokered private placement aiming to raise $2.625 million, subject to TSXV approval, to support its operations under financial constraints, including a working capital deficiency of $17 million as of June 30, 2025.
R. P.
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