Gabriel Resources Ltd. Reports First Quarter 2025 Financials

Gabriel Resources Ltd. has released its financial results for the first quarter of 2025. The company reported a net loss of $3.58 million, up from $1.82 million in Q1 2024. Contributing factors included increased corporate expenses and foreign exchange losses.

The company faces challenges with its ICSID arbitration against Romania. The tribunal rejected Gabriel's claims, awarding $10 million in costs to Romania. A provisional stay of enforcement was lifted, potentially impacting Gabriel's financial position.

The company ended Q1 2025 with a working capital deficiency of $17.77 million, a decrease in cash reserves, and continued to seek additional financing beyond June 2025. Despite recent fundraising, uncertainty remains about its ongoing viability.