12:08 PM EST - Gabriel Resources Ltd. : on Tuesday posted financial results for the fourth quarter reporting a net loss of $5.1 million or $0.03 per share compared to a loss of $2.04 million or $0.01 per share in the corresponding quarter in the previous year. The company attributed the widening in net loss to higher corporate, general and administrative expenses, project financing costs and provision for income taxes partially offset by higher interest income. Gabriel Resources Ltd.
shares T.GBU are trading down 15 cents at $4.55.
