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Gabriel Resources

09:53 AM EST - Gabriel Resources : reported fourth-quarter loss of $10.73 million or $0.03 per share, compared to loss of $3.96 million or $0.02 per share last year. Loss for the fourth quarter 2009 increased from the same period in 2008 mainly due to increase in operating costs of $2.7 million and a swing of $11.4 million in foreign currency movement. Total operating expenses grew to $7.86 million from $5.15 million in the same quarter a year earlier. Gabriel Resources shares T.GBU are trading down $0.14 at $4.40.