Gabriel Resources says troubled Rosia Montana project will cost US$1.5 billion

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TORONTO - Gabriel Resources Ltd. (TSX:GBU) says it will cost an estimated US$1.5 billion to bring the troubled Rosia Montana mining project in Romania into production and cash-flow positive. The Toronto-based company says it's still hopeful it can overcome opposition to the controversial project, which is under review by Romanian officials.

Organizations: Gabriel Resources Ltd., TSX

Geographic location: TORONTO, Romania

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