Environment

Gabriel says it’ll cost another $238 million for Rosia Montana

March 5, 2009
Gabriel says it’ll cost another $238 million for Rosia Montana

Gabriel Resources Ltd. is now projecting it will cost $876 million (excluding working capital) to complete its Rosia Montana gold project in Romania, it said this morning.  That’s up from an estimate of $638 million in 2006, an increase of $238 million, excluding sunk costs of about $147 million, which include about $90 million...

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