Since 1997, Gabriel Resources’ activities in Romania have centred on the exploration and proposed development of the Roșia Montană gold and silver project (the “Project”). Following the commencement of ICSID arbitration proceedings against Romania in July 2015 and the tribunal’s decision in March 2024, the Company’s core focus is now the pursuit of proceedings seeking annulment of that decision.

Information on this website relating to the Project, its exploitation license, the Bucium projects, the Company’s historical exploration and development activities in Romania, project approvals and permitting, and reported mineral resources and reserves is provided for background purposes only. It should not be interpreted as reflecting the Company’s current expectations regarding the future development of these projects. Readers should refer to the Company’s latest news releases and public filings for current information.

Gabriel’s proposed development of the Project envisaged a modern mining operation intended to support local and regional economic regeneration, address historical environmental degradation and provide a basis for sustainable development.

The Company undertook extensive exploration, technical studies and permitting activities in connection with the proposed development. Information on previously reported mineral resources and reserves, including the relevant technical report and associated qualifications, is available under Mineral Reserves & Resources.

In June 2024, the Romanian authorities rejected the application by Roșia Montană Gold Corporation S.A. (“RMGC”) to extend the Project’s exploitation license. RMGC has commenced proceedings before the Romanian courts seeking annulment of that decision.

Gabriel also conducted significant exploration work defining the Rodu-Frasin epithermal gold and silver deposit and the Tarnița porphyry copper-gold deposit in the Bucium area near Roșia Montană (the “Bucium Projects”).