Gabriel Resources Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss of CAD 7,082,000 or CAD 0.02 per basic and diluted share on interest income of CAD 172,000 against loss of CAD 2,782,000 or CAD 0.01 per basic and diluted share on interest income of CAD 788,000 for the same period a year ago. Loss before income taxes was CAD 7,080,000 against CAD 3,711,000 for the same period a year ago. Cash flows used in operating activities was CAD 5,230,000 against cash flows generated from operating activities of CAD 1,210,000 for the same period a year ago. Purchase of capital assets was CAD 4,793,000 against CAD 12,451,000 for the same period a year ago. Loss for the third quarter 2009 increased from the same period in 2008 mainly due to increase in operating costs of $1,200,000, a swing of $1,600,000 in foreign currency movement, lower interest income of $600,000 and an income tax recovery of $900,000. For the nine months ended September 30, 2009, the company reported loss of CAD 15,849,000 or CAD 0.06 per basic and diluted share on interest income of CAD 303,000 against loss of CAD 8,053,000 or CAD 0.03 per basic and diluted share on interest income of CAD 3,122,000 for the same period a year ago. Loss before income taxes was CAD 15,845,000 against income before income taxes of CAD 1,738,000 for the same period a year ago. Cash flows used in operating activities was CAD 11,624,000 against CAD 8,897,000 for the same period a year ago. Purchase of capital assets was CAD 21,463,000 against CAD 18,097,000 for the same period a year ago. The loss is due to higher operating expenses of $5,600,000, lower interest income of $2,800,000 and foreign exchange swing of $9,100,000, partially offset by lower income taxes of $9,800,000.

Gabriel Resources, Ltd. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).

Gabriel Resources Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported loss of CAD 1,798,000 or CAD 0.01 per basic and diluted share on interest income of CAD 67,000 against loss of CAD 16,241,000 or CAD 0.06 per basic and diluted share on interest income of CAD 991,000 for the same period a year ago. Income before income taxes was CAD 1,796,000 against income before income taxes was CAD 5,521,000 for the same period a year ago. Comprehensive loss was CAD 1,798,000 against comprehensive loss was CAD 16,241,000 for the same period a year ago. Cash flows used in operating activities was CAD 4,557,000 against cash flows used in operating activities was CAD 9,593,000 for the same period a year ago. Purchase of capital assets was CAD 7,714,000 against purchase of capital assets was CAD 3,452,000 for the same period a year ago. Loss decreased from the same period in 2008 mainly due to decrease in income taxes of CAD 10,700,000 and a swing of CAD 4,800,000 in foreign currency movement. For the six months, the company reported loss of CAD 8,767,000 or CAD 0.03 per basic and diluted share on interest income of CAD 131,000 against loss of CAD 5,271,000 or CAD 0.02 per basic and diluted share on interest income of CAD 2,334,000 for the same period a year ago. Income before income taxes was CAD 8,765,000 against loss before income taxes was CAD 5,449,000 for the same period a year ago. Comprehensive loss was CAD 8,767,000 against comprehensive loss was CAD 5,271,000 for the same period a year ago. Cash flows used in operating activities was CAD 6,394,000 against cash flows used in operating activities was CAD 10,107,000 for the same period a year ago. Purchase of capital assets was CAD 16,670,000 against purchase of capital assets was CAD 5,646,000f or the same period a year ago. The company reported a higher loss compared to 2008 due to higher operating expenses of CAD 4,400,000, lower interest income of CAD 2,200,000, and lower foreign exchange gain of CAD 7,600,000, partially offset by lower income taxes of CAD 10,700,000.