Gabriel Slumps After Prime Minister Urges Vote Against Gold MineLiezel Hill and Irina Savu
Gabriel Resources Ltd. plunged the most in 19 years after Romanian Prime Minister Victor Ponta urged lawmakers to vote to reject plans for the company’s proposed Rosia Montana gold mine.
Parliament should “quickly vote” on whether to drop the project as opposition appears insurmountable, Ponta said today.
Shares of the Whitehorse, Yukon-based company fell 43 percent to C$0.84 at 9:42 a.m. in Toronto, after earlier declining as much as 48 percent, the most intraday since March 1994.
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