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Malaga Inc MLGAF

Metals & Mining Industrial Metals & Minerals
Malaga Inc. is a mining company. The company, through its subsidiaries operates tungsten mine and gold plant with mining and exploration activities focused in Peru. The operations, exploration and development activities on the Pasto Bueno Property are located in the Ancash Department, Central Peru. The company also owns and operates in a hydroelectric asset. The company owns 100% of the property, including all surface rights. The company processes the ore from its own mine.


GREY:MLGAF - Post by User

Malaga Inc
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Post by QM45on Mar 01, 2012 10:28am
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Post# 19610505

Warning: Production Down!

Warning: Production Down!

Looks like whoever was getting out for 20M shares plus in Jan and Feb was doing so for a reason.

Production for the last quarter was down significantly. Looks like rather then going towards 500 tpd they are heading for 150tpd. The management will probably discount the last of the warrants to make the numbers look better for the quarter, but the direction is worrying to say the least.

November was down 24%

December production was down 70% to only 26 tons.

Probably why they hired a new mine manager.

Do your own research. Link below will get you started. Good luck to all longs!

https://www.metal-pages.com/news/story/59628/malaga-tungsten-output-down-24-in-november/

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