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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 > New to MLG/sp over-reaction to news
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Comment by StockExpertProon Oct 24, 2012 8:22pm
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Post# 20520582

RE: RE: RE: New to MLG/sp over-reaction to news

RE: RE: RE: New to MLG/sp over-reaction to news

This is what concerns me the most about MLG. The news release says the company was struggling with lower grade ore and selling prices. They were already struggling before the mine was knocked out from a power outage. What good will financing do them if they will be struggling again once they are back in production?

https://www.reuters.com/article/2012/10/22/malaga-production-idUSL3E8LM6IZ20121022

The company, which has been struggling with lower ore grade and selling prices, said there was a power outage at the Pasto Bueno mine after a hydro-electric transmission line was accidentally cut.


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