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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... see more

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Malaga Inc > HIGHLIGHTS

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Post by Nick777 on Jun 15, 2011 2:09pm

HIGHLIGHTS

1-Q1 FINANCIAL HIGHLIGHTS
First Quarter Information
Three Month Periods Ended March 31

(in $'000) 2011 2010

Sales 5,257 3,594
Cost of sales (including depreciation and depletion) 3,534 3,432
Income from mining activities 1,722 162
General and administrative expenses 868 794
Net income (loss) 813 (973)
EBITDA(1) 1,314 25
Earnings (loss) per share basic and diluted
.00 (
.00)
Average cash cost of production(2) ($/MTU) $129 $136
MTU = metric tonne unit = 10 kg
Cash flow from operating activities before changes in noncash
working capital items 1,353 455
Cash flow (used for) operating activities 660 (109)
Acquisitions of property, plant and equipment 1,451 359
Additions to deferred development and exploration costs 172 171

NICK

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Comment by Nick777 on Jun 15, 2011 2:14pm

Management Discussion and Analysis Malaga Inc.March 31, 2011- 3 -Q1 2011 Highlights· Net income of .8M compared to a loss of $1.0M in Q1-2010· Income from mining activities of $1.7M compared to .2M in Q1-2010· EBITDA of $1.3M (compared to .0M in Q1-2010).· Cash flow from operations before changes in non-cash working capital items of $1.4M animprovement of .9M over Q1-2010.· ...more

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Malaga Inc