Bullboard - Stock Discussion Forum Malaga Inc MLGAF

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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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GREY:MLGAF - Post Discussion

Malaga Inc > Earns $5.6 million for 2011...

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Post by FoxTek1 on Mar 28, 2012 9:25am

Earns $5.6 million for 2011...

not too shabby.

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Comment by panhandlephillips on Mar 28, 2012 9:30am

MONTREAL, QUEBEC, Mar 28, 2012 (MARKETWIRE via COMTEX) -- Malaga Inc. ("MLG") CA:MLG-3.23%(otcqx:MLGAF) is pleased to report its financial results today for the year ended December 31, 2011. The management discussion and analysis and audited financial statements can be found on the Company's website ( www.malaga.ca ) and on SEDAR ( www.sedar.com ). All amounts are in US dollars ...more

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Comment by panhandlephillips on Mar 28, 2012 9:31am

Formatting got messed up with the cut and paste. The full article is here.https://www.marketwatch.com/story/malaga-improves-profitability-and-generates-a-net-income-of-56m-and-income-from-mining-activities-of-78m-in-2011-2012-03-28-71570?reflink=MW_news_stmp

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Comment by masspower on Mar 28, 2012 10:28am

So undervalued and uptrend is right! For the full year 2011, Malaga generated a net income of $5.6 million (.03 per share) compared to a net income of $1.2 million (.01 per share) in 2010. Malaga as well owns a 13.5% stake in in Dynacor Gold Mines. Cheer! masspower

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