Malaga records $3.1M loss in 1st quarter

May 22, 2013 | 04:28 PM | Daniel Fitzgerald

Tags  Malaga, Pasto Bueno Mine, tungsten, tungsten mining, quarterly earnings, Daniel Fitzgerald

NEW YORK — Malaga Inc. is continuing to seek financing or a buyer for its Peruvian operations as the tungsten miner posted a $3.1-million net loss for the three months ended March 31.

The Montreal-based company was able to monetize copper by-product and realize sales of $1.2 million in the quarter, but otherwise reported no revenue as its Pasto Bueno Mine remains on care and maintenance.....

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