11:46 AM EST - Malaga Inc. : reported record tungsten sales for the first quarter of 2011. Malaga generated $4.5 million U.S. in tungsten sales, up nearly 55% from $2.9 million U.S. in the fourth quarter of 2010. As of April 8, 2011, the APT reference price was $405 U.S. per MTU, 23% higher than the price of $330 U.S. at December 31, 2010. The Company still expects to generate net earnings in the first quarter of 2011 and produce 80,000 MTU in 2011. Malaga Inc.
shares T.MLG are trading down $0.01 at $0.26.
