Malaga Inc. reported earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported net income of $0.1 million compared to $0.8 million a year ago. The decrease is mainly the result of a decrease in tungsten sales as well as copper sales, which were partially offset by a 19% increase in the APT selling price during the first quarter of 2012 compared with first quarter of 2011. Sales amounted to $3.6 million compared with $5.3 million a year ago. EBITDA was $0.6 million against $1.3 million a year ago. Cash flow from operating activities of $1.1 million compared to $0.7 million a year ago. For the quarter, the company's production was 11,943 per MTU compared to 17,493 per MTU for the same period a year ago. The company production levels expected to return to 350 tpd during the second quarter of 2012.