Malaga Inc. announced that it has taken action to protect itself and its assets from creditors' claims as it pursues its restructuring efforts. The company also announced the departure of its chief executive officer and chief financial officer in connection with the restructuring. Malaga announced that president and chief executive officer Pierre Monet and chief financial officer Joey Trombino had left the company, effective immediately, as part of the restructuring, and Réjean Gourde and Gilles Masson had resigned as directors.

Malaga has experienced financial difficulties since it halted operations at its Pasto Bueno Mine in Peru in October 2012, when a severed hydroelectric transmission line cut power to the plant.