ZARUMA RES : 29.08.2011 2nd Quarter Report 2011 Management’s Discussion & Analysis more
This Managements Discussion and Analysis (MD&A) should be read in conjunction with the unaudited consolidated financial statements and accompanying notes of Zaruma Resources Inc., (the Company or Zaruma) for the six and three months ended June 30, 2011, which have been prepared in accordance with International Financial Reporting Standards (IFRS). In prior years the Company prepared its interim and annual consolidated financial statements in accordance with Canadian Generally Accepted Accounting Principles (Canadian GAAP). The Companys 2010 comparatives in this MD&A have been presented in accordance with IFRS. All financial numbers are in US dollars unless otherwise stated.









