July 29, 2009 / 10:14 PM / in 8 years

UPDATE 1-Crystallex says has enough cash to fund ops into Q4

* Posts Q2 loss $0.02/shr

* Says no response from Venezuela govt on Las Cristinas

July 29 (Reuters) - Gold miner Crystallex International Corp KRY.TO posted a second-quarter loss and said its existing cash is sufficient to fund operations into the fourth quarter.

The company, whose principal asset is its interest in the Las Cristinas gold project located in Bolivar State, Venezuela, said its cash and cash equivalents at June 30 were $13.4 million.

For the second quarter, the company reported a loss from continuing operations of $6.1 million, or 2 cents a share.

Crystallex, which has struggled for years to get final clearance to construct a mine at Las Cristinas, said it has still not received a response from the Venezuelan government regarding its appeal related to the denial of the permit for the project.

Crystallex shares, which have gained about 10 percent in the last one month, closed at 27.5 Canadian cents on the Toronto Stock Exchange. (Reporting by Krishna Chaithanya in Bangalore; Editing by Anne Pallivathuckal)

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