April 15, 2011 / 8:16 PM / 7 years ago

UPDATE 1-Anaconda Mining's Q3 loss narrows

* Q3 net loss/shr $0.015 vs $0.025 loss/shr year ago

* Q3 sales down 15 pct at $2.2 mln (Follows alerts)

April 15 (Reuters) - Canadian gold miner Anaconda Mining Inc posted a fifth-straight quarterly loss, but expenses were lower from a year-ago levels and production rose sequentially.

Net loss for the third quarter was $1.9 million, or 1.5 cents a share, compared with a loss of $2.2 million, or 2.5 cents per share, a year ago.

Sales fell about 15 percent to $2.2 million.

Toronto-based Anaconda produced about 1,790 ounces of gold in the quarter, compared with 2,274 ounces of gold a year ago. In the second quarter, the company produced 980 ounces of gold.

Administrative expenses fell about 5 percent to 890,000 in the quarter.

Shares of the company were trading flat at 7 Canadian cents on Friday on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar in Bangalore;Editing by Vyas Mohan)

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