* Q1 loss $0.03/share vs $0.01/share last year
* Q1 output was 14,682 ounces of gold
June 7 (Reuters) - Crocodile Gold Corp reported a wider quarterly loss as its mining operations in northern Australia were hurt by heavy rainfall.
The country has seen massive flooding and a maximum-strength cyclone, largely because of a dominant La Nina weather pattern. [ID:nSDY8DE7CO]
The company’s January-March net loss widened to $7 million, or 3 cents a share, from $2.1 million, or 1 cent a share, a year ago.
Earlier this year, the company had warned of a sequential drop in first-quarter output. [ID:nL3E7DS1KU]
Crocodile Gold produced 14,682 ounces of gold at $1,389 per ounce during the quarter. It produced 22,351 ounces in the fourth quarter.
Shares of the Toronto-based company closed at 74 Canadian cents on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Don Sebastian)