July 14, 2010 / 12:59 PM / 7 years ago

UPDATE 1-Etruscan's Q2 loss narrows on higher gold production

* Q2 loss $0.02/shr vs loss $0.05/shr last year

* Q2 rev up 59 percent

July 14 (Reuters) - Canada's Etruscan Resources Inc EET.TO reported a narrower quarterly loss helped by higher gold production and lower cash cost.

Net loss for the second quarter was 2 cents a share, compared with 5 cents last year.

Revenue rose 59 percent to $21.2 million.

Gold production rose to 18,002 ounces from 13,024 ounces last year.

Total cash cost fell 17 percent to $735 per ounce in the second quarter, the company said.

Shares of the company closed at 44 Canadian cents Tuesday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Gopakumar Warrier)

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