* Q2 EPS $0.13 vs est. $0.09
* Q2 gold sales rose 48 pct
Aug 4 (Reuters) - Canadian gold miner Semafo Inc SMF.TO posted better-than-expected second-quarter results, helped by increased production and higher pricing, and said it remains confident it will reach its 2010 production outlook.
For the quarter, Semafo posted a net income of $33.6 million, or 13 cents a share, compared with $10.7 million, or 5 cents a share, a year ago.
Semafo’s total production rose 7 percent to 68,300 ounces of gold. Total gold sales rose 48 percent to $87.1 million.
Analysts on an average were expecting earnings of 9 cents a share, on revenue of $82.7 million, according to Thomson Reuters I/B/E/S.
The company previously forecast full-year gold production of between 235,000 ounces and 260,000 ounces of gold.
Shares of the company closed at C$8.08 on the Toronto Stock Exchange. (Reporting by NR Sethuraman in Bangalore; Editing by Aradhana Aravindan)