ECU Silver's Loss Deepens in Q2

ECU Silver Mining (ECU.TO) said Tuesday that for the second quarter 2011, it had a net loss of $4.4 million or $0.014 per share versus $2.1 million, or $0.007 per share, in Q1 2011.

The company also said it generated net revenues from the sale of dore bars and concentrates for a total of $4.1 million compared to nearly $6 million over the first quarter ended March 31, 2011. The decrease is a result of a cessation in payments for deliveries of the gold/pyrite stockpile and a shortage of cyanide supply due to a plant shutdown of a major industrial supplier in the United States.

ECU shares are now unchanged at 64 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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