UPDATE 1-Anvil Mining posts Q2 profit; sees delay in Congo mine

* Says expects to commission Kinsevere project by Q2 2011

* Q2 EPS $0.03 vs loss/shr $0.13 last year.

* Q2 rev from cont. ops nearly doubles to $14.5 million

Aug 16 (Reuters) - Canada's Anvil Mining Ltd AVM.TO posted a second-quarter profit, boosted by higher sales and lower expenses, and said it expects some delay in commissioning its Kinsevere project in Congo.

The company also said its Chief Executive Bill Turner will retire in early 2011.

For the quarter ended June 30, the company posted net income from continuing operations of $5.1 million, or 3 cents a share, compared with net loss of $11.3 million, or 13 cents a share, a year ago.

Revenue from continuing operations nearly doubled to $14.5 million.

Operating expenses for the quarter were C$8.7 million, down from C$11.4 million a year ago.

The company said it now expects to commission its Kinsevere Stage II copper mine project in the Democratic Republic of Congo by the second quarter of 2011. It had earlier expected to commission the project in the first quarter.

In February, Anvil had agreed to sell its majority interest in its Dikulushi copper-silver mine in Congo to Australia's Mawson West Ltd for a 28 percent stake in the junior miner.

Anvil said it agreed to hedge about 100 percent of its expected copper production for the remainder of 2010, and backed its full-year production view of 15,000 tons of copper contained in concentrate.

Shares of Montreal-based Anvil, which have lost about 18 percent of their value in the last six months, closed at C$2.75 Friday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Unnikrishnan Nair)