* FTSEurofirst 300 index falls 1.9 percent

* Energy, mining shares follow weaker crude, metals prices

* Financials, autos slip; but drugmakers advance

* For up-to-the-minute market news, click on [STXNEWS/EU]

By Atul Prakash

LONDON, July 6 (Reuters) - European shares hit a seven-week low on Monday, mainly dragged down by banks, oils and miners, with investors trading cautiously on concerns about the pace of economic recovery and ahead of second-quarter results.

The FTSEurofirst 300 index of top European shares was down 1.9 percent at 826.81 points by 1100 GMT after touching 825.95 points -- the lowest level since May 14.

But the benchmark index, which slumped 45 percent in 2008, is still up 28 percent from its lifetime low in early March.

Energy stocks were among top losers on the index, tracking a 4.5 percent decline in crude oil CLc1 on doubts about the prospects of an early economic recovery and a firm dollar.