10:37 AM EDT, 08/05/2016 (MT Newswires) -- Kirkland Lake Gold (KGI.TO) shares have slipped after the company released its Q2 results which showed an increase in revenue and equivalent EPS. The company noted that it is on track to complete its FY production guidance.

Kirkland Lake Gold pulled in revenue of $118 million in the recent quarter, up from the $109.8 million earned yoy. EPS, basic and diluted, for both quarters came in at $0.12.

Other highlights of the quarter included that the company pre-released gold production of 130,613 ounces vs. 68,338 in Q2 2016, the company sold 141,453 ounces of gold vs 72,144 ounces yoy, and realized an average price per ounce of gold sold of US$1,211 vs US$1,271 in Q2 2016.

All-in sustaining costs per ounce of gold sold came in at US$925 vs. US$990 in Q2 2016.

The Company remains on track to meet its production guidance of between 270,000 to 290,000 ounces for 2016.

Kirkland Lake Gold's shares were last down 1.9% at $10.77 apiece.

Price: 10.77, Change: -0.20, Percent Change: -1.8