07:35 AM EDT, 05/07/2019 (MT Newswires) -- Kirkland Lake Gold (KL.TO) reported Tuesday adjusted EPS of US$0.53 ($0.71) for Q1, more than doubling last year's US$0.25, exceeding Street view of US$0.48.

Revenue was US$304.9 million, a steep climb from US$198.2 million for the year-ago period. However, analysts polled by Capital IQ were looking for US$396.7 million.

During the quarter, the company produced 231,879 ounces of gold versus 147,644 ounces for last year. For 2019, it now expects production to range from 920,000 to 1 million ounces, an increase from the previous range of 740,000 - 800,000 ounces.

The company will be paying a quarterly dividend of US$0.04 per common share, an increase of 34% from the previous payout, on July 12 to shareholders of record on June 28.

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