May 24, 2011 / 11:03 AM / in 7 years

UPDATE 1-Kirkland Lake Gold Q4 gold production rises

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May 24 (Reuters) - Canadian gold miner Kirkland Lake Gold Inc said its quarterly gold production rose 56 percent.

Quarterly gold production rose to 23,466 ounces, from 14,995 ounces, a year earlier.

The Ontario-based company said it produced a record 10,175 ounces of gold for the month of April.

Gold rose to a two-week high on Tuesday as concerns about a spreading EU debt crisis fuelled safe haven buying. Spot gold hit $1,521.80 a troy ounce, its highest since May 11.

Shares of the company closed at C$14.10 on Friday on the Toronto Stock Exchange. (Reporting by Maneesha Tiwari in Bangalore; Editing by Jarshad Kakkrakandy)

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