Kirkland Lake Gold Ltd. KL reported net earnings of $161.2 million or 59 cents per share in first-quarter 2021 compared with $202.9 million or 77 cents in the year-ago quarter.Barring one-time items, adjusted earnings per share were 63 cents that missed the Zacks Consensus Estimate of 67 cents.The company recorded revenues of $551.8 million, down 0.5% year over year. The top line lagged the Zacks Consensus Estimate of $553.5 million.Kirkland Lake Gold Ltd. Price, Consensus and EPS Surprise Kirkland Lake Gold Ltd. price-consensus-eps-surprise-chart | Kirkland Lake Gold Ltd. Quote Operational HighlightsTotal gold production was 302,847 ounces in the quarter, down 8.5% year over year. Average realized price of gold was $1,788 per ounce, up 13% year over year.Operating cash costs per ounce for gold rose 23.2% year over year to $542. All-in sustaining costs (AISC) for gold increased 9% year over year to $846 per ounce in the quarter.Financial PositionAt the end of the first quarter 2021, Kirkland Lake Gold had cash and cash equivalents of $792.2 million, up 249.2% year over year. Net cash provided by operating activities declined 13.8% year over year to $208.2 million in the quarter.GuidanceFor 2021, the company expects total gold production between 1,300,000 ounces and 1,400,000 ounces. AISC for gold is expected between $790 and 810 per ounce in 2021. Operating cash costs per ounce sold is projected in the range of $450-$475.Price PerformanceThe stock has declined 0.4% in the past year against 1.2% rise of the industry.Zacks Rank & Key PicksKirkland Lake Gold currently carries a Zacks Rank #5 (Strong Sell).Some better-ranked stocks in the basic materials space are Dow Inc. DOW, Nucor Corporation NUE and Impala Platinum Holdings Limited IMPUY.Dow has a projected earnings growth rate of roughly 261.5% for the current year. The company’s shares have surged 103.7% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Nucor has an expected earnings growth rate of around 228.4% for the current year. The company’s shares have gained 143.1% in the past year. It currently sports a Zacks Rank #1.Impala has an expected earnings growth rate of 197.6% for the current fiscal. The company’s shares have skyrocketed 253.1% in the past year. It currently flaunts a Zacks Rank #1.Zacks Top 10 Stocks for 2021In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.Access Zacks Top 10 Stocks for 2021 today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nucor Corporation (NUE): Free Stock Analysis Report Dow Inc. (DOW): Free Stock Analysis Report Impala Platinum Holdings Ltd. (IMPUY): Free Stock Analysis Report Kirkland Lake Gold Ltd. (KL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research