Core Viewpoint - Alamos Gold Inc. has successfully completed the acquisition of Argonaut Gold Inc., enhancing its position as a Canadian-focused intermediate gold producer with significant synergies expected from the integration of the Magino and Island Gold mines [1][4]. Transaction Details - The acquisition includes Argonaut's Magino mine, while its assets in the U.S. and Mexico have been spun out into a new entity, Florida Canyon Gold Inc. [2] - Shareholders of Argonaut will receive 0.0185 of a Class A common share of Alamos and 0.1 of a common share of Florida Canyon Gold for each Argonaut share [2]. - Alamos issued approximately 20.4 million Class A Shares as part of the transaction, resulting in approximately 419.7 million Class A Shares outstanding post-transaction [3]. Shareholder Structure - Post-transaction, Alamos and Argonaut shareholders own approximately 95% and 5% of the pro forma company, respectively [3]. - Alamos completed a $10 million private placement into Florida Canyon Gold, increasing its equity interest to approximately 19.99% [3]. Market Impact - Argonaut's common shares are expected to be de-listed from the Toronto Stock Exchange on July 16, 2024, while Florida Canyon Gold's shares will commence trading on the TSX Venture Exchange on the same date [3]. Strategic Benefits - The integration of the Magino and Island Gold mines is anticipated to unlock significant synergies through shared infrastructure, creating one of the largest and lowest-cost gold mines in Canada [4]. - The long mine lives and ongoing exploration success of the combined operations support significant longer-term expansion potential [4]. Financial Instruments - Holders of Argonaut's 4.625% senior unsecured convertible debentures will receive Alamos common shares upon conversion, based on the established exchange ratio [7][8]. - Alamos will make an offer to purchase the debentures within 30 days of the transaction completion [8]. Company Overview - Alamos Gold is a Canadian-based intermediate gold producer with diversified production from three operations in North America, including the Young-Davidson mine and Island Gold District in Ontario, and the Mulatos District in Mexico [9]. - The company is committed to sustainable development and employs over 2,400 people [9].

Last year, gold prices surged as investors sought alternatives to hedge their portfolios against rising inflation and economic uncertainty. Gold prices increased by over 13%, and demand for the precious metal reached 4,899 metric tons. This has contributed to the profitability of the gold industry this year, making gold stocks ideal investment options in the stock market. Furthermore, conflicts in the Middle East and several other global incidents have contributed to the demand for gold this year. This is e ...

All amounts are in United States dollars, unless otherwise stated. TORONTO, July 02, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) plans to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. Senior management will host a conference call on Thursday, August 1, 2024 at 10:00 am ET to discuss the results. Participants may join the conference call via webcast or through the following dial-in numbers: Toronto and Internati ...

Amazon has reportedly hired executives from Adept AI for its artificial general intelligence (AGI) project.David Luan, Adept’s co-founder and CEO, is set to join Amazon’s AGI autonomy team, Bloomberg News reported Friday (June 28), citing an internal memo. The report said four other Adept co-founders and an undetermined number of other workers will also join the team.AGI is a form of artificial intelligence (AI) that can think like human beings. According to the memo, Amazon plans to use Adept’s technology ...

Core Viewpoint - 36Kr Holdings Inc. has entered a strategic partnership with SenseTime to integrate Artificial General Intelligence (AGI) technology into various media scenarios, aiming to drive business innovation and commercialization potential [1][2]. Group 1: Partnership Details - The collaboration will leverage SenseTime's advanced AI tools, including "SenseChat" and "SenseMirage," to enhance 36Kr's content production model, making it more intelligent, efficient, and cost-effective [2][3]. - The partnership aims to develop AI-driven products such as "AI Media Coverage" and "AI Financial Report Interpretation," which will broaden 36Kr's customer base and enhance its commercialization capabilities [2][3]. Group 2: Company Background - 36Kr is a leading platform in China's New Economy, focusing on high-quality content creation and a wide range of business services, including online advertising and enterprise value-added services [4]. - The company is well-positioned to capture growth opportunities in China's New Economy due to its strong brand influence and comprehensive data analytics capabilities [4]. Group 3: Strategic Vision - The CEO of 36Kr emphasized the importance of this partnership in demonstrating the company's foresight in innovation and its commitment to integrating large-scale AI technologies into the media industry [3]. - SenseTime's CEO highlighted the goal of creating a seamless ecosystem that integrates AGI technology into content creation, aiming for further digital transformations across the industry [3].

TORONTO, May 30, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.025 per common share. The Company has paid dividends for 15 consecutive years during which time $344 million has been returned to shareholders through dividends and share buybacks, including $20 million thus far in 2024. The dividend is payable on June 27, 2024 to shareholders of record as of the close of bu ...

All amounts are in United States dollars, unless otherwise stated. TORONTO, May 24, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported a summary of the voting results of its Annual General and Special Meeting of Shareholders (the "Meeting"). Results of the Meeting The Company is reporting the voting results of its Meeting held virtually on Thursday, May 23, 2024. The summary of the results are as follows: Total Shares Voted: 311,400,921 Total Shares Issu ...

All amounts are in United States dollars, unless otherwise stated. TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported new results from its underground exploration program at the Young-Davidson mine. Underground exploration drilling from the mid-mine intersected a new style of higher-grade gold mineralization in zones within the hanging wall of the Young-Davidson deposit. These zones are located between 10 and up to 200 metres ("m") south ...

Investors looking for stocks in the Mining - Gold sector might want to consider either New Gold (NGD) or Alamos Gold (AGI) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive ...

Alamos Gold Inc. (NYSE:AGI) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Scott Parsons - Senior Vice President, Investor Relations John McCluskey - President & Chief Executive Officer Greg Fisher - Chief Financial Officer Luc Guimond - Chief Operating Officer Conference Call Participants Mike Parkin - National Bank Kerry Smith - Haywood Securities Operator Good morning and I will now turn the call over to Scott Parsons, Alamos's Senior Vice President of Investor Relations ...