Meta has reportedly poached some top engineers from tech firms for its artificial general intelligence (AGI) team.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.One engineer who confirmed he is moving to Meta is J ...

Core Insights - Meta's CEO Mark Zuckerberg is taking a proactive role in expanding the company's artificial general intelligence (AGI) team, driven by frustrations with current AI limitations [2][4] - The goal is to establish Meta as a leader in AGI, enabling machines to perform tasks at human levels, which could enhance various products and platforms [3][5] - Zuckerberg plans to recruit around 50 individuals for this initiative, including a new head of AI research, indicating a shift to a more hands-on management style [4] Company Strategy - The formation of a "superintelligence" group is underway, with Zuckerberg meeting AI researchers and engineers to drive this effort [2][4] - Meta is also planning a multi-billion dollar investment in Scale AI, which specializes in data labeling services for machine learning model training [5] - The integration of AGI could revolutionize operations, from customer service to product development, and enhance strategic decision-making across industries [6] Industry Implications - The realization of AGI could lead to significant economic and social changes, transforming industries and altering job landscapes at unprecedented rates [7] - Companies will need to rethink their organizational structures and business models to adapt to the advancements brought by AGI [7]

All amounts are in United States dollars, unless otherwise stated. TORONTO, May 30, 2025 (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”) held on May 29, 2025. The Company is also announcing the retirement of David Gower from the Board of Directors, and the appointment of Alexander Christopher, Chana Martineau, and Richard McCreary. “On behalf of the Bo ...

Group 1 - Alluvial Gold Research provides detailed analysis on undervalued mining companies, focusing on those with upcoming catalysts that could enhance portfolio performance [1] - Subscribers receive access to current portfolios and real-time buy/sell alerts, indicating a proactive investment strategy [1] Group 2 - The article emphasizes the importance of position sizing in the volatile precious metals sector, recommending that investments in small-cap precious metals stocks should be limited to 5% or less of an investor's portfolio [2]

Core Viewpoint - Alamos Gold Inc. reported its financial results for Q1 2025, producing 125,000 ounces of gold, meeting the low end of guidance, with expectations for improved production and lower costs in subsequent quarters [1][3][30]. Financial Performance - Operating revenues for Q1 2025 were $333 million, a 20% increase from $277.6 million in Q1 2024 [5][71]. - Cost of sales was $195.2 million, resulting in earnings from operations of $94.7 million, compared to $81.4 million in the previous year [5][62]. - Adjusted net earnings were $59.8 million, or $0.14 per share, up from $51.2 million in Q1 2024 [5][62]. - Free cash flow was negative $20.1 million, impacted by cash taxes and share-based compensation payments [3][62]. Operational Highlights - Gold production was 125,000 ounces, with Island Gold contributing significantly, while Young-Davidson and Magino saw lower outputs [3][44]. - The average realized gold price was $2,802 per ounce, reflecting a 35% increase from $2,069 in Q1 2024 [7][71]. - Total cash costs were $1,193 per ounce, and all-in sustaining costs (AISC) were $1,805 per ounce, both above guidance due to higher share-based compensation and costs at Young-Davidson and Magino [3][63]. Future Outlook - The company expects production to increase to between 135,000 and 150,000 ounces in Q2 2025, with annual guidance set between 580,000 and 630,000 ounces [30][31]. - Significant production growth is anticipated from the Phase 3+ Expansion and the Lynn Lake project, with a target of reaching a run rate of 900,000 ounces per year [2][32][33]. - The global exploration budget for 2025 is set at $72 million, a 16% increase from 2024, reflecting ongoing exploration success [36]. Project Developments - The Lynn Lake project is expected to begin initial production in the first half of 2028, contributing to long-term production growth [6][33]. - The Phase 3+ Expansion is on track for completion in 2026, which will further enhance production capacity and reduce costs [2][32]. - The company has entered into an Impact Benefit Agreement with local First Nations, facilitating the development of the Lynn Lake project [6]. Mineral Reserves and Resources - Year-end 2024 Mineral Reserves increased to 14.0 million ounces, a 31% rise from 2023, driven by the acquisition of Magino and high-grade additions at Island Gold [6][36]. - Measured and Indicated Mineral Resources rose by 50% to 6.6 million ounces, while Inferred Mineral Resources decreased by 2% to 7.1 million ounces [6]. Capital Expenditures - Total capital expenditures in Q1 2025 were $72.3 million, with a focus on growth projects including the Phase 3+ Expansion and Lynn Lake [54][73]. - Sustaining capital expenditures were $26.8 million, consistent with previous periods [5][73]. Community and Environmental Initiatives - The company has committed to various community support initiatives, including donations to local hospitals and health services [18][24]. - Environmental performance included two minor reportable incidents, with a commitment to reducing the environmental footprint of operations [16][17].

INVITATION TO OUR VIRTUAL AGM April 9, 2025 Fellow shareholders: On behalf of the Board of Directors and management of Alamos Gold Inc. (the "Company"), I would like to invite you to attend the annual general and special meeting of shareholders that will be held on Thursday, May 29, 2025, at 4:00 p.m. (Toronto time). To permit a greater number of shareholders to participate, we have once again made the decision to hold a virtual meeting, as set out in further detail in the accompanying notice and management ...

Alamos Gold (AGI) is expected to report an improvement in its bottom line when it reports first-quarter 2025 results on April 30, 2025, after market close. The Zacks Consensus Estimate for Alamos Gold’s earnings has moved down 13.6% over the past 60 days to 19 cents per share. The figure indicates 46% growth from the year-ago quarter. Image Source: Zacks Investment ResearchAGI’s Earnings Surprise HistoryIn the trailing four quarters, Alamos Gold’s earnings matched the Zacks Consensus Estimate in one quarter ...

ABOUT DRYDEN GOLD CORP. Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Dryden Gold Corp. (TSXV: DRY) (OTCQB: DRYGF) ("Dryden Gold" or the "Company") announces that, further to the investor rights agreement dated December 17, 2024, (the "Centerra IRA") between the Company and Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) ("Centerra"), Centerra has issued to the Company notice of their intention to exercise their 'top-up right' as it relates to certain share issuances completed by the Company th ...

All amounts are in United States dollars, unless otherwise stated. TORONTO, April 03, 2025 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI), (TSX:AGI; NYSE:AGI) ("Alamos" or the "Company") announced today that it has entered into a binding agreement to sell its non-core Quartz Mountain Gold Project ("Quartz Mountain") located in Lake County, Oregon to Q-Gold Resources Ltd. (TSXV:QGR) ("Q-Gold") for total consideration of up to $21 million and a 9.9% equity interest in Q-Gold (the "Transaction"). The ...

Core Viewpoint - GFG Resources Inc. is conducting a private placement to raise up to C$2.5 million, with Alamos Gold Inc. committing to maintain a 10.8% interest in the company through this offering [1][2]. Group 1: Offering Details - The offering will consist of up to 9,201,325 Premium Units priced at C$0.2717 each, with each unit comprising one common share and one-half of a share purchase warrant [2]. - Each whole warrant allows the holder to acquire an additional common share at an exercise price of C$0.28 for 24 months from issuance [2]. - The offering is expected to close around May 2, 2025, pending necessary approvals [4]. Group 2: Financial Implications - The financing will enhance GFG's exploration efforts and improve its financial position, enabling the company to capitalize on opportunities and create shareholder value [2]. - The company may pay finder's fees of up to 6% on a portion of the offering [4]. Group 3: Regulatory and Compliance Aspects - The Premium Units will be offered to accredited investors and other qualifying jurisdictions under National Instrument 45-106, with no hold period for the securities issued [5]. - Certain insiders are expected to participate in the offering, which will be treated as a related party transaction under Multilateral Instrument 61-101 [6].