Google DeepMind CEO Demis Hassabis said he thinks artificial general intelligence, or AGI, will emerge in the next five or 10 years. AGI broadly relates to AI that is as smart or smarter than humans.
Alamos Gold is riding high after a "stellar year" marked by record production and a significant surge in its share price, according to President and CEO John McCluskey.
AGI gains from rising gold and silver prices, and an upbeat production outlook for 2025.
Beneath the surface, a few key areas are showing strength.
AGI Q4 results reflect the gains of higher realized gold prices and higher sales volumes.
Here is how Alamos Gold (AGI) and DRDGOLD (DRD) have performed compared to their sector so far this year.
Alamos Gold (AGI) possesses solid growth attributes, which could help it handily outperform the market.
Alamos Gold (AGI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Alamos Gold Inc. (NYSE:AGI ) Q4 2024 Earnings Call February 20, 2025 11:00 AM ET Company Participants Scott Parsons - Senior Vice President, Corporate Development and Investor Relations John McCluskey - President and Chief Executive Officer Greg Fisher - Chief Financial Officer Luc Guimond - Chief Operating Officer Scott R.G. Parsons - Vice President, Exploration Conference Call Participants Charles Edelman - Scotiabank Steven Green - TD Securities Operator Good morning.
Alamos Gold is a high-quality gold mining company with significant growth prospects in Canada, particularly through the Lynn Lake and Island Gold District projects. The company reported record financials in Q4 2024, driven by a high gold price and effective cost control, despite an 8% production decline. Proven and probable reserves grew by 31% in 2024, with significant contributions from the acquisition of Magino and strong exploration results at Island Gold.
John McCluskey, Alamos Gold president and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, record gold production, 2025 outlook, and more.
AGI's Q4 performance is likely to have benefited from increased gold sales and prices.