Latest news with #Alamos
Hamilton Spectator
30-05-2025
- Business
- Hamilton Spectator
Alamos Gold Announces Results of the Annual General and Special Meeting of Shareholders and Changes to its Board of Directors
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 Board and management team, I would like to extend our gratitude to David for his service to Alamos over the past 16 years. Since joining the Board of Directors in 2009, David's leadership and technical expertise have proven invaluable during a period of significant growth for Alamos. We wish him all the best in his future endeavours,' said John A. McCluskey, President and Chief Executive Officer. 'I would also like to welcome Alexander Christopher, Chana Martineau, and Richard McCreary as new board members. Alex, Chana and Rick complement our Board with tremendous technical, operational, capital markets, and financial expertise.' Alexander Christopher has over 40 years of experience in the mineral exploration and mining industry, spending the majority of his career with Teck Resources Limited ('Teck') before retiring in 2024. Mr. Christopher held a number of management, commercial and technical positions in Teck's Exploration, Corporate Development and Project Groups. Mr. Christopher is a former director of Horizonte Minerals Plc, the Association of Mineral Exploration BC, and the Prospectors and Developers Association of Canada, where he served as President from 2021 to 2023. He is a member of the Engineers and Geoscientists British Columbia and possesses an Honours in Geology from McMaster University and an Environmental Biology Technology diploma from Canadore College. Chana Martineau is the Chief Executive Officer of the Alberta Indigenous Opportunities Corporation ('AIOC'), a globally leading crown corporation dedicated to supporting Indigenous economic investment in large scale infrastructure through loan guarantees and capacity grant funding. Prior to leading the AIOC, Ms. Martineau was a vice president with Canadian Western Bank and spent more than a decade with Ernst & Young LLP. Currently she is a director of Cenovus Energy Inc. She is a recognized leader and speaker on Indigenous reconciliation. Ms. Martineau holds a degree in Economics from the University of Alberta and holds the ICD.D designation from the Institute of Corporate Directors. Ms. Martineau is a proud member of Frog Lake First Nation. Richard McCreary has over 40 years of experience in the resource sector, both as a principal in executive and board roles with various companies, as well as a financial advisor in investment banking. Mr. McCreary started his career with Gulf Canada as an exploration geophysicist, later working with the Noranda-Falconbridge Group in engineering, technology development, and metals marketing; and later, as Senior Vice President, Corporate Development with Barrick. His most recent investment banking role was Deputy Chair Investment Banking at TD Securities, and prior to that, Head of CIBC's Global Mining Investment Banking Group. During his career, Mr. McCreary has acted as principal or lead financial advisor in some of the largest marquee transactions in the mining sector. Currently he is a director of ATEX Resources Inc. He holds an MBA in Finance and Strategy from McGill University, and a Master of Science and Bachelor of Science (Hons) in Geological Engineering from Queen's University. Results of the Meeting The Company is reporting the voting results of its Meeting held virtually on Thursday, May 29, 2025. The summary of the results are as follows: 1. Election of Directors Each of the nominee directors listed in Alamos' management proxy circular dated April 9, 2025 was elected as a director as set forth in the table below: 2. Re-Appointment and Compensation of Auditors KPMG LLP was appointed as the Company's auditor and the directors were authorized to fix the auditor's remuneration. 3. Long-Term Incentive Plan The resolution approving the Company's Long-Term Incentive Plan was approved. 4. Employee Share Purchase Plan The resolution approving the Company's Employee Share Purchase Plan was approved. 5. Amended and Restated Shareholder Rights Plan The resolution approving the Company's Fifth Amended and Restated Shareholder Rights Plan was approved. 6. Approval of Approach to Executive Compensation The non-binding advisory resolution approving the Company's approach to Executive Compensation was passed. 7. Shareholder proposal The proposal seeking to amend By-Law No. 1 of the Company was denied as a resolution of the Company. About Alamos Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Island Gold District and the Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development. The Company's shares are traded on the TSX and NYSE under the symbol 'AGI'. FOR FURTHER INFORMATION, PLEASE CONTACT: Scott K. Parsons Senior Vice President, Corporate Development & Investor Relations (416) 368-9932 x 5439 Khalid Elhaj Vice President, Business Development & Investor Relations (416) 368-9932 x 5427 ir@ Cautionary Note The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Yahoo
30-05-2025
- Business
- Yahoo
Alamos Gold Announces Results of the Annual General and Special Meeting of Shareholders and Changes to its Board of Directors
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 Board and management team, I would like to extend our gratitude to David for his service to Alamos over the past 16 years. Since joining the Board of Directors in 2009, David's leadership and technical expertise have proven invaluable during a period of significant growth for Alamos. We wish him all the best in his future endeavours,' said John A. McCluskey, President and Chief Executive Officer. 'I would also like to welcome Alexander Christopher, Chana Martineau, and Richard McCreary as new board members. Alex, Chana and Rick complement our Board with tremendous technical, operational, capital markets, and financial expertise.' Alexander Christopher has over 40 years of experience in the mineral exploration and mining industry, spending the majority of his career with Teck Resources Limited ('Teck') before retiring in 2024. Mr. Christopher held a number of management, commercial and technical positions in Teck's Exploration, Corporate Development and Project Groups. Mr. Christopher is a former director of Horizonte Minerals Plc, the Association of Mineral Exploration BC, and the Prospectors and Developers Association of Canada, where he served as President from 2021 to 2023. He is a member of the Engineers and Geoscientists British Columbia and possesses an Honours in Geology from McMaster University and an Environmental Biology Technology diploma from Canadore College. Chana Martineau is the Chief Executive Officer of the Alberta Indigenous Opportunities Corporation ('AIOC'), a globally leading crown corporation dedicated to supporting Indigenous economic investment in large scale infrastructure through loan guarantees and capacity grant funding. Prior to leading the AIOC, Ms. Martineau was a vice president with Canadian Western Bank and spent more than a decade with Ernst & Young LLP. Currently she is a director of Cenovus Energy Inc. She is a recognized leader and speaker on Indigenous reconciliation. Ms. Martineau holds a degree in Economics from the University of Alberta and holds the ICD.D designation from the Institute of Corporate Directors. Ms. Martineau is a proud member of Frog Lake First Nation. Richard McCreary has over 40 years of experience in the resource sector, both as a principal in executive and board roles with various companies, as well as a financial advisor in investment banking. Mr. McCreary started his career with Gulf Canada as an exploration geophysicist, later working with the Noranda-Falconbridge Group in engineering, technology development, and metals marketing; and later, as Senior Vice President, Corporate Development with Barrick. His most recent investment banking role was Deputy Chair Investment Banking at TD Securities, and prior to that, Head of CIBC's Global Mining Investment Banking Group. During his career, Mr. McCreary has acted as principal or lead financial advisor in some of the largest marquee transactions in the mining sector. Currently he is a director of ATEX Resources Inc. He holds an MBA in Finance and Strategy from McGill University, and a Master of Science and Bachelor of Science (Hons) in Geological Engineering from Queen's University. Results of the Meeting The Company is reporting the voting results of its Meeting held virtually on Thursday, May 29, 2025. The summary of the results are as follows: Total Shares Voted: 325,407,116 Total Shares Issued and Outstanding: 420,565,418 Total Percentage of Shares Voted: 77.37% 1. Election of Directors Each of the nominee directors listed in Alamos' management proxy circular dated April 9, 2025 was elected as a director as set forth in the table below: Name of Nominee Vote For % Withheld Vote % J. Robert S. Prichard 288,734,732 99.43 1,661,379 0.57 Alexander Christopher 289,950,137 99.85 445,974 0.15 Elaine Ellingham 288,375,377 99.30 2,020,734 0.70 David Fleck 286,388,311 98.62 4,007,800 1.38 Serafino Tony Giardini 289,503,022 99.69 893,089 0.31 Claire Kennedy 287,652,166 99.06 2,743,945 0.94 Chana Martineau 289,807,115 99.80 588,995 0.20 John A. McCluskey 289,752,618 99.78 643,494 0.22 Richard McCreary 289,910,937 99.83 485,174 0.17 Monique Mercier 287,376,868 98.96 3,019,243 1.04 Shaun Usmar 289,877,986 99.82 518,126 0.18 2. Re-Appointment and Compensation of Auditors KPMG LLP was appointed as the Company's auditor and the directors were authorized to fix the auditor's remuneration. Vote For % Withheld Vote % KPMG LLP 311,046,217 95.59 14,360,899 4.41 3. Long-Term Incentive Plan The resolution approving the Company's Long-Term Incentive Plan was approved. Vote For % Vote Against % Long-Term Incentive Plan 278,776,304 96.00 11,619,808 4.00 4. Employee Share Purchase Plan The resolution approving the Company's Employee Share Purchase Plan was approved. Vote For % Vote Against % Employee Share Purchase Plan 289,604,237 99.73 791,875 0.27 5. Amended and Restated Shareholder Rights Plan The resolution approving the Company's Fifth Amended and Restated Shareholder Rights Plan was approved. Vote For % Vote Against % Shareholder Rights Plan 279,504,654 96.25 10,891,456 3.75 6. Approval of Approach to Executive Compensation The non-binding advisory resolution approving the Company's approach to Executive Compensation was passed. Vote For % Vote Against % Executive Compensation 282,766,415 97.37 7,629,693 2.63 7. Shareholder proposal The proposal seeking to amend By-Law No. 1 of the Company was denied as a resolution of the Company. Vote For % Vote Against % Shareholder proposal 8,071,143 2.78 282,324,964 97.22 About Alamos Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Island Gold District and the Young-Davidson mine in northern Ontario, Canada, and the Mulatos District in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development. The Company's shares are traded on the TSX and NYSE under the symbol 'AGI'. FOR FURTHER INFORMATION, PLEASE CONTACT: Scott K. Parsons Senior Vice President, Corporate Development & Investor Relations (416) 368-9932 x 5439 Khalid ElhajVice President, Business Development & Investor Relations(416) 368-9932 x 5427ir@ TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Alamo Drafthouse Strike Ends With All Laid Off Staffers to Be Rehired
Alamo Drafthouse workers in New York City ended their 58-day strike after reaching an agreement with the management of the dine-in cinema chain. Employees at the lower Manhattan and downtown Brooklyn locations announced their union had successfully struck a deal in which all laid-off staffers will be rehired. The union went on strike in mid-February after months of bargaining with management over key issues like scheduling, wages and safety concerns. The agreement, which was ratified on Sunday, will reinstate the roughly 70 workers who were let go. It will also restore those employees' previously accrued paid time off, sick days, seniority and hire date, the union said. Struck staffers will resume work on Friday. More from Variety Alamo Drafthouse Opts Out of Meta Second-Screen Experience for 'M3GAN' Rerelease, No Phones Policy Will Be Enforced (EXCLUSIVE) Alamo Drafthouse Lays Off 70 Staff Members From New York City Locations Ahead of Expected Strike Alamo Drafthouse Lays Off 15 Corporate Employees Amid Box Office Downturn 'Strike won! All jobs are back!' the union announced on Instagram. 'We will be returning to work officially on April 18 but feel free to start patronizing the Alamos in [Brooklyn] and Manhattan as soon as today.' Alamo Drafthouse workers in lower Manhattan and downtown Brooklyn are organized with United Auto Workers Local 2179. (Alamo operates a third New York City venue in Staten Island, which isn't unionized.) Employees went on strike on Feb. 14 after accusing the theater chain of not bargaining 'in good faith.' Alamo Drafthouse has declined to comment on the strikes, but sources at the time said those layoffs were part of the seasonal slowdown at the multiplexes. Cinema chains typically staff up around the Christmastime holidays and then shed the extra workforce after attendance stalls in the early winter months of the new year. The circuit also let go of an unspecified number of venue staff across the country's 44 locations in January, as well as 15 corporate employees, for the same reason. Alamo Drafthouse was acquired last year by Sony Pictures Entertainment. Before that, the circuit had filed for Chapter 11 bankruptcy in 2021 as global theater chains were struggling to survive the prolonged COVID-related closures. Best of Variety New Movies Out Now in Theaters: What to See This Week What's Coming to Disney+ in April 2025 The Best Celebrity Memoirs to Read This Year: From Chelsea Handler to Anthony Hopkins
Yahoo
20-03-2025
- Business
- Yahoo
Alamos Eyes Bright Future
Based in Toronto, AGI is in the business of exploring, developing, mining, and extracting precious metals, with gold and silver being a major focus. The company's operations are primarily in Mexico and Turkey. While the company has a market capitalization of more than $10 billion, it is eyeing aggressive growth throughout its portfolio of projects. In its fourth-quarter fiscal 2024 earnings report, AGI showed a 32% gain in revenue and a 7% jump in production. Quarterly revenue was $376 million while full-year revenue was $1.3 billion. The production jump yielded 567,000 ounces of gold, with 605,000 ounces projected in 2025. AGI's cash position strengthened as well, with $327 million on hand, which is up 46% from 2023. The company's adjusted net earnings were $103 million for the quarter and $329 million for the year. It's no wonder AGI shares are up 40% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock. Institutional volumes reveal plenty. Recently, AGI has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in AGI shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of materials names are under accumulation right now. But there's a powerful fundamental story happening with Alamos. Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, AGI has had strong sales and earnings growth: 3-year sales growth rate (+18.6%) 3-year earnings growth rate (+246.2%) Source: FactSet Also, EPS is estimated to ramp higher this year by +5.8%. Now it makes sense why the stock has been powering to new heights. AGI has a track record of strong financial performance. Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term. Alamos has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. It's made the rare Top 20 report multiple times in the last year. The blue bars below show when AGI was a top pick…rising higher with Big Money support: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. The AGI rally isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author holds no position in AGI at the time of publication. If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here. This article was originally posted on FX Empire France: Meeting Higher Defence Spending Will Complicate Fiscal Consolidation Earnings Growth Fuels Howmet Ascent Earnings, Policy Growth Keep Progressive Gaining Losses Continue for the Dollar After Lower Inflation Monster's Comeback Story Fueled by Big Money Strong Earnings Lift Abbott Laboratories Shares Sign in to access your portfolio
