MAG Reports AGSM Results

MAG Silver Corp. (TSX NYSE American: MAG) ("MAG" or "MAG Silver") reports that at its Annual General and Special Meeting (the " AGSM ") held on June 17, 2024, MAG's shareholders (the " Shareholders ") approved by majority: to elect all eight directors standing for election, to re-appoint Deloitte LLP as auditors of the Company, and to support the Company's approach to executive compensation.

Detailed results of the total shares voted at the AGSM are set out below.

Motions:
Nominees Total
Votes Cast
Total
Votes For
Total Votes
Withheld
%
For
%
Withheld
Peter Barnes 58,366,832 53,951,708 4,415,124 92.44% 7.56%
Tim Baker 58,366,831 57,998,473 368,358 99.37% 0.63%
Jill Leversage 58,366,832 57,131,430 1,235,402 97.88% 2.12%
Selma Lussenburg 58,366,832 57,534,813 832,019 98.57% 1.43%
Susan Mathieu 58,366,832 57,946,695 420,137 99.28% 0.72%
Dale Peniuk 58,366,831 57,532,399 834,432 98.57% 1.43%
Tom Peregoodoff 58,366,831 56,445,627 1,921,204 96.71% 3.29%
George Paspalas 58,366,832 57,991,551 375,281 99.36% 0.64%


Total
Votes Cast
Total
Votes For
Total Votes
Withheld
%
For
%
Withheld
Appointment of Auditors 68,454,799 62,106,302 6,348,497 90.73% 9.27%


Total
Votes Cast
Total
Votes For
Total Votes
Against
%
For
%
Against
Say on Pay 58,366,830 56,655,960 1,710,870 97.07% 2.93%


"On behalf of the Board, management and staff, I would like to thank outgoing director, Dan MacInnis, for his 19 years of commitment and service to the Company
," said George Paspalas, President and CEO of MAG. "Dan's contribution to MAG, both as former CEO and more recently as a director, has been immense, and he will be missed. We wish him all the best in his retirement."

About MAG Silver Corp. ( www.magsilver.com )

MAG Silver Corp. is a growth-oriented Canadian exploration company focused on advancing high-grade, district scale precious metals projects in the Americas. MAG is emerging as a top-tier primary silver mining company through its (44%) joint venture interest in the 4,000 tonnes per day Juanicipio Mine, operated by Fresnillo plc (56%). The mine is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where in addition to underground mine production and processing of high-grade mineralised material, an expanded exploration program is in place targeting multiple highly prospective targets. MAG is also executing multi-phase exploration programs at the 100% earn-in Deer Trail Project in Utah and the 100% owned Larder Project, located in the historically prolific Abitibi region of Canada.

For further information on behalf of MAG Silver Corp.
Contact Michael J. Curlook , Vice President, Investor Relations and Communications

Phone: (604) 630-1399 Website: www.magsilver.com
Toll Free: (866) 630-1399 Email: info@magsilver.com


Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995 or "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, " forward-looking statements "). All statements in this release, other than statements of historical facts are forward looking statements, including statements that relate to the Company's approach to executive compensation. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements identified herein include, but are not limited to, a subsequent change in the Company's approach to executive compensation from that approach approved by Shareholders, changes in applicable laws, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including those risks disclosed in MAG Silver's filings with the Securities Exchange Commission (the " SEC ") and Canadian securities regulators. All forward-looking statements contained herein are made as at the date hereof and MAG Silver undertakes no obligation to update the forward-looking statements contained herein. There is no certainty that any forward-looking statement will come to pass, and investors should not place undue reliance upon forward-looking statements.

Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov .


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

MAG:CA,MAG
The Conversation (0)

MAG Silver Announces Filing of Final Base Shelf Prospectus

MAG Silver Corp. (TSX NYSE American: MAG) ("MAG", or the " Company ") today announced that it has obtained a receipt for the final short form base shelf prospectus (the " Final Shelf Prospectus ") filed with the securities commissions in all of the provinces and territories of Canada. A corresponding registration statement on Form F-10 has been filed with the United States Securities and Exchange Commission (the " SEC ") under the United States Securities Act of 1933, as amended and the U.S.Canada Multijurisdictional Disclosure System (the " Registration Statement "), and has become effective under the U.S.Canada Multijurisdictional Disclosure System.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

MAG Silver Announces Planned Retirement of CXO

MAG Silver Corp. (TSX NYSE American: MAG) ("MAG", or the " Company ") announces the planned retirement of Co-Founder and Chief Exploration Officer (" CXO "), Dr. Peter Megaw, effective May 21, 2024. Peter has been an integral part of MAG Silver's success, applying over 45 years of relevant experience to our silver and gold exploration efforts, with the past ten years dedicated to serving as MAG's CXO.

Peter's retirement marks the culmination of over 20 years of dedicated service to MAG. Under his leadership, Juanicipio, one of the world's leading silver deposits, was discovered, financed, developed and is now in operation. Beyond the discovery of Juanicipio, as Co-Founder, Peter played an integral role in the development of the Company including its IPO, seven years of service on the Board, its acquisition of strategic exploration properties in prolific jurisdictions and its growth into the substantial silver producer it is today. Peter will continue as a consultant to the Company following his retirement from executive duties at MAG.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

MAG Silver Announces Intention to Make Normal Course Issuer Bid for Common Shares

MAG Silver Corp. (TSX NYSE American: MAG) ("MAG", or the " Company ") today announced that the Toronto Stock Exchange (the " TSX ") has accepted the Company's Notice of Intention to Make a Normal Course Issuer Bid (" NCIB ").

Under the NCIB, the Company may purchase for cancellation up to an aggregate of 8,643,374 common shares in the capital of the Company (" Common Shares "), representing approximately 10% of the public float (as defined in the rules and policies of the TSX) of the Common Shares as of May 8, 2024. The Company's purchases in the United States will be subject to a limit of 5,148,977 Common Shares, being 5% of the public float of the Common Shares as of May 8, 2024.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Joe Mazumdar, open-pit mine.

Joe Mazumdar: Silver and Rare Earths Stocks, Plus Low-risk Gold Exposure

Speaking to the Investing News Network, Joe Mazumdar, editor of Exploration Insights, explained how he's getting low-risk exposure to the gold sector as the metal's price continues to move.

Given that inflation remains an issue for miners, he's focusing on small gold royalty companies. "That's what I've been trying to do to invest in a rising gold price and some growth, but without the creep of costs," he said.

Mazumdar also discussed two recent site visits, one of which was to see AbraSilver Resource's (TSXV:ABRA,OTCQX:ABBRF) Diablillos silver-gold project in Argentina. He is optimistic about the country's recent change in government, which has made it a better environment for foreign direct investment in the mining sector.

Keep reading...Show less
Eastern Metals

Eastern Metals Granted $910,750 in Junior Minerals Exploration Incentive Tax Credits

Refundable tax offsets / franking credits available for potential distribution to eligible shareholders for the 2024-25 financial year

Eastern Metals Ltd (ASX: EMS) (“Eastern Metals” or “the Company”) is pleased to advise that it has been successful in its application to participate in the Australian Government’s Junior Minerals Exploration Incentive (“JMEI”) for the 2024-25 income tax year, and has been awarded an allocation of $910,750 in exploration credits.

Keep reading...Show less
Lobo Tiggre, gold and silver bars.

Lobo Tiggre: Shopping for Silver Stocks, Watching "Powerful" Gold Mover

Lobo Tiggre, CEO of IndependentSpeculator.com, shared his updated thoughts on gold, silver and uranium.

When it comes to gold, he pointed to a "powerful mover" that he thinks could be in play — a change in global portfolio allocations to the yellow metal. Historically the allocation has been 2 percent, but more recently it's been 0.5 percent.

"I think that what we're seeing is that changing. And maybe it doesn't go back to 2 percent, but if it just goes back to 1 percent, that doubles the investment demand for gold from where we are now," he said.

Keep reading...Show less

First Majestic Produces 5.3 Million AgEq Oz in Q2 2024 Consisting of 2.1 Million Silver Ounces and 39,339 Gold Ounces; Announces Updated 2024 Production and Cost Guidance and Conference Call Details

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") announces that total production in the second quarter of 2024 from the Company's three producing mines in Mexico, the Santa Elena SilverGold Mine, the San Dimas SilverGold Mine, and the La Encantada Silver Mine, reached 5.3 million silver equivalent ("AgEq") ounces, consisting of 2.1 million silver ounces and 39,339 gold ounces. The Company's financial results for the second quarter of 2024 are scheduled to be released on Thursday, August 1, 2024.

Q2 2024 HIGHLIGHTS

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver and gold nuggets in a pile.

Avino Boosts Q2 Silver Production; Gold Output Holds Steady and Copper Slips

Mexico-focused mining company Avino Silver & Gold (TSX:ASM,NYSEAMERICAN:ASM) reported a year-on-year increase in silver production in its second quarter results for 2024.

In a Tuesday (July 16) press release, the company reported total production of 616,571 silver equivalent ounces from its Avino and La Preciosa mines in Mexico, marking a 5 percent increase compared to the same quarter in 2023.

Its silver production saw a 26 percent hike year-on-year to reach 292,946 ounces of the white metal.

Keep reading...Show less

Latest Press Releases

Related News

×