MAG Silver (MAG) AGM 2025 summary

Opening remarks and agenda

• The meeting was called to order as a hybrid event, with both in-person and online participation, focusing solely on formal matters outlined in the management information circular.

• Attendees were informed about the recording of the meeting and the process for submitting questions via the Q&A feature.

• Notice of the meeting and related materials were distributed electronically to shareholders on May 15, 2025.

Board and executive committee updates

• Eight director nominees were presented, all of whom expressed willingness to serve for the ensuing year; no additional nominations were received.

• Peter Barnes, Chair, did not stand for re-election, marking his retirement after 13 years on the board, including five as chairman.

• Peter Barnes was recognized for leading governance improvements and the company’s transition to a tier-one silver producer.

Corporate governance

• The meeting confirmed a quorum was present, with sufficient proxies and shareholders representing at least 5% of issued shares.

• Olivia Craven of Computershare acted as scrutineer, and all motions were made by the Chair without need for a seconder.