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Pan American Silver announces results of its annual and extraordinary general meeting

VANCOUVER, British Columbia, May 9, 2024–(BUSINESS WIRE)–Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (“Pan American” or the “Company”) announces the voting results of its annual and special general meeting of shareholders held on May 8, 2024 in Vancouver, British Columbia (the “Meeting”). Each of the matters voted on at the meeting is described in detail in the Company’s management information circular dated March 14, 2024, which is available on the Company’s website at https://www.panamericansilver.com/invest/financial-reports-and-deposits/.

A total of 239,393,813 common shares were represented at the meeting, representing 65.65% of the issued and outstanding common shares of the Company as of the record date. The shareholders voted in favor of all matters submitted to the meeting, including fixing the number of directors at nine, the election of nominees for director positions proposed by management, the appointment of auditors for the following year and the acceptance of the Company’s approach to executive compensation, known as “say-on-pay”.

Number of administrators

Resolution

Votes for

Votes against

Resolution to set the size of the Board of Directors at nine directors

237,772,506 (99.32%)

1,619,245 (0.68%)

Election of directors

Candidate for the position of director

Votes for

Votes retained

John Begeman

200,525,205 (98.51%)

3,030,303 (1.49%)

Neil de Gelder

155,130,986 (76.21%)

48,426,520 (23.79%)

Chantal Gosselin

200,913,024 (98.70%)

2,644,483 (1.30%)

Charles Jeanne

197,654,146 (97.10%)

5,901,360 (2.90%)

Kimberly Keating

192,508,924 (94.57%)

11,048,583 (5.43%)

Jennifer Maki

199,576,688 (98.04%)

3,980,819 (1.96%)

Kathleen Sendall

199,792,581 (98.15%)

3,764,926 (1.85%)

Michael Steinmann

201,425,944 (98.95%)

2,131,562 (1.05%)

Gillian Winckler

199,752,594 (98.13%)

3,804,913 (1.87%)

Walter Segsworth and Alexander Davidson did not run for re-election in the Assembly. The Board of Directors and Pan American would like to thank Mr. Segsworth for his wisdom and expertise during his 15-year tenure as a director of the Company, and thank Mr. Davidson for his contributions to the Company since his election in May 2023.

Appointment of the auditor

Resolution

Votes for

Votes retained

Resolution to appoint Deloitte LLP as auditors of the Company until its next annual general meeting and to authorize the directors of the Company to fix the remuneration to be paid to the auditors of the Company

204,053,173 (85.43%)

34,790,758 (14.57%)

Say-on-Pay

Resolution

Votes for

Votes against

Advisory Resolution to Approve the Company’s Approach to Executive Compensation

140,848,397 (69.19%)

62,713,097 (30.81%)

About the Panamerican

Pan American Silver is a leading silver and gold producer in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own the Escobal mine in Guatemala, which is currently not operating, and we have interests in exploration and development projects. We have been operating in the Americas for three decades and have earned a reputation as an industry leader in sustainability performance, operational excellence and prudent financial management. Our head office is located in Vancouver, British Columbia, and our shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “PAAS”.

Learn more at https://www.panamericansilver.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20240508552841/en/

Contacts

Mermaid Fisekci
Vice President, Investor Relations and Corporate Communications
Such. : 604-806-3191
Email: [email protected]