Americas Gold and Silver (USA) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with welcome and confirmation of in-person and virtual participation, with all attendees muted for the proceedings.

• Secretary and scrutineer were appointed, and formalities regarding notice and record date were confirmed.

• Quorum was established, and the meeting was declared properly constituted.

Financial performance review

• 2023 was described as a difficult year for the mining sector, especially for silver companies, with significant drops in valuations.

• Market capitalization and share count were discussed, with institutional investors holding nearly 50%.

• Rising metal prices in 2024 have improved operating profits, reduced negative working capital, and strengthened the balance sheet.

Board and executive committee updates

• Election of eight directors was conducted, with all nominees elected to serve until the next annual meeting.

• Appointment of PricewaterhouseCoopers LLP as auditors was approved.

• New Chief Operating Officer and several senior management hires were announced to strengthen technical and operational leadership.