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 consent requirements for personal information disclosure.

• Voting procedures and the process for submitting questions were explained, with online polls open until the end of the meeting.

Financial performance review

• Annual consolidated financial statements for the year ended December 31, 2024, and the auditor's report were presented and made available on SEDAR+.

Board and executive committee updates

• Eight director nominees were proposed and confirmed as willing to serve for the ensuing year.

• No additional director nominations were received by the deadline, closing nominations to the proposed slate.

• All eight nominees were elected to the board until the next annual meeting or until successors are appointed.

• Peter Barnes, Chair of the Board, is retiring and was recognized for his 13 years of service, including five as chairman.