StockNews.AI
MAG
StockNews.AI
62 days

MAG Reports AGSM Results

1. MAG shareholders approved all eight director elections at AGSM. 2. Deloitte LLP was re-appointed as auditors for MAG. 3. Shareholders supported the executive compensation approach. 4. Reconfirmation of the Shareholder Rights Plan Agreement passed with a majority vote. 5. Peter Barnes, outgoing chair, thanked for 13 years of service.

Earnings
-0.09%Current Return
VS
-0.01%S&P 500
$21.4306/18 05:14 PM EDTEvent Start
$21.4106/19 11:29 PM EDTLatest Updated
7m saved
Insight
Article

FAQ

Why Bullish?

The successful election of directors and re-appointment of auditors signals stability and trust. Similar patterns in past AGMs have led to stock price increases.

How important is it?

The article presents key governance decisions that typically influence short-term stock performance. Positive shareholder engagement commonly boosts market confidence in the stock.

Why Short Term?

Immediate market reactions to AGSM outcomes can boost investor confidence and stock price. Historical patterns show short-term gains following such positive votes.

Related Companies

FRESAAUSLV
VANCOUVER, British Columbia, June 18, 2025 (GLOBE NEWSWIRE) -- 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 18, 2025, 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, to support the Company’s approach to executive compensation, and to approve the reconfirmation of the Shareholder Rights Plan Agreement. Detailed results of the total shares voted at the AGSM are set out below. Motions:NomineesTotalVotes CastTotalVotes ForTotal VotesWithheld%For%WithheldJohn Armstrong76,498,77265,999,245325,22099.510.49Tim Baker76,498,77265,973,588350,87799.470.53Jill Leversage76,498,77261,978,9874,345,47893.456.55Selma Lussenburg76,498,77265,504,240820,22598.761.24Susan Mathieu76,498,77265,916,282408,18399.380.62Dale Peniuk76,498,77265,927,621396,84499.400.60Tom Peregoodoff76,498,77265,962,636361,82999.450.55George Paspalas76,498,77265,956,606367,85999.450.55       TotalVotes CastTotalVotes ForTotal VotesWithheld%For%WithheldAppointment of Auditors76,498,77269,194,2517,304,52190.459.55       TotalVotes CastTotalVotes ForTotal VotesAgainst%For%AgainstSay on Pay76,498,77265,185,0591,139,40698.281.72  TotalVotes CastTotalVotes ForTotal VotesAgainst%For%AgainstReconfirmation of the Shareholder Rights Plan Agreement76,498,77264,642,2201,682,24597.462.54 “On behalf of the Board, management and staff, I would like to thank outgoing Chair of the Board, Peter Barnes, for his 13 years of commitment and service to the Company,” said George Paspalas, President and CEO of MAG. “Peter’s contribution to MAG has been immense, he has been a great mentor for a number of us, 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 mining and 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. 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.   

Related News