First Majestic Announces Voting Results from 2025 Annual General Meeting
First Majestic Announces Voting Results from
2025 Annual General Meeting
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - First Majestic Silver Corp. (NYSE: AG)
(TSX: AG) (FSE: FMV) (the
"
Company
"
or "First Majestic") is pleased to announce the voting results for
its Annual General Meeting of Shareholders held on Tuesday, May 20, 2025 in Vancouver, British
Columbia (the "2025 AGM").
Each of the matters that were voted upon at the 2025 AGM are described
in detail in the Company's Management Information Circular dated April 9, 2025 (the "Circular"), which is
available on the Company's website at
www.firstmajestic.com
or at
www.firstmajesticagm.com
.
A total of 281,059,326 common shares of First Majestic were represented at the 2025 AGM,
representing 57.99% of the Company's issued and outstanding common shares as at the record date for
the meeting. Shareholders voted in favour of all matters brought before the 2025 AGM, except the non-
binding Say on Pay Advisory Vote. The specific voting results were as follows:
NUMBER OF DIRECTORS
Resolution
Votes For
% For
Votes Against
% Against
Set the number of directors of the Company at seven
278,420,085
99.08%
2,583,362
0.92%
ELECTION OF DIRECTORS
Director Nominee
Votes For
% For
Votes Withheld
% Withheld
Keith Neumeyer
224,054,100
99.23%
1,744,471
0.77%
Marjorie Co
224,137,032
99.26%
1,661,538
0.74%
Thomas F. Fudge, Jr.
113,883,442
50.44%
111,915,128
49.56%
Raymond L. Polman
224,685,632
99.51%
1,112,938
0.49%
Colette Rustad
123,790,198
54.82%
102,008,373
45.18%
Daniel Muñiz Quintanilla
224,356,034
99.36%
1,442,535
0.64%
Ayesha Hira
224,572,081
99.46%
1,226,489
0.54%
APPOINTMENT OF AUDITOR
Resolution
Votes For
% For
Votes Withheld
% Withheld
Appoint Deloitte LLP, Independent Registered Public Accounting
Firm, as auditor for the Company to hold office until the next
Annual General Meeting
267,246,357
95.10%
13,757,109
4.90%
The non-binding advisory resolution with respect to the Company's approach to executive compensation
as outlined in the Circular was not approved.
SAY-ON-PAY (
non-binding advisory vote
)
Resolution
Votes For
% For
Votes Against
% Against
Advisory resolution to approve the Company's approach to
executive compensation
92,599,154
41.01%
133,199,406
58.99%
AYESHA HIRA APPOINTED TO FIRST MAJESTIC'S BOARD OF DIRECTORS
First Majestic is pleased to welcome Ayesha Hira to the Company's Board of Directors, effective May
20, 2025, following her election as a director at our 2025 AGM.
Ms. Hira is a seasoned mining executive with 30 years of experience in the sector. She is currently
serving as Interim President & CEO, and Director, of Belo Sun Mining Corp., a TSX-listed gold
company. Ms. Hira started her career as a geologist, working on diamond, base metals, and gold
exploration projects. She then transitioned into capital markets, working in the global mining teams at
CIBC World Markets and RBC Capital Markets with North American, UK, Australian, South African, and
European listed mining and steel companies. After sixteen years working in capital markets, Ms. Hira
spent nearly four years at Lucara Diamond Corp., a Lundin Group company, where she served as VP,
Corporate Development & Strategy, focusing on strategic growth and mergers.
In addition to her experience as an executive, Ms. Hira has also held various board positions, previously
serving as a board member of Lucara Botswana and Clara Diamond Solutions, as well as being elected
to the board of the Responsible Jewellery Council representing the Mining Forum, and being appointed
as a committee member with the Natural Diamond Counsel. Ms. Hira is a Chartered Financial Analyst
charter-holder with a Bachelor of Science (Honours) in Geology from Queen's University, Canada, and
she holds an ICD.D designation from the Institute of Corporate Directors.
ABOUT FIRST MAJESTIC
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and
the United States. The Company presently owns and operates four producing underground mines in
Mexico: the Cerro Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint
Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold
Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets,
including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A.
First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion
of its silver production for sale to the public. Bars, ingots, coins and medallions are available for
purchase online at
www.firstmint.com,
at some of the lowest premiums available.
For further information, contact
visit our website at
www.firstmajestic.com
or call
our toll free number 1.866.529.2807.
FIRST MAJESTIC SILVER CORP.
"signed"
Keith Neumeyer, President & CEO
Cautionary Note Regarding Forward Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" under applicable Canadian and United States securities
laws (collectively, "forward-looking statements").
Often, but not always, forward-looking statements can be identified by the use of words such as
"plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including
negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved.
Forward-looking statements in this news release include, but are not limited to, statements with respect to: the time and place
of the 2025 AGM.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or
implied by the forward-looking statements.
Factors that could cause actual results to differ materially from those anticipated in these forward-looking
statements are discussed in the section entitled "Description of the Business - Risk Factors" in the Company's most recent Annual Information Form
for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at
www.sedarplus.ca
, and in the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities
and Exchange Commission on EDGAR at
www.sec.gov/edgar
.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
Accordingly, the reader is
cautioned not to place undue reliance on forward-looking statements.
Forward-looking statements contained herein are made as of the date of this
news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a
result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise.
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