SilverCrest Reports Results of 2024 AGM

Rhea-AI Summary

SilverCrest Metals Inc. (SILV) announced the results of its 2024 Annual General Meeting (AGM) held on June 12, 2024, in Vancouver, BC. A total of 88,115,662 votes were represented, constituting 59.84% of issued shares. Shareholders approved the re-election of eight directors, each receiving over 97% votes in favor, with Pierre Beaudoin leading at 99.72%. PricewaterhouseCoopers LLP was appointed as the company's auditor with 99.14% approval. Additionally, the company's executive compensation approach was backed by 98.09% of votes, and the Equity Share Unit Plan was reconfirmed with 89.93% approval.

Positive

• Re-election of eight directors with over 97% voter approval.
• Pierre Beaudoin received the highest approval at 99.72%.
• PricewaterhouseCoopers LLP appointed as auditor with 99.14% approval.
• Executive compensation approach approved by 98.09% of votes.
• Equity Share Unit Plan reconfirmed with 89.93% approval.

Negative

• Only 59.84% of issued common shares were represented at the AGM, indicating a relatively low voter turnout.

TSX: SIL | NYSE American: SILV

VANCOUVER, BC, June 13, 2024 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce the results of its Annual General Meeting of Shareholders ("AGM") held in Vancouver, BC, on June 12, 2024.

A total of 88,115,662 votes were represented at the AGM amounting to 59.84% of the issued common shares as of the record date.

Shareholders approved the fixing of the number of directors at eight and re-elected the following directors pursuant to a vote by show of hands. The following is the tabulation of proxy votes in the election of the eight directors:

Directors	Votes in Favour	% in Favor
Pierre Beaudoin	63,041,074	99.72 %
Laura Diaz	62,931,155	99.54 %
N. Eric Fier	62,836,857	99.40 %
Anna Ladd-Kruger	61,735,236	97.65 %
Ani Markova	62,001,655	98.07 %
Hannes P. Portmann	62,915,033	99.52 %
Graham C. Thody	62,914,214	99.52 %
John H. Wright	61,596,559	97.43 %

PricewaterhouseCoopers LLP, Chartered Professional Accountants, was appointed auditor of the Company pursuant to a vote by show of hands, with tabulation of proxy votes resulting in 87,359,925 (99.14%) voting in favour.

A non-binding advisory resolution to accept the Company's approach to executive compensation (say on pay) as more particularly described in the management information circular of the Company dated April 18, 2024 was approved pursuant to a vote by show of hands, with tabulation of proxy votes resulting in 62,008,866 (98.09%) voting in favour.

The Company's rolling percentage Equity Share Unit Plan was reconfirmed and approved pursuant to a vote by show of hands, with tabulation of proxy votes resulting in 56,849,799 (89.93%) voting in favour.

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals producer headquartered in Vancouver, BC, with an ongoing initiative to increase its asset base by expanding current resources and reserves, acquiring, discovering, and developing high value precious metals projects and ultimately operating multiple silver-gold mines in the Americas. The Company's principal focus is its Las Chispas Operation in Sonora, Mexico. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

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SOURCE SilverCrest Metals Inc.

FAQ

What were the results of the 2024 SilverCrest AGM?

The 2024 SilverCrest AGM resulted in the re-election of eight directors, appointment of PricewaterhouseCoopers LLP as auditor, approval of executive compensation, and reconfirmation of the Equity Share Unit Plan.

How many votes were represented at the SilverCrest 2024 AGM?

A total of 88,115,662 votes were represented, amounting to 59.84% of issued common shares.

Who was the highest-approved director in the 2024 SilverCrest AGM?

Pierre Beaudoin received the highest approval with 99.72% of votes.

Was the executive compensation approach approved in the SilverCrest 2024 AGM?

Yes, the executive compensation approach was approved with 98.09% of votes.

What percentage of votes approved the Equity Share Unit Plan at the SilverCrest 2024 AGM?

The Equity Share Unit Plan was approved with 89.93% of votes.

Which firm was appointed as auditor in the SilverCrest 2024 AGM?

PricewaterhouseCoopers LLP was appointed as auditor with 99.14% approval.