Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE:ASM)(FSE:GV6) is pleased to report that at the Annual General Meeting of shareholders ("AGM") of the Company held on May 30, 2024, all resolutions proposed to shareholders were duly passed. 46,123,595 common shares of the Company, representing approximately 34.71% of the Company's issued and outstanding common shares as at the record date were voted.
The following briefly describes the matters voted upon and the outcome of the votes at the meeting:
Setting the Number of Directors at Four
According to proxies received and a vote conducted by a show of hands, the resolution regarding the setting of the number of Directors at four was passed as follows:
Votes For | % For | Votes Against | % Against |
16,613,184 | 81.88 | 3,676,117 | 18.12 |
2. Election of Directors
According to proxies received and a vote conducted by a show of hands, the following directors were elected to the board of directors of the Company as follows:
Director Nominee | Votes For | % For | Votes Withheld | % Withheld |
Ronald Andrews | 19,645,838 | 96.83 | 643,463 | 3.17 |
Peter Bojtos | 19,646,032 | 96.83 | 643,269 | 3.17 |
Carolina Ordoñez | 19,619,166 | 96.70 | 670,135 | 3.30 |
David Wolfin | 19,699,256 | 97.09 | 590,045 | 2.91 |
3. Appointment and Remuneration of Auditors
According to proxies received and a vote conducted by a show of hands, the resolution regarding the appointment and remuneration of Deloitte LLP, as Auditors of the Company was passed as follows:
Votes For | % For | Votes Withheld | % Withheld |
43,571,298 | 94.47 | 2,552,297 | 5.53 |
4. Approval of the 2024 10% Rolling Stock Option Plan
According to proxies received and votes conducted by a show of hands, the ordinary resolutions of shareholders regarding the approval of the 2024 10% Rolling Stock Option Plan were passed by a majority of shareholders as follows:
Votes For | % For | Votes Against | % Against |
17,892,109 | 88.18 | 2,397,192 | 11.82 |
5. Approval of Unallocated Entitlements under the 2018 Restricted Share Unit Plan
According to proxies received and votes conducted by a show of hands, the ordinary resolutions of shareholders regarding the approval of the Unallocated Entitlements under the 2018 Restricted Share Unit Plan were passed by a majority of shareholders as follows.
Votes For | % For | Votes Against | % Against |
17,864,740 | 88.05 | 2,424,560 | 11.95 |
The Board of Directors appreciate the support of our shareholders.
Retirement of Jasman Yee from the Board of Directors
After 13 years of being on Avino's Board of Directors, Jasman Yee has decided to retire from the Company's Board, effective today. Jasman's commitment to Avino and the team spanned over 22 years. Throughout this time, he was the Company's Metallurgist and technical expert, and provided years of operational, managerial, engineering and consulting experience in the processing of precious and complex polymetallic base metal ores. His deep knowledge, strong relationships within the Company, and mining industry experience were instrumental in Avino's achievements over the years.
"We would like to say thank you to Jasman for his time and dedication to Avino. We are very happy for him as he begins his well-deserved retirement." said Peter Bojtos, Chairman of the Board. "The entire team at Avino will miss his guidance, wisdom and expertise. We wish him and his family all the best for this new chapter."
About Avino:
Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company's silver, gold and copper production remains unhedged. The Company intends long term sustainable and profitable mining operations rewarding to shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Avino currently controls mineral resources, as per NI 43-101, with a total mineral content of 371 million silver equivalent ounces, within our district-scale land package. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (Formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.
For Further Information, Please Contact:
Investor Relations
Tel: 604-682-3701
Email: IR@avino.com
SOURCE: Avino Silver & Gold Mines Ltd.
View the original press release on accesswire.com
