Hello, welcome to the annual meeting of shareholders of Argonaut Gold. Please note that today's meeting is being recorded. During the meeting, we'll have a question and answer session. You can submit questions or comments at any time by clicking on the message icon. It is now my pleasure to turn today's meeting over to Jim Kauffman, chairman of Argonaut's board of directors. Mr. Kauffman, the floor is yours. Thank you very much. Good afternoon and welcome to the Argonaut Gold Annual General Meeting. I call the meeting to order. My name is Jim Kauffman, chairman of Argonaut's board of directors. As such, I shall act as chairman of the meeting. As this meeting is held virtually via live webcast, we think it's necessary to set out a few rules for the orderly conduct of the meeting. Questions in respect to motion can be submitted by any registered shareholder or duly appointed proxyholder using the instant messaging service of the virtual interface. When asking a question, please indicate your name, which entity you represent, if any, and confirm that you are a registered shareholder or a duly appointed proxyholder. Questions will only be addressed during the question period at the end of the meeting, provided that questions regarding procedural matters or directly related to the motions before the meeting may be addressed during the meeting. For the purpose of the meeting today, voting on all matters will be conducted by electronic ballot. Registered shareholders and duly appointed proxyholders will be asked to vote on each business item after the presentation of all business items. When you're asked to vote, you will receive a message on the virtual interface requesting you to register your votes. You will only have a certain amount of time to do so when the polls are open. If you are a registered shareholder or proxyholder, and you have already voted and do not wish to change your vote, please do not vote during the ballot process. As this is a virtual meeting, we will not have a corporate presentation. The current company first quarter presentation is available on our website for your review. We will now proceed with the formal portion of today's meeting. I appoint Cindy Waterman, Assistant Corporate Secretary of the company, to act as Secretary of this meeting, and Alice Amabel of Computershare Investor Services Inc. to act as scrutineers to compute the votes of any polls taken at this meeting and to report thereon to me. To expedite the formal part of the meeting, I will move all motions, and Ms. Waterman will second all motions. We have previously mailed the meeting materials. I direct that copies of the documents mailed to the shareholders in the statutory declaration proving service of the meeting materials to the shareholders of the company be kept by the Secretary of the company with the minutes of the meeting. If there is no objection, the reading of the notice of the meeting will be dispensed with. Pursuant to the bylaws of the company, business may be transacted at this meeting if two persons are present who are, or represented by proxy, shareholders holding more than 25% of the shares entitled to be voted at this meeting. The scrutineer's report has now been received. It shows that they're present at this meeting, 540 persons holding or representing by proxy 1,939,469 common shares, or approximately 62.22% of the shares entitled to vote at this meeting. I now declare that the meeting is regularly called and properly constituted for the transaction of business. Only shareholders of record as of March 20, 2023, which was the record date for this meeting, or their properly appointed proxyholders, are entitled to speak and vote upon matters at the meeting. Each shareholder of the company is entitled to one vote for each share they hold. I would now like to refer you to the audited consolidated financial statements of the company as at December 31, 2022, together with the report of the auditor thereon. Copies of the financial statements and auditor's report were mailed to each shareholder requesting same at the time of the mailing of the notice of this meeting and are now placed before the shareholders of the company. If any shareholder has any questions or comments regarding the financials, we would be pleased to address them during the question and answer period at the end of the meeting. We will now proceed with setting the number of directors of the company. The number of directors will be set at 7 or such numbers the directors may hereafter determine by resolution subject to limitations in the articles of the company. I move the motion setting the number of directors at seven or such numbers the directors may hereafter determine by resolution subject to limitations in the articles of the company. Mr. Chairman, I second the motion. Thank you. Unless there are any questions, I will move to the next item of business. We will now proceed with the election of directors. Argonaut did not receive notice of any director nomination in connection with the meeting in accordance with its advance notice bylaw. Accordingly, the only persons eligible to be nominated for election to the board of directors are the management nominees. The seven directors to be elected by the shareholders of the company shall hold office until the close of business of the first annual meeting of shareholders of the company following election or until their successors are elected or appointed. The following individuals have been nominated for election as directors: James Kofman, Richard Young, Ian Atkinson, Stephen Lang, Dale Peniuk, Paula Rogers, Audra Walsh. Since there are no other nominations, I move a motion to elect the seven management nominees as directors. Mr. Chairman, I second the motion. Thank you, Cindy. Unless there are any questions, I will move to the next item of business. The next item of business is the appointment of the auditors of the company for the ensuing year and the authorization of the directors of the company to fix the remuneration for such auditors. The directors of the company have approved, subject to shareholder confirmation, the appointment of PricewaterhouseCoopers LLP as the auditors of the company. I move the appointment of PricewaterhouseCoopers as auditors of the company until the close of the next annual meeting of the shareholders, or until its successors appointed and authorizing the board of directors to fix the auditors' remuneration during this period. Mr. Chairman, I second the motion. Unless there are any questions, I will move to the next item of business. We will now proceed with a vote on the company's share incentive plan, as set out in the management information circular of the company. I move the motion confirming and reauthorizing the company's share incentive plan and the amendments thereto, all as set out in the circular. Mr. Chairman, I second the motion. Unless there are any questions, I will move to the next item of business. We'll now proceed with an advisory vote on the company's report on executive compensation as set out in the management information circular of the company. I move the motion accepting the company's approach to executive compensation as set out in the circular. Mr. Chairman, I second the motion. Unless there are any questions, I will move to the next item of business. Polls have been open since the start of the meeting, and at this point, all registered holders and proxy holders who have properly logged in with their control numbers or username and wish to vote will be able to see on the screen all motions being brought forth at this meeting. If you are a registered shareholder or proxy holder and you have already voted and do not wish to change your vote, please do not vote during the ballot process. Please register your votes by accessing the Vote page and selecting the For or Against buttons next to the motion to set the number of directors at seven. Please register your votes by accessing the Voting page and selecting the For or Withhold buttons next to the name of each proposed director and next to the resolution with respect to the appointment of PricewaterhouseCoopers as the company's auditors. Please register votes by selecting the For or Against buttons next to each of the following resolutions: the say on pay advisory vote and the share incentive plan vote. We will provide registered shareholders and duly appointed proxy holders approximately two minutes to complete the electronic ballots. Once the electronic balloting closes, the voting page will disappear, and your votes will automatically be submitted. We'll take a pause as we wait. Okay, the polls are now closed. I would ask the scrutineer to compile the report regarding the results of voting on all business matters. I have been advised by the scrutineers that the ballots and proxies deposited for the meeting have been voted in favor of all the resolutions. The number of directors for the ensuing year has been set at seven. Each of the seven nominees have been elected as directors of the company to serve until the next annual meeting of the shareholders until their successors are elected or appointed. The appointment of PricewaterhouseCoopers as the auditors of the company has been authorized, and the board of directors of the company has been authorized to fix their remuneration. The confirmation and reauthorization of the company's share incentive plan and amendments thereto, and the company's approach to executive compensation as set out in the management information circular. I declare that the results of the poll be included with the minutes of the meeting, and the results of voting will be announced in a press release in accordance with the policies of the TSX and filed on SEDAR. As there is no additional business, I will now move that the formal part of this meeting be terminated. Mr. Chairman, I second the motion. Thank you, Cindy. You've done a great job seconding these motions. I declare the motion carried and the formal part of the meeting is terminated. I ask that all registered shareholders or duly appointed proxy holders who would like to ask a question use the instant messaging feature of the virtual interface to do so. We will answer as many questions as time permits. When asking a question, please state your name, the entity you represent, if any, and confirm you're a registered shareholder or a duly appointed proxy holder. Please limit your questions to topics relating to today's subject matter and keep your questions short and to the point. We will now give attendees a moment to type in their questions, if any. For each question we answer, we will summarize the question and read out loud the name of the person who asked such question and, if applicable, entity such person represents. We would like to remind you that questions which were already answered or that are redundant or repetitive will not be published nor answered. Take a pause and see if any questions are entered, although in virtual meetings, that seems rare. Operator, can you confirm no questions have been entered? There are no questions. Okay. Thank you. I apprec-those of you who did dial in attending, this concludes the meeting. Thank you very much everyone. Thank you. This concludes the meeting. You may now disconnect. Good day.
Loading workspace