VANCOUVER, BC, Jan. 31, 2023 /PRNewswire/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American" or the "Company") is pleased to announce that at its special meeting of shareholders held earlier today, shareholders of Pan American ("Pan AmericanShareholders") overwhelmingly approved the resolution to authorize the issuance of up to 156,923,287 common shares of Pan American (the "Share Issuance Resolution") in respect of the arrangement involving Pan American, Agnico Eagle Mines Limited and Yamana Gold Inc. ("Yamana") under the Canada Business Corporations Act (the "Arrangement").
Detailed results of the votes cast are as follows:
| Resolution | Votes For | % For | Votes Against | % Against |
| Share Issuance Resolution | 110,661,649 | 97.28 % | 3,091,269 | 2.72 % |
In addition to the approval by Pan American Shareholders, shareholders of Yamana ("YamanaShareholders") approved the Arrangement at the special meeting of Yamana Shareholders held today. The Arrangement is expected to be completed within the first quarter of 2023, subject to approval by the Ontario Superior Court of Justice, approval from the Mexican Federal Economic Competition Commission (COFECE) and satisfaction or waiver of certain other closing conditions.
"We are very pleased to see such positive shareholder support for our accretive acquisition of Yamana," said Michael Steinmann, President and Chief Executive Officer of Pan American. "This is a transformational and strategic transaction for Pan American that will strengthen the Company's position as the leader in silver and gold production in Latin America."
Further information on the Arrangement is available on Pan American's website at:
https://www.panamericansilver.com/invest/arrangement-agreement-with-yamana/