# EDGAR Filing Document

**Accession Number:** 0000814375
**File Stem:** 0000814375-25-000058
**Filing Date:** 2025-8
**Character Count:** 40366
**Document Hash:** a9a4bb66f85dea090a28eee086b8fd56
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000814375-25-000058.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0000814375-25-000058

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250819

**EFFECTIVENESS DATE**: 20250819

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DONALD SMITH & CO., INC.
- **CENTRAL INDEX KEY:** 0000814375

**ORGANIZATION NAME:**
- **EIN:** 132807845
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01345
- **FILM NUMBER:** 251230644

**BUSINESS ADDRESS:**
- **STREET 1:** 152 W. 57TH STREET
- **STREET 2:** 29TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-284-0990

**MAIL ADDRESS:**
- **STREET 1:** 152 W. 57TH STREET
- **STREET 2:** 29TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH DONALD & CO INC /NJ/
- **DATE OF NAME CHANGE:** 19990329

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0000814375

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Donald Smith  Co., Inc.

**Address:** 152 West 57th Street, New York, NY 10019

**Telephone number:** 2122840993

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-01345

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300XB35O8F9WO1X43

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 1

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                         | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                                                                                                                                                            | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| JACKSON FINANCIAL INC.                 | 46817M107 | 05/22/2025     | Non-binding, Advisory Vote to approve executive compensation                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        1556122 |                0 | FOR         |                                  1556122 | FOR                         |  |
| ADVANSIX INC                           | 00773T101 | 06/18/2025     | An advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         219060 |                0 | FOR         |                                   219060 | FOR                         |  |
| AIR FRANCE-KLM                         | 009119108 | 06/04/2025     | Please see the Company's Convening Notice for details.                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        4645893 |                0 | FOR         |                                  4645893 | FOR                         |  |
| AIR FRANCE-KLM                         | 009119108 | 06/04/2025     | Please see the Company's Convening Notice for details.                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        4645893 |                0 | FOR         |                                  4645893 | FOR                         |  |
| ALGOMA STEEL GROUP INC                 | 015658107 | 09/24/2024     | THE ADVISORY RESOLUTION ON THE COMPANY'S APPROACH TO EXECUTIVE COMPENSATION AS DISCLOSED IN THE COMPANY'S MANAGEMENT INFORMATION CIRCULAR DATED AUGUST 1, 2024                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          80000 |                0 | FOR         |                                    80000 | FOR                         |  |
| ALGOMA STEEL GROUP INC.                | 015658107 | 09/24/2024     | The advisory resolution on the Company's approach to executive compensation as disclosed in the Company's management information circular dated August 1, 2024.                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        8081857 |                0 | FOR         |                                  8081857 | FOR                         |  |
| ALGOMA STEEL GROUP INC.                | 015658107 | 06/24/2025     | "Say on Pay" Advisory Resolution The advisory resolution on the Company's approach to executive compensation as disclosed in the Company's management information circular dated May 1, 2025.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        6330979 |                0 | FOR         |                                  6330979 | FOR                         |  |
| ALGOMA STEEL GROUP INC.                | 015658107 | 06/24/2025     | "Say on Pay" Advisory Resolution The advisory resolution on the Company's approach to executive compensation as disclosed in the Company's management information circular dated May 1, 2025.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          31330 |                0 | FOR         |                                    31330 | FOR                         |  |
| ALLEGIANT TRAVEL COMPANY               | 01748X102 | 06/26/2025     | Approval of advisory resolution approving executive compensation.                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        1379183 |                0 | FOR         |                                  1379183 | FOR                         |  |
| ALLY FINANCIAL INC.                    | 02005N100 | 05/06/2025     | Advisory vote on executive compensation.                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        2458992 |                0 | FOR         |                                  2458992 | FOR                         |  |
| BEAZER HOMES USA, INC.                 | 07556Q881 | 02/06/2025     | An advisory vote regarding the compensation paid to the Company's named executive officers.                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        2884883 |                0 | FOR         |                                  2884883 | FOR                         |  |
| BRISTOW GROUP INC.                     | 11040G103 | 06/04/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         149287 |                0 | FOR         |                                   149287 | FOR                         |  |
| BRISTOW GROUP INC.                     | 11040G103 | 06/04/2025     | Advisory Vote to Approve the Frequency of Future Advisory Votes to Approve Named Executive Officer Compensation.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         149287 |                0 | 1 YEAR      |                                   149287 | FOR                         |  |
| CENTERRA GOLD INC. (THE "CORPORATION") | 152006102 | 05/06/2025     | To approve a non-binding advisory resolution to accept the Corporation's approach to executive compensation.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        7994751 |                0 | FOR         |                                  7994751 | FOR                         |  |
| CHATHAM LODGING TRUST                  | 16208T102 | 05/06/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        4527127 |                0 | FOR         |                                  4527127 | FOR                         |  |
| CITIGROUP INC.                         | 172967424 | 04/29/2025     | Advisory vote to approve our 2024 Executive Compensation.                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        1033714 |                0 | FOR         |                                  1033714 | FOR                         |  |
| CIVITAS RESOURCES, INC.                | 17888H103 | 06/04/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        4329410 |                0 | FOR         |                                  4329410 | FOR                         |  |
| CNA FINANCIAL CORPORATION              | 126117100 | 04/30/2025     | An advisory (non-binding) vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         160019 |                0 | FOR         |                                   160019 | FOR                         |  |
| CONDUIT HOLDINGS LIMITED               | G24385109 | 05/14/2025     | TO APPROVE THE ANNUAL REPORT ON REMUNERATION AS SET OUT IN THE ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          44400 |                0 | FOR         |                                    44400 | FOR                         |  |
| COREBRIDGE FINANCIAL, INC.             | 21871X109 | 06/03/2025     | Approve the 2024 compensation of Corebridge's named executive officers on an advisory basis.                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        3842499 |                0 | FOR         |                                  3842499 | FOR                         |  |
| ELDORADO GOLD CORPORATION              | 284902509 | 06/03/2025     | Advisory Vote on Executive Compensation Approve an ordinary resolution as set out in the Management Information Circular supporting the Company's approach to executive compensation on an advisory basis.                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |       11689717 |                0 | FOR         |                                 11689717 | FOR                         |  |
| EQUINOX GOLD CORP                      | 29446Y502 | 05/01/2025     | TO CONSIDER, AND IF DEEMED ADVISABLE, TO PASS AN ORDINARY RESOLUTION THAT THE COMPANYS SHAREHOLDERS ACCEPT THE APPROACH TO EXECUTIVE COMPENSATION AS MORE PARTICULARLY DESCRIBED IN THE COMPANYS MANAGEMENT INFORMATION CIRCULAR                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         538835 |                0 | FOR         |                                   538835 | FOR                         |  |
| EQUINOX GOLD CORP.                     | 29446Y502 | 05/01/2025     | To consider, and if deemed advisable, to pass an ordinary resolution that the Company's shareholders accept the approach to executive compensation as more particularly described in the Company's Management Information Circular.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |       20708774 |                0 | FOR         |                                 20708774 | FOR                         |  |
| EQUINOX GOLD CORP.                     | 29446Y502 | 05/01/2025     | To consider, and if deemed advisable, to pass an ordinary resolution that the Company's shareholders accept the approach to executive compensation as more particularly described in the Company's Management Information Circular.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        1155347 |                0 | FOR         |                                  1155347 | FOR                         |  |
| EVEREST GROUP, LTD.                    | G3223R108 | 05/14/2025     | To approve, by non-binding advisory vote, 2024 compensation paid to the Company's Named Executive Officers.                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         199019 |                0 | FOR         |                                   199019 | FOR                         |  |
| GALIANO GOLD INC.                      | 36352H100 | 06/12/2025     | Advisory Vote on Executive Compensation Approve, on an advisory basis, the Company's approach to executive compensation.                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       24484585 |                0 | FOR         |                                 24484585 | FOR                         |  |
| GENERAL MOTORS COMPANY                 | 37045V100 | 06/03/2025     | Advisory Approval of Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        1426976 |                0 | FOR         |                                  1426976 | FOR                         |  |
| GENWORTH FINANCIAL, INC.               | 37247D106 | 05/22/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       25398971 |                0 | FOR         |                                 25398971 | FOR                         |  |
| GUILD HOLDINGS COMPANY                 | 40172N107 | 05/27/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the proxy statement.                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         373525 |                0 | FOR         |                                   373525 | FOR                         |  |
| HARLEY-DAVIDSON, INC.                  | 412822108 | 05/14/2025     | To approve, by advisory vote, the compensation of our Named Executive Officers.                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        3172416 |                0 | FOR         |                                  3172416 | FOR                         |  |
| HOOKER FURNISHINGS CORPORATION         | 439038100 | 06/03/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         883601 |                0 | FOR         |                                   883601 | FOR                         |  |
| HUDBAY MINERALS INC.                   | 443628102 | 05/20/2025     | Say on Pay Advisory Vote On an advisory basis, and not to diminish the role and responsibilities of Hudbay's Board of Directors, you accept the approach to executive compensation in our 2025 management information circular.                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        4637312 |                0 | FOR         |                                  4637312 | FOR                         |  |
| IAMGOLD CORPORATION                    | 450913108 | 05/06/2025     | Resolved that, on an advisory basis and not to diminish the role and responsibilities of the board of directors, the shareholders accept the approach to executive compensation disclosed in the management information circular of IAMGOLD Corporation dated April 3, 2025.                                                                                                | SECTION 14A SAY-ON-PAY VOTES |       27087371 |                0 | FOR         |                                 27087371 | FOR                         |  |
| INTERNATIONAL SEAWAYS, INC.            | Y41053102 | 06/10/2025     | Approval by an advisory vote of the compensation paid to the Named Executive Officers of the Company for 2024 as described in the Company's Proxy Statement.                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         714673 |                0 | FOR         |                                   714673 | FOR                         |  |
| K+S AKTIENGESELLSCHAFT                 | D48164129 | 05/14/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          19810 |                0 | FOR         |                                    19810 | FOR                         |  |
| KB HOME                                | 48666K109 | 04/17/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         153650 |                0 | FOR         |                                   153650 | FOR                         |  |
| KENMARE RESOURCES PLC                  | G52332213 | 05/15/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          51720 |                0 | FOR         |                                    51720 | FOR                         |  |
| KIMBALL ELECTRONICS, INC.              | 49428J109 | 11/15/2024     | To approve, by a non-binding, advisory vote, the compensation paid to the Company's Named Executive Officers.                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         196176 |                0 | FOR         |                                   196176 | FOR                         |  |
| KIMBALL ELECTRONICS, INC.              | 49428J109 | 11/15/2024     | To approve, by a non-binding, advisory vote, the frequency of future advisory votes on the compensation paid to our Named Executive Officers.                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         196176 |                0 | 1 YEAR      |                                   196176 | FOR                         |  |
| M/I HOMES, INC.                        | 55305B101 | 05/14/2025     | A non-binding, advisory resolution to approve the compensation of the named executive officers of M/I Homes, Inc.                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        1198654 |                0 | FOR         |                                  1198654 | FOR                         |  |
| MARTINREA INTERNATIONAL INC.           | 573459104 | 06/11/2025     | Advisory Resolution on Executive Compensation Resolved, on an advisory basis and not to diminish the roles and responsibilities of the board of directors, that the shareholders accept the approach to executive compensation disclosed in the accompanying Management Information Circular of the Corporation for the Annual General Meeting to be held on June 11, 2025. | SECTION 14A SAY-ON-PAY VOTES |          36120 |                0 | FOR         |                                    36120 | FOR                         |  |
| MICRON TECHNOLOGY, INC.                | 595112103 | 01/16/2025     | PROPOSAL BY THE COMPANY TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THE PROXY STATEMENT.                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         361328 |                0 | FOR         |                                   361328 | FOR                         |  |
| MOTORCAR PARTS OF AMERICA, INC.        | 620071100 | 09/05/2024     | To vote on an advisory (non-binding) proposal to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         876781 |                0 | FOR         |                                   876781 | FOR                         |  |
| NMI HOLDINGS, INC.                     | 629209305 | 05/08/2025     | Advisory approval of NMI Holdings, Inc.'s executive compensation.                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         812314 |                0 | FOR         |                                   812314 | FOR                         |  |
| NMI HOLDINGS, INC.                     | 629209305 | 05/08/2025     | Advisory vote on whether the frequency of the stockholder vote on our executive compensation should be every 1, 2 or 3 years.                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         812314 |                0 | 1 YEAR      |                                   812314 | FOR                         |  |
| NN GROUP N.V.                          | N64038107 | 05/15/2025     | PROPOSAL TO GIVE A POSITIVE ADVICE ON THE 2024 REMUNERATION REPORT                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           4950 |                0 | FOR         |                                     4950 | FOR                         |  |
| OSB GROUP PLC                          | G6S36L101 | 05/08/2025     | TO APPROVE THE REMUNERATION REPORT                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          80440 |                0 | FOR         |                                    80440 | FOR                         |  |
| PARK HOTELS  RESORTS INC               | 700517105 | 04/25/2025     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |       10315318 |                0 | FOR         |                                 10315318 | FOR                         |  |
| RADIAN GROUP INC.                      | 750236101 | 05/21/2025     | Advisory, non-binding vote to approve named executive officer compensation                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        2098278 |                0 | FOR         |                                  2098278 | FOR                         |  |
| RLJ LODGING TRUST                      | 74965L101 | 04/25/2025     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        5280513 |                0 | FOR         |                                  5280513 | FOR                         |  |
| SIRIUSPOINT LTD.                       | G8192H106 | 05/20/2025     | To approve, by a non-binding advisory vote, the executive compensation payable to the Company's named executive officers.                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        7164431 |                0 | FOR         |                                  7164431 | FOR                         |  |
| TAYLOR MORRISON HOME CORPORATION       | 87724P106 | 05/22/2025     | Advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        1725925 |                0 | FOR         |                                  1725925 | FOR                         |  |
| THE MOSAIC COMPANY                     | 61945C103 | 05/29/2025     | An advisory vote to approve the compensation of our named executive officers as disclosed in the Proxy Statement.                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        2978381 |                0 | FOR         |                                  2978381 | FOR                         |  |
| TITAN INTERNATIONAL, INC.              | 88830M102 | 06/11/2025     | To approve, in a non-binding advisory vote, the 2024 compensation paid to the Company's named executive officers.                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        1300871 |                0 | FOR         |                                  1300871 | FOR                         |  |
| TUTOR PERINI CORPORATION               | 901109108 | 05/15/2025     | Approve the compensation of the Company's named executive officers on an advisory (non-binding) basis.                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        3620440 |                0 | AGAINST     |                                  3620440 | AGAINST                     |  |
| UNITED STATES STEEL CORPORATION        | 912909108 | 05/06/2025     | To consider and act on a non-binding advisory vote regarding the approval of compensation paid to certain executive officers.                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        4038325 |                0 | FOR         |                                  4038325 | FOR                         |  |
| UNIVERSAL INSURANCE HOLDINGS, INC.     | 91359V107 | 06/12/2025     | Advisory vote to approve the compensation of the Company's named executive officers as disclosed in the 2025 Proxy Statement.                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        1565572 |                0 | FOR         |                                  1565572 | FOR                         |  |
| UNUM GROUP                             | 91529Y106 | 05/22/2025     | To approve, on an advisory basis, the compensation of the company's named executive officers.                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        1868428 |                0 | FOR         |                                  1868428 | FOR                         |  |
| CATALYST METALS LTD                    | Q2144G109 | 11/14/2024     | REMUNERATION REPORT                                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        3982736 |                0 | FOR         |                                  3982736 | FOR                         |  |
| EQUINOX GOLD CORP.                     | 29446Y502 | 05/01/2025     | To consider, and if deemed advisable, to pass an ordinary resolution that the Company's shareholders accept the approach to executive compensation as more particularly described in the Company's Management Information Circular.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         305516 |                0 | FOR         |                                   305516 | FOR                         |  |
| ORA BANDA MINING LTD                   | Q71512109 | 11/20/2024     | NON BINDING RESOLUTION TO ADOPT REMUNERATION REPORT                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |       11198002 |                0 | FOR         |                                 11198002 | FOR                         |  |
| TOLU MINERALS LIMITED                  | Y8166E105 | 06/19/2025     | REMUNERATION REPORT FOR THE YEAR ENDED 31 DECEMBER 2024                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        6125000 |                0 | FOR         |                                  6125000 | NONE                        |  |

## N-PX: Signature Block

**Reporting Person:** Donald Smith  Co., Inc.

**By (Signature):** Ann Cianfrone

**By (Printed Signature):** Ann Cianfrone

**By (Title):** COO and CCO

**Date:** 08/18/2025