Business description: Pan American Silver Corp.

Pan American Silver Corp. is a Canada-based producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. The Company is engaged in silver and gold mining and related activities, including exploration, mine development, extraction, processing, refining and reclamation. The Company also owns the Escobal mine in Guatemala that is currently not operating. In addition, the Company is exploring new silver and gold deposits and opportunities throughout the Americas. Its segments include Silver, Gold and Other. Its Silver Segment includes La Colorada, Cerro Moro, Escobal, Huaron and San Vicente. Its Gold segment includes Dolores, Shahuindo, Timmins, Jacobina, El Penon and Minera Florida. Its Other segment includes Pas Corp, Yamana Corp and other.

Number of employees: 9,348

Sales by Activity: Pan American Silver Corp.

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

Brazil - Jacobina

- - 288M 478M 658M

Chile - El Peñon

- - 259M 398M 596M

Peru - Shahuindo

256M 266M 285M 335M 482M

Canada - Timmins

239M 244M 261M 293M 362M

Chile - Minera Florida

- - - - 271M

Mexico - Dolores

343M 304M 268M 229M 176M

Mineraflorida

- - 155M 222M -

Peru - La Arena

195M 176M 190M 193M -

Argentina - Cerro Moro

- - 214M 241M 401M

Mexico - La Colorada

130M 155M 122M 161M 312M

Peru - Huaron

155M 146M 145M 172M 220M

Mexico - Juanicipio

- - - - 164M

Bolivia - SAN Vicente

80.45M 76.94M 91.5M 96.3M 134M

Argentina - Manantial Espejo

127M 105M 37.7M - -

Peru - Morococha

109M 22.06M - - -

Unallocated - Proportionate Share of Non-controlling Interests

- - - - 7M

Unallocated - Company's Attributable 44% Share of Juanicipio Operating Results

- - - - -164M

Canada- Yamana Corp

- - 200K - -

Executive Committee: Pan American Silver Corp.

Manager TitleAgeSince
Chief Executive Officer 60 2015-12-31
Director of Finance/CFO - 2022-02-28
Chief Tech/Sci/R&D Officer 66 2010-11-17
Chief Operating Officer - 2025-10-19
Chief Tech/Sci/R&D Officer - 2021-12-31

Composition of the Board of Directors: Pan American Silver Corp.

Director TitleAgeSince
Director/Board Member 60 2015-12-31
Director/Board Member 73 2012-07-02
Chairman 64 2021-05-11
Director/Board Member 66 2019-02-21
Director/Board Member 72 2020-12-15
Director/Board Member 54 2021-05-11
Director/Board Member 53 2023-05-09
Director/Board Member 55 2023-05-09
Director/Board Member 72 2023-05-09
Director/Board Member 63 2025-08-05

Shareholders: Pan American Silver Corp.

NameEquities%Valuation
Van Eck Associates Corp.
9.382 %
39,582,900 9.382 % 2 162 M $
Vanguard Fiduciary Trust Co.
4.14 %
17,465,779 4.14 % 954 M $
Mirae Asset Global ETFs Holdings Ltd.
3.759 %
15,860,311 3.759 % 866 M $
Blackrock Group Ltd. (Subfiler)
2.13 %
8,987,379 2.13 % 491 M $
Fidelity Investments Canada ULC
1.732 %
7,307,777 1.732 % 399 M $
NameEquities%Valuation
Konwave AG
-
2,540,000 - 2 M $
Baker Steel Capital Managers LLP
-
610,000 - 366 000 $
Mack + Weise Vermögensverwaltung GmbH
-
400,000 - 240 000 $
EMCORE Asset Management AG
-
245,000 - 147 000 $
Manulife Investment Management Ltd.
-
178,646 - 107 188 $

Holdings: Pan American Silver Corp.

NameEquities%Valuation
21,071,264 11.45% 87 M $
18,750,000 14.06% 14 M $

Company details: Pan American Silver Corp.

Pan American Silver Corp.

733 Seymour Street

V6B 0S6, Vancouver

+604 684 1175

http://www.panamericansilver.com
address Pan American Silver Corp.(PAAS)

Group companies: Pan American Silver Corp.

NameCategory and Sector
Precious Metals
Precious Metals
Precious Metals
Precious Metals
Precious Metals

Integrated Mining

Change 5d. change 1-year change 3-years change Capi.($)
+1.19%+0.12%+53.97%+24.77% 202B
+2.30%+2.97%+66.96%+45.07% 170B
-5.24%-3.08%+100.15%+121.78% 89.86B
+2.53%+1.40%+119.66%+15.76% 86.89B
-1.02%-5.81%+52.52%+47.83% 71.18B
+1.92%+1.38%+57.14%+27.24% 51.53B
+1.92%+2.26%+252.26%+388.78% 35.74B
-1.28%+0.59%+83.76%+173.53% 32.01B
+4.63%+1.16%+72.97%+32.21% 27.8B
Average +0.79%-1.98%+95.49%+97.44% 85.22B
Weighted average by Cap. +0.74%-1.73%+80.95%+65.36%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
55.72USD
Average target price
73.43USD
Spread / Average Target
+31.78%

Quarterly revenue - Rate of surprise

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